Definitive Analysis
| Stable Growth | $209,951.50 - $844,097.38 | $560,051.66 |
| Multi-Stage | $103,700.38 - $113,362.63 | $108,443.38 |
| Blended Fair Value | $334,247.52 | |
| Current Price | $26,775.00 | |
| Upside | 1,148.36% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 11.99% | 15.07% | 2,235.27 | 6,883.97 | 1,752.66 | 829.66 | 1,002.11 | 1,269.08 | 1,002.11 | 693.06 | 598.60 | 817.30 |
| YoY Growth | - | - | -67.53% | 292.77% | 111.25% | -17.21% | -21.04% | 26.64% | 44.59% | 15.78% | -26.76% | 48.78% |
| Dividend Yield | - | - | 9.49% | 28.65% | 6.02% | 3.25% | 4.53% | 7.51% | 3.68% | 2.17% | 2.26% | 5.34% |
| Net Income To Common (M) | 15,414,710.00 |
| (-) Cash Dividends Paid (M) | 7,808,837.00 |
| (=) Cash Retained (M) | 7,605,873.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 3,082,942.00 | 1,926,838.75 | 1,156,103.25 |
| Cash Retained (M) | 7,605,873.00 | 7,605,873.00 | 7,605,873.00 |
| (-) Cash Required (M) | -3,082,942.00 | -1,926,838.75 | -1,156,103.25 |
| (=) Excess Retained (M) | 4,522,931.00 | 5,679,034.25 | 6,449,769.75 |
| (/) Shares Outstanding (M) | 3,631.81 | 3,631.81 | 3,631.81 |
| (=) Excess Retained per Share | 1,245.37 | 1,563.69 | 1,775.91 |
| LTM Dividend per Share | 2,150.12 | 2,150.12 | 2,150.12 |
| (+) Excess Retained per Share | 1,245.37 | 1,563.69 | 1,775.91 |
| (=) Adjusted Dividend | 3,395.49 | 3,713.82 | 3,926.03 |
| WACC / Discount Rate | 7.21% | 7.21% | 7.21% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $209,951.50 | $560,051.66 | $844,097.38 |
| Upside / Downside | 684.13% | 1,991.70% | 3,052.56% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 15,414,710.00 | 16,416,666.15 | 17,483,749.45 | 18,620,193.16 | 19,830,505.72 | 21,119,488.59 | 21,753,073.25 |
| Payout Ratio | 50.66% | 58.53% | 66.40% | 74.26% | 82.13% | 90.00% | 92.50% |
| Projected Dividends (M) | 7,808,837.00 | 9,608,129.03 | 11,608,336.69 | 13,827,977.00 | 16,287,125.33 | 19,007,539.73 | 20,121,592.76 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 7.21% | 7.21% | 7.21% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 8,878,133.73 | 8,962,286.66 | 9,046,439.58 |
| Year 2 PV (M) | 9,911,416.07 | 10,100,200.70 | 10,290,766.33 |
| Year 3 PV (M) | 10,909,559.51 | 11,222,733.76 | 11,541,844.79 |
| Year 4 PV (M) | 11,873,420.85 | 12,330,039.10 | 12,799,702.62 |
| Year 5 PV (M) | 12,803,838.45 | 13,422,268.64 | 14,064,367.60 |
| PV of Terminal Value (M) | 322,243,619.99 | 337,808,107.33 | 353,968,284.24 |
| Equity Value (M) | 376,619,988.60 | 393,845,636.20 | 411,711,405.16 |
| Shares Outstanding (M) | 3,631.81 | 3,631.81 | 3,631.81 |
| Fair Value | $103,700.38 | $108,443.38 | $113,362.63 |
| Upside / Downside | 287.30% | 305.02% | 323.39% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| 558.SI | UMS Holdings Limited | 3.60% | $0.05 | 88.87% |
| 601019.SS | Shandong Publishing&Media Co.,Ltd | 3.60% | $0.31 | 41.99% |
| 603233.SS | DaShenLin Pharmaceutical Group Co., Ltd. | 3.60% | $0.64 | 63.21% |
| 603658.SS | Autobio Diagnostics Co., Ltd. | 3.60% | $1.27 | 66.33% |
| 603661.SS | Henglin Home Furnishings Co.,Ltd | 3.60% | $1.15 | 57.55% |
