Definitive Analysis
| Stable Growth | $2,212,328.40 - $2,606,497.70 | $2,442,670.06 |
| Multi-Stage | $627,884.85 - $688,547.32 | $657,652.68 |
| Blended Fair Value | $1,550,161.37 | |
| Current Price | $113,500.00 | |
| Upside | 1,265.78% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 23.44% | 29.23% | 2,870.25 | 226.95 | 353.16 | 1,763.37 | 1,094.32 | 1,001.52 | 1,120.69 | 842.11 | 681.74 | 326.16 |
| YoY Growth | - | - | 1,164.70% | -35.74% | -79.97% | 61.14% | 9.27% | -10.63% | 33.08% | 23.52% | 109.02% | 47.58% |
| Dividend Yield | - | - | 2.35% | 0.28% | 0.91% | 4.34% | 6.36% | 9.72% | 7.86% | 5.69% | 5.61% | 2.64% |
| Net Income To Common (M) | 2,329,894.39 |
| (-) Cash Dividends Paid (M) | 285,347.12 |
| (=) Cash Retained (M) | 2,044,547.27 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 465,978.88 | 291,236.80 | 174,742.08 |
| Cash Retained (M) | 2,044,547.27 | 2,044,547.27 | 2,044,547.27 |
| (-) Cash Required (M) | -465,978.88 | -291,236.80 | -174,742.08 |
| (=) Excess Retained (M) | 1,578,568.40 | 1,753,310.48 | 1,869,805.19 |
| (/) Shares Outstanding (M) | 177.77 | 177.77 | 177.77 |
| (=) Excess Retained per Share | 8,879.82 | 9,862.79 | 10,518.10 |
| LTM Dividend per Share | 1,605.15 | 1,605.15 | 1,605.15 |
| (+) Excess Retained per Share | 8,879.82 | 9,862.79 | 10,518.10 |
| (=) Adjusted Dividend | 10,484.97 | 11,467.93 | 12,123.25 |
| WACC / Discount Rate | 5.16% | 5.16% | 5.16% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $2,212,328.40 | $2,442,670.06 | $2,606,497.70 |
| Upside / Downside | 1,849.19% | 2,052.13% | 2,196.47% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 2,329,894.39 | 2,481,337.53 | 2,642,624.47 | 2,814,395.06 | 2,997,330.74 | 3,192,157.23 | 3,287,921.95 |
| Payout Ratio | 12.25% | 27.80% | 43.35% | 58.90% | 74.45% | 90.00% | 92.50% |
| Projected Dividends (M) | 285,347.12 | 689,756.50 | 1,145,533.51 | 1,657,647.31 | 2,231,496.02 | 2,872,941.51 | 3,041,327.80 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 5.16% | 5.16% | 5.16% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 649,780.11 | 655,939.16 | 662,098.21 |
| Year 2 PV (M) | 1,016,597.45 | 1,035,960.78 | 1,055,506.77 |
| Year 3 PV (M) | 1,385,810.86 | 1,425,592.51 | 1,466,128.29 |
| Year 4 PV (M) | 1,757,432.10 | 1,825,017.97 | 1,894,534.73 |
| Year 5 PV (M) | 2,131,472.97 | 2,234,423.91 | 2,341,315.03 |
| PV of Terminal Value (M) | 104,678,153.19 | 109,734,147.13 | 114,983,645.85 |
| Equity Value (M) | 111,619,246.67 | 116,911,081.45 | 122,403,228.89 |
| Shares Outstanding (M) | 177.77 | 177.77 | 177.77 |
| Fair Value | $627,884.85 | $657,652.68 | $688,547.32 |
| Upside / Downside | 453.20% | 479.43% | 506.65% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| 9541.SR | Academy Of Learning Company | 3.74% | $0.43 | 78.32% |
| 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% |