Definitive Analysis
| Stable Growth | $65,511.13 - $160,490.57 | $150,403.16 |
| Multi-Stage | $23,579.76 - $25,796.15 | $24,667.64 |
| Blended Fair Value | $87,535.40 | |
| Current Price | $5,775.00 | |
| Upside | 1,415.76% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 19.71% | 9.16% | 518.68 | 649.57 | 281.82 | 131.91 | 183.90 | 211.00 | 189.88 | 167.92 | 167.89 | 215.86 |
| YoY Growth | - | - | -20.15% | 130.49% | 113.65% | -28.27% | -12.84% | 11.12% | 13.08% | 0.01% | -22.22% | 0.00% |
| Dividend Yield | - | - | 10.54% | 12.49% | 4.70% | 2.01% | 3.49% | 5.41% | 2.61% | 2.30% | 1.95% | 2.98% |
| Net Income To Common (M) | 32,670,000.00 |
| (-) Cash Dividends Paid (M) | 16,426,000.00 |
| (=) Cash Retained (M) | 16,244,000.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 6,534,000.00 | 4,083,750.00 | 2,450,250.00 |
| Cash Retained (M) | 16,244,000.00 | 16,244,000.00 | 16,244,000.00 |
| (-) Cash Required (M) | -6,534,000.00 | -4,083,750.00 | -2,450,250.00 |
| (=) Excess Retained (M) | 9,710,000.00 | 12,160,250.00 | 13,793,750.00 |
| (/) Shares Outstanding (M) | 40,483.66 | 40,483.66 | 40,483.66 |
| (=) Excess Retained per Share | 239.85 | 300.37 | 340.72 |
| LTM Dividend per Share | 405.74 | 405.74 | 405.74 |
| (+) Excess Retained per Share | 239.85 | 300.37 | 340.72 |
| (=) Adjusted Dividend | 645.59 | 706.12 | 746.47 |
| WACC / Discount Rate | 6.54% | 6.54% | 6.54% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $65,511.13 | $150,403.16 | $160,490.57 |
| Upside / Downside | 1,034.39% | 2,504.38% | 2,679.06% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 32,670,000.00 | 34,793,550.00 | 37,055,130.75 | 39,463,714.25 | 42,028,855.67 | 44,760,731.29 | 46,103,553.23 |
| Payout Ratio | 50.28% | 58.22% | 66.17% | 74.11% | 82.06% | 90.00% | 92.50% |
| Projected Dividends (M) | 16,426,000.00 | 20,257,791.00 | 24,518,314.98 | 29,247,117.91 | 34,487,075.34 | 40,284,658.16 | 42,645,786.74 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 6.54% | 6.54% | 6.54% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 18,835,778.70 | 19,014,316.88 | 19,192,855.07 |
| Year 2 PV (M) | 21,196,961.26 | 21,600,703.83 | 22,008,255.30 |
| Year 3 PV (M) | 23,510,266.66 | 24,185,161.93 | 24,872,851.04 |
| Year 4 PV (M) | 25,776,404.47 | 26,767,692.25 | 27,787,300.42 |
| Year 5 PV (M) | 27,996,074.98 | 29,348,295.87 | 30,752,269.43 |
| PV of Terminal Value (M) | 837,279,527.47 | 877,720,441.72 | 919,709,124.95 |
| Equity Value (M) | 954,595,013.53 | 998,636,612.47 | 1,044,322,656.20 |
| Shares Outstanding (M) | 40,483.66 | 40,483.66 | 40,483.66 |
| Fair Value | $23,579.76 | $24,667.64 | $25,796.15 |
| Upside / Downside | 308.31% | 327.15% | 346.69% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| 4588.KL | UMW Holdings Berhad | 3.46% | $0.17 | 22.64% |
| 600039.SS | Sichuan Road & Bridge Co.,Ltd | 3.46% | $0.34 | 38.73% |
| 6179.TWO | ATE Energy International Co., Ltd. | 3.46% | $1.01 | 61.93% |
| CCEC | Capital Clean Energy Carriers Corp. | 3.46% | $0.71 | 14.75% |
| PPGL.JK | PT Prima Globalindo Logistik Tbk | 3.46% | $6.54 | 59.35% |
