Definitive Analysis
| Stable Growth | $750,906.69 - $2,715,146.09 | $2,380,211.41 |
| Multi-Stage | $343,929.52 - $376,290.36 | $359,813.49 |
| Blended Fair Value | $1,370,012.45 | |
| Current Price | $87,200.00 | |
| Upside | 1,471.12% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 13.39% | 25.63% | 3,891.80 | 4,835.85 | 3,227.28 | 2,067.47 | 2,117.90 | 2,076.65 | 1,695.27 | 1,126.27 | 767.91 | 604.82 |
| YoY Growth | - | - | -19.52% | 49.84% | 56.10% | -2.38% | 1.99% | 22.50% | 50.52% | 46.67% | 26.97% | 52.21% |
| Dividend Yield | - | - | 6.53% | 8.57% | 7.93% | 4.25% | 4.95% | 8.99% | 4.51% | 2.46% | 2.08% | 2.44% |
| Net Income To Common (M) | 3,946,935.00 |
| (-) Cash Dividends Paid (M) | 1,341,315.00 |
| (=) Cash Retained (M) | 2,605,620.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 789,387.00 | 493,366.88 | 296,020.13 |
| Cash Retained (M) | 2,605,620.00 | 2,605,620.00 | 2,605,620.00 |
| (-) Cash Required (M) | -789,387.00 | -493,366.88 | -296,020.13 |
| (=) Excess Retained (M) | 1,816,233.00 | 2,112,253.13 | 2,309,599.88 |
| (/) Shares Outstanding (M) | 289.10 | 289.10 | 289.10 |
| (=) Excess Retained per Share | 6,282.39 | 7,306.33 | 7,988.95 |
| LTM Dividend per Share | 4,639.64 | 4,639.64 | 4,639.64 |
| (+) Excess Retained per Share | 6,282.39 | 7,306.33 | 7,988.95 |
| (=) Adjusted Dividend | 10,922.02 | 11,945.96 | 12,628.59 |
| WACC / Discount Rate | 7.03% | 7.03% | 7.03% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $750,906.69 | $2,380,211.41 | $2,715,146.09 |
| Upside / Downside | 761.13% | 2,629.60% | 3,013.70% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 3,946,935.00 | 4,203,485.78 | 4,476,712.35 | 4,767,698.65 | 5,077,599.07 | 5,407,643.00 | 5,569,872.30 |
| Payout Ratio | 33.98% | 45.19% | 56.39% | 67.59% | 78.80% | 90.00% | 92.50% |
| Projected Dividends (M) | 1,341,315.00 | 1,899,427.82 | 2,524,428.25 | 3,222,653.65 | 4,000,982.65 | 4,866,878.70 | 5,152,131.87 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 7.03% | 7.03% | 7.03% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 1,757,931.00 | 1,774,593.85 | 1,791,256.71 |
| Year 2 PV (M) | 2,162,325.61 | 2,203,511.84 | 2,245,086.62 |
| Year 3 PV (M) | 2,554,763.62 | 2,628,101.71 | 2,702,830.04 |
| Year 4 PV (M) | 2,935,504.76 | 3,048,395.99 | 3,164,512.44 |
| Year 5 PV (M) | 3,304,803.74 | 3,464,426.99 | 3,630,159.41 |
| PV of Terminal Value (M) | 86,714,438.74 | 90,902,778.56 | 95,251,416.00 |
| Equity Value (M) | 99,429,767.47 | 104,021,808.94 | 108,785,261.21 |
| Shares Outstanding (M) | 289.10 | 289.10 | 289.10 |
| Fair Value | $343,929.52 | $359,813.49 | $376,290.36 |
| Upside / Downside | 294.41% | 312.63% | 331.53% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
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| BBCA.JK | PT Bank Central Asia Tbk | 3.74% | $300.05 | 64.91% |
| BKGI.BK | Bangkok Genomics Innovation Public Company Limited | 3.74% | $0.05 | 88.71% |
| DAC | Danaos Corporation | 3.74% | $3.56 | 14.02% |
| JKON.JK | PT Jaya Konstruksi Manggala Pratama Tbk | 3.74% | $3.25 | 45.42% |