| 6371.T | Tsubakimoto Chain Co. | 3.60% | $83.27 | 37.31% |
| FSMART.BK | Forth Smart Service Public Company Limited | 3.60% | $0.23 | 31.86% |
| KABE-B.ST | KABE Group AB (publ.) | 3.60% | $8.00 | 76.60% |
| SKLT.JK | PT Sekar Laut Tbk | 3.60% | $9.00 | 42.24% |
| TFMAMA.BK | Thai President Foods Public Company Limited | 3.60% | $6.93 | 57.58% |
| 002469.SZ | Shandong Sunway Chemical Group Co., Ltd. | 3.59% | $0.30 | 72.05% |
| 216050.KQ | Incross Co., Ltd. | 3.59% | $241.94 | 26.78% |
| 2845.TW | Far Eastern International Bank Ltd. | 3.59% | $0.46 | 54.51% |
| 6461.T | Nippon Piston Ring Co., Ltd. | 3.59% | $68.27 | 25.12% |
| 7751.T | Canon Inc. | 3.59% | $166.45 | 91.69% |
| E4C.DE | Ecotel Communication Ag | 3.59% | $0.42 | 82.27% |
| LHA.DE | Deutsche Lufthansa AG | 3.59% | $0.31 | 22.46% |
| NTB | The Bank of N.T. Butterfield & Son Limited | 3.59% | $1.78 | 33.40% |
| SVOA.BK | SVOA Public Company Limited | 3.59% | $0.05 | 21.40% |
| TRAC-B.ST | AB Traction | 3.59% | $9.00 | 82.36% |
| 0IX0.L | GL Events S.A. | 3.58% | $1.04 | 20.20% |
| 0QNG.L | Jungfraubahn Holding AG | 3.58% | $10.25 | 42.20% |
| 3231.T | Nomura Real Estate Holdings, Inc. | 3.58% | $34.64 | 40.45% |
| 4106.TW | Wellell Inc. | 3.58% | $0.80 | 58.20% |
| EIK.IC | Eik fasteignafélag hf. | 3.58% | $0.50 | 24.04% |
| 053690.KS | HanmiGlobal Co., Ltd. | 3.57% | $642.06 | 28.05% |
| 286940.KS | Lotte Innovate Co Ltd | 3.57% | $699.88 | 99.32% |
| 601158.SS | Chongqing Water Group Co.,Ltd. | 3.57% | $0.16 | 91.61% |
| ILC.SN | Inversiones La Construcción S.A. | 3.57% | $650.41 | 28.71% |
| 058850.KS | Ktcs Corporation | 3.56% | $100.09 | 15.29% |
| 1294.TWO | Hantech Bio-Technology Co., Ltd. | 3.56% | $2.81 | 66.03% |
| 3283.T | Nippon Prologis REIT, Inc. | 3.56% | $3,304.88 | 53.00% |
| 688121.SS | Shanghai Supezet Engineering Technology Corp., Ltd. | 3.56% | $0.39 | 73.41% |
| EMIRATESNBD.AE | Emirates NBD Bank PJSC | 3.56% | $1.02 | 28.25% |
| FLEXO.AT | Flexopack Société Anonyme Commercial and Industrial Plastics Company | 3.56% | $0.30 | 17.58% |
| 006040.KS | Dongwon Industries Co., Ltd. | 3.55% | $1,474.30 | 49.91% |
| 2715.T | Elematec Corporation | 3.55% | $84.99 | 64.74% |
| 3700.HK | Inkeverse Group Limited | 3.55% | $0.04 | 11.74% |
| 600958.SS | Orient Securities Company Limited | 3.55% | $0.39 | 63.25% |
| 7955.T | Cleanup Corporation | 3.55% | $31.00 | 45.30% |
| ISAT.JK | PT Indosat Ooredoo Hutchison Tbk | 3.55% | $83.79 | 58.49% |
| PBSA.JK | PT Paramita Bangun Sarana Tbk | 3.55% | $55.00 | 71.03% |
| 004800.KS | Hyosung Corporation | 3.54% | $3,986.89 | 20.54% |
| 6414.TW | Ennoconn Corporation | 3.54% | $10.13 | 52.07% |
| WIHL.ST | Wihlborgs Fastigheter AB (publ) | 3.54% | $3.20 | 44.13% |
| 002081.SZ | Suzhou Gold Mantis Construction Decoration Co., Ltd. | 3.53% | $0.12 | 70.03% |
| 0RHV.L | Investis Holding S.A. | 3.53% | $5.10 | 18.83% |
| 2760.T | Tokyo Electron Device Limited | 3.53% | $119.86 | 46.59% |
| 5515.TW | Chien Kuo Construction Co., Ltd. | 3.53% | $1.27 | 51.00% |
| 600603.SS | Guanghui Logistics Co.Ltd | 3.53% | $0.22 | 63.76% |