| 4280.SR | Kingdom Holding Company | 3.45% | $0.27 | 61.01% |
| 4731.KL | Scientex Berhad | 3.45% | $0.12 | 35.19% |
| 600956.SS | China Suntien Green Energy Corporation Limited | 3.45% | $0.25 | 60.39% |
| 9310.T | Japan Transcity Corporation | 3.45% | $39.18 | 40.54% |
| A2B.AX | A2B Australia Limited | 3.45% | $0.05 | 10.73% |
| JUBILE.BK | Jubilee Enterprise Public Company Limited | 3.45% | $0.24 | 42.76% |
| OBS.DE | Orbis AG | 3.45% | $0.20 | 29.66% |
| SNGR.L | SNGN Romgaz S.A. | 3.45% | $0.35 | 45.29% |
| T.ME | IPJSC T-Technologies | 3.45% | $108.90 | 19.03% |
| 002546.SZ | Nanjing Xinlian Electronics Co., Ltd | 3.44% | $0.24 | 28.69% |
| 003010.KS | Haein Corporation | 3.44% | $184.30 | 18.44% |
| 1861.HK | Precious Dragon Technology Holdings Limited | 3.44% | $0.07 | 13.56% |
| 2M6.DE | Medtronic plc | 3.44% | $2.81 | 75.86% |
| 353810.KQ | EASY BIO,Inc. | 3.44% | $200.00 | 33.23% |
| 4523.T | Eisai Co., Ltd. | 3.44% | $160.17 | 91.46% |
| 8951.T | Nippon Building Fund Incorporation | 3.44% | $4,915.81 | 52.71% |
| OND.WA | Onde S.A. | 3.44% | $0.30 | 87.35% |
| 4540.T | Tsumura & Co. | 3.43% | $139.66 | 37.89% |
| 6764.TWO | Ace Edulink Co., Ltd. | 3.43% | $1.00 | 84.07% |
| 688366.SS | Shanghai Haohai Biological Technology Co., Ltd. | 3.43% | $1.51 | 89.50% |
| 9028.T | ZERO Co., Ltd. | 3.43% | $138.32 | 33.30% |
| MGLU3.SA | Magazine Luiza S.A. | 3.43% | $0.30 | 61.17% |
| 002555.SZ | 37 Interactive Entertainment Network Technology Group Co., Ltd. | 3.42% | $0.81 | 56.85% |
| 002993.SZ | Dongguan Aohai Technology Co., Ltd. | 3.42% | $1.50 | 79.56% |
| 2472.TW | Lelon Electronics Corp. | 3.42% | $4.02 | 55.54% |
| 3060.SR | Yanbu Cement Company | 3.42% | $0.50 | 71.47% |
| 3116.T | Toyota Boshoku Corporation | 3.42% | $85.98 | 81.58% |
| 4299.T | HIMACS, Ltd. | 3.42% | $44.95 | 43.10% |
| CGAS3.SA | Companhia de Gás de São Paulo - COMGÁS | 3.42% | $4.11 | 33.65% |
| HSN.AX | Hansen Technologies Limited | 3.42% | $0.18 | 57.93% |
| 2291.HK | LEPU ScienTech Medical Technology (Shanghai) Co., Ltd. | 3.41% | $0.56 | 38.72% |
| 3355.T | Kuriyama Holdings Corporation | 3.41% | $56.55 | 27.28% |
| 600638.SS | Shanghai New Huang Pu Industrial Group Co., Ltd. | 3.41% | $0.22 | 91.32% |
| OFSS.BO | Oracle Financial Services Software Limited | 3.41% | $263.67 | 97.03% |
| SVI.BK | SVI Public Company Limited | 3.41% | $0.25 | 62.32% |
| 2428.T | Wellnet Corporation | 3.40% | $22.01 | 38.29% |
| 600572.SS | Zhejiang CONBA Pharmaceutical Co.,Ltd. | 3.40% | $0.15 | 55.59% |
| 601216.SS | Inner Mongolia Junzheng Energy & Chemical Group Co.,Ltd. | 3.40% | $0.16 | 41.07% |
| 7447.T | Nagaileben Co., Ltd. | 3.40% | $61.11 | 73.38% |
| AHOG.DE | Koninklijke Ahold Delhaize N.V. | 3.40% | $1.19 | 51.79% |
| CRC-R.BK | Central Retail Corporation Public Company Limited | 3.40% | $0.61 | 52.01% |
| SSM.AX | Service Stream Limited | 3.40% | $0.08 | 53.67% |
| TGH | Textainer Group Holdings Limited | 3.40% | $1.70 | 34.66% |
| TRA.AX | Turners Automotive Group Limited | 3.40% | $0.24 | 39.34% |
| 0RD8.L | Xior Student Housing N.V. | 3.39% | $0.99 | 49.30% |