Definitive Analysis
| Stable Growth | $459,181.18 - $2,492,807.46 | $896,321.64 |
| Multi-Stage | $504,732.83 - $554,717.22 | $529,249.87 |
| Blended Fair Value | $712,785.76 | |
| Current Price | $39,300.00 | |
| Upside | 1,713.70% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 5.02% | -3.80% | 197.68 | 70.60 | 65.97 | 1,265.12 | 126.64 | 154.77 | 933.68 | 2,087.95 | 3,253.19 | 638.48 |
| YoY Growth | - | - | 180.00% | 7.03% | -94.79% | 898.99% | -18.18% | -83.42% | -55.28% | -35.82% | 409.52% | 119.21% |
| Dividend Yield | - | - | 0.91% | 0.32% | 0.37% | 5.59% | 0.55% | 0.80% | 3.08% | 6.36% | 7.00% | 1.06% |
| Net Income To Common (M) | 8,237,058.00 |
| (-) Cash Dividends Paid (M) | 256,967.00 |
| (=) Cash Retained (M) | 7,980,091.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 1,647,411.60 | 1,029,632.25 | 617,779.35 |
| Cash Retained (M) | 7,980,091.00 | 7,980,091.00 | 7,980,091.00 |
| (-) Cash Required (M) | -1,647,411.60 | -1,029,632.25 | -617,779.35 |
| (=) Excess Retained (M) | 6,332,679.40 | 6,950,458.75 | 7,362,311.65 |
| (/) Shares Outstanding (M) | 641.96 | 641.96 | 641.96 |
| (=) Excess Retained per Share | 9,864.54 | 10,826.87 | 11,468.42 |
| LTM Dividend per Share | 400.28 | 400.28 | 400.28 |
| (+) Excess Retained per Share | 9,864.54 | 10,826.87 | 11,468.42 |
| (=) Adjusted Dividend | 10,264.82 | 11,227.15 | 11,868.70 |
| WACC / Discount Rate | 5.32% | 5.32% | 5.32% |
| Growth Rate | 3.02% | 4.02% | 5.02% |
| Fair Value | $459,181.18 | $896,321.64 | $2,492,807.46 |
| Upside / Downside | 1,068.40% | 2,180.72% | 6,243.02% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 8,237,058.00 | 8,567,859.96 | 8,911,946.99 | 9,269,852.63 | 9,642,131.84 | 10,029,361.85 | 10,330,242.71 |
| Payout Ratio | 3.12% | 20.50% | 37.87% | 55.25% | 72.62% | 90.00% | 92.50% |
| Projected Dividends (M) | 256,967.00 | 1,756,044.27 | 3,375,113.60 | 5,121,395.03 | 7,002,494.99 | 9,026,425.67 | 9,555,474.50 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 5.32% | 5.32% | 5.32% |
| Growth Rate | 3.02% | 4.02% | 5.02% |
| Year 1 PV (M) | 1,651,329.20 | 1,667,359.03 | 1,683,388.86 |
| Year 2 PV (M) | 2,984,590.79 | 3,042,816.23 | 3,101,604.16 |
| Year 3 PV (M) | 4,258,757.14 | 4,383,987.12 | 4,511,648.31 |
| Year 4 PV (M) | 5,475,775.12 | 5,691,509.50 | 5,913,556.57 |
| Year 5 PV (M) | 6,637,534.74 | 6,966,010.64 | 7,307,364.09 |
| PV of Terminal Value (M) | 303,012,319.67 | 318,007,682.54 | 333,590,923.42 |
| Equity Value (M) | 324,020,306.66 | 339,759,365.06 | 356,108,485.40 |
| Shares Outstanding (M) | 641.96 | 641.96 | 641.96 |
| Fair Value | $504,732.83 | $529,249.87 | $554,717.22 |
| Upside / Downside | 1,184.31% | 1,246.69% | 1,311.49% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| 3269.T | Advance Residence Investment Corporation | 3.39% | $5,804.05 | 52.10% |
| CTZ.V | NamSys Inc. | 3.39% | $0.05 | 56.26% |
| FILTRA.BO | Filtra Consultants and Engineers Limited | 3.39% | $2.44 | 84.66% |
| INWI.ST | Inwido AB (publ) | 3.39% | $5.48 | 60.02% |
