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 % ⇵ |
|---|---|---|---|---|
| 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% |