| MDKI.JK | PT Emdeki Utama Tbk | 3.74% | $8.00 | 62.54% |
| NORCO.OL | Norconsult ASA | 3.74% | $1.66 | 72.73% |
| SLCE3.SA | SLC Agrícola S.A. | 3.74% | $0.55 | 41.84% |
| 3948.HK | Inner Mongolia Yitai Coal Co., Ltd. | 3.73% | $0.65 | 24.32% |
| IDPR.JK | PT Indonesia Pondasi Raya Tbk | 3.73% | $10.00 | 75.77% |
| KIMBERA.MX | Kimberly-Clark de México, S. A. B. de C. V. | 3.73% | $1.43 | 57.51% |
| PGMN3.SA | Empreendimentos Pague Menos S.A. | 3.73% | $0.23 | 74.59% |
| QIBK.QA | Qatar Islamic Bank (Q.P.S.C.) | 3.73% | $0.89 | 44.73% |
| 002367.SZ | Canny Elevator Co., Ltd. | 3.72% | $0.30 | 60.41% |
| 600300.SS | V V Food & Beverage Co.,Ltd | 3.72% | $0.13 | 51.92% |
| 603899.SS | Shanghai M&G Stationery Inc. | 3.72% | $1.01 | 69.72% |
| RHC.AX | Ramsay Health Care Limited | 3.72% | $1.29 | 32.49% |
| 000999.SZ | China Resources Sanjiu Medical & Pharmaceutical Co., Ltd. | 3.71% | $1.06 | 63.26% |
| 214180.KQ | Hecto Innovation Co., Ltd. | 3.71% | $602.87 | 23.75% |
| 603948.SS | Zhejiang Jianye Chemical Co., Ltd. | 3.71% | $1.01 | 75.31% |
| 6089.T | Will Group, Inc. | 3.71% | $44.42 | 74.52% |
| QNNS.QA | Qatar Navigation Q.P.S.C. | 3.71% | $0.40 | 38.98% |
| 016610.KS | DB Securities Co., Ltd. | 3.70% | $404.34 | 30.24% |
| 2471.T | S-Pool, Inc. | 3.70% | $10.10 | 43.62% |
| 3430.TWO | Chitec Technology Co., Ltd. | 3.70% | $2.50 | 75.20% |
| 4560.TW | Strong H Machinery Technology (Cayman) Incorporation | 3.70% | $1.20 | 42.07% |
| 5347.KL | Tenaga Nasional Berhad | 3.70% | $0.51 | 62.35% |
| LOOMIS.ST | Loomis AB (publ) | 3.70% | $14.10 | 53.46% |
| MIDW-A.ST | Midway Holding AB (publ) | 3.70% | $0.91 | 65.00% |
| PNDORA.CO | Pandora A/S | 3.70% | $25.72 | 37.06% |
| SPVI.BK | S P V I Public Company Limited | 3.70% | $0.08 | 37.67% |
| 3401.T | Teijin Limited | 3.69% | $49.97 | 35.81% |
| BZU.MI | Buzzi Unicem S.p.A. | 3.69% | $1.90 | 18.48% |
| CWP.AX | Cedar Woods Properties Limited | 3.69% | $0.31 | 15.67% |
| CX.ST | CombinedX AB (publ) | 3.69% | $1.37 | 55.29% |
| REH.AX | Reece Limited | 3.69% | $0.49 | 43.22% |
| 000783.SZ | Changjiang Securities Company Limited | 3.68% | $0.30 | 43.98% |
| 014820.KS | Dongwon Systems Corporation | 3.68% | $916.77 | 45.73% |
| 2245.HK | Lygend Resources & Technology Co., Ltd. | 3.68% | $0.91 | 36.29% |
| 5DD.SI | Micro-Mechanics (Holdings) Ltd. | 3.68% | $0.06 | 66.85% |
| 600598.SS | Heilongjiang Agriculture Company Limited | 3.68% | $0.55 | 89.21% |
| 601156.SS | Eastern Air Logistics Co., Ltd. | 3.68% | $0.68 | 41.00% |
| NICL.JK | PT PAM Mineral Tbk | 3.68% | $51.00 | 99.38% |
| PNBN.JK | P.T. Bank Pan Indonesia Tbk | 3.68% | $42.00 | 37.86% |
| 3617.TW | Cyber Power Systems, Inc. | 3.67% | $7.64 | 45.54% |
| 5296.KL | Mr D.I.Y. Group (M) Berhad | 3.67% | $0.06 | 87.61% |
| 600535.SS | Tasly Pharmaceutical Group Co., Ltd | 3.67% | $0.55 | 75.36% |
| 8424.T | Fuyo General Lease Co., Ltd. | 3.67% | $157.51 | 52.44% |
| 9937.TW | National Petroleum Co., Ltd. | 3.67% | $2.10 | 88.32% |
| KEMIRA.HE | Kemira Oyj | 3.67% | $0.72 | 49.87% |