| 000422.SZ | Hubei Yihua Chemical Industry Co., Ltd. | 3.38% | $0.48 | 72.32% |
| 002318.SZ | Zhejiang Jiuli Hi-Tech Metals Co., Ltd. | 3.38% | $0.98 | 54.31% |
| 002533.SZ | Gold cup Electric Apparatus Co.,Ltd. | 3.38% | $0.42 | 50.59% |
| 003490.KS | Korean Air Lines Co., Ltd. | 3.38% | $750.26 | 29.70% |
| 600578.SS | Beijing Jingneng Power Co., Ltd. | 3.38% | $0.17 | 33.20% |
| 601811.SS | Xinhua Winshare Publishing and Media Co., Ltd. | 3.38% | $0.45 | 34.30% |
| 7270.T | Subaru Corporation | 3.38% | $114.78 | 27.17% |
| JHG | Janus Henderson Group plc | 3.38% | $1.61 | 46.72% |
| 002714.SZ | Muyuan Foods Co., Ltd. | 3.37% | $1.70 | 41.84% |
| 019210.KQ | YG-1 Co., Ltd. | 3.37% | $174.88 | 33.83% |
| 1954.T | Nippon Koei Co., Ltd. | 3.37% | $126.04 | 37.37% |
| 7TEC.BO | Saven Technologies Limited | 3.37% | $1.50 | 48.59% |
| 8252.T | Marui Group Co., Ltd. | 3.37% | $108.41 | 66.71% |
| 9739.T | NSW Inc. | 3.37% | $85.10 | 35.17% |
| 0JMU.L | technotrans SE | 3.36% | $1.15 | 52.64% |
| 4321.SR | Arabian Centres Company | 3.36% | $0.64 | 24.31% |
| 600141.SS | Hubei Xingfa Chemicals Group Co., Ltd. | 3.36% | $1.16 | 83.90% |
| 601825.SS | Shanghai Rural Commercial Bank Co., Ltd. | 3.36% | $0.31 | 24.33% |
| KC4.DE | KONE Oyj | 3.36% | $1.80 | 95.42% |
| OTEX | Open Text Corporation | 3.36% | $1.07 | 55.28% |
| 294870.KS | HDC Hyundai Development Company | 3.35% | $700.00 | 23.41% |
| 4212.T | Sekisui Jushi Corporation | 3.35% | $71.29 | 59.28% |
| B61.SI | Bukit Sembawang Estates Limited | 3.35% | $0.16 | 36.24% |
| CAMB.BR | Campine N.V. | 3.35% | $7.63 | 18.23% |
| ELIS.PA | Elis S.A. | 3.35% | $0.80 | 33.62% |
| KREATE.HE | Kreate Group Oyj | 3.35% | $0.43 | 79.17% |
| M12.DE | M1 Kliniken AG | 3.35% | $0.61 | 32.73% |
| XGR2.DE | Compass Group PLC | 3.35% | $0.90 | 61.67% |
| 004430.KS | Songwon Industrial Co., Ltd. | 3.34% | $301.24 | 33.59% |
| 0N66.L | ATOSS Software AG | 3.34% | $3.82 | 80.44% |
| 6219.TWO | Full Wang International Development Co., Ltd. | 3.34% | $0.67 | 77.89% |
| 9537.SR | Amwaj International Company | 3.34% | $1.00 | 94.38% |
| AMATAV.BK | Amata VN Public Company Limited | 3.34% | $0.06 | 21.41% |
| EOAN.DE | E.on Se | 3.34% | $0.55 | 47.88% |
| 030190.KQ | NICE Information Service Co., Ltd. | 3.33% | $331.95 | 38.71% |
| 089470.KS | HDC Hyundai Engineering Plastics Co., Ltd. | 3.33% | $140.01 | 11.49% |
| 2373.HK | Beauty Farm Medical and Health Industry Inc. | 3.33% | $0.88 | 41.42% |
| 600258.SS | BTG Hotels (Group) Co., Ltd. | 3.33% | $0.56 | 74.23% |
| 601518.SS | Jilin Expressway Co., Ltd. | 3.33% | $0.09 | 32.60% |
| 6584.T | Sanoh Industrial Co., Ltd. | 3.33% | $28.57 | 39.95% |
| 6843.TWO | JDV Control Valves Co., Ltd. | 3.33% | $1.90 | 85.01% |
| ARASE.IS | Dogu Aras Enerji Yatirimlari AS | 3.33% | $2.38 | 41.72% |
| AZA.ST | Avanza Bank Holding AB (publ) | 3.33% | $11.70 | 70.53% |
| BAY-R.BK | Bank of Ayudhya Public Company Limited | 3.33% | $0.87 | 20.61% |
| SL.MI | Sanlorenzo S.p.A. | 3.33% | $1.01 | 33.16% |
| STNG | Scorpio Tankers Inc. | 3.33% | $1.65 | 28.37% |