Definitive Analysis
| Stable Growth | $2,726,766.70 - $3,212,593.17 | $3,010,670.28 |
| Multi-Stage | $781,435.26 - $857,071.51 | $818,550.36 |
| Blended Fair Value | $1,914,610.32 | |
| Current Price | $84,600.00 | |
| Upside | 2,163.13% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 3.50% | 10.23% | 957.79 | 957.79 | 907.72 | 850.12 | 851.76 | 806.50 | 731.04 | 740.97 | 452.10 | 452.10 |
| YoY Growth | - | - | 0.00% | 5.52% | 6.78% | -0.19% | 5.61% | 10.32% | -1.34% | 63.89% | 0.00% | 24.98% |
| Dividend Yield | - | - | 2.34% | 3.55% | 3.46% | 2.70% | 2.67% | 5.27% | 2.36% | 1.89% | 1.26% | 1.27% |
| Net Income To Common (M) | 1,243,530.00 |
| (-) Cash Dividends Paid (M) | 72,164.00 |
| (=) Cash Retained (M) | 1,171,366.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 248,706.00 | 155,441.25 | 93,264.75 |
| Cash Retained (M) | 1,171,366.00 | 1,171,366.00 | 1,171,366.00 |
| (-) Cash Required (M) | -248,706.00 | -155,441.25 | -93,264.75 |
| (=) Excess Retained (M) | 922,660.00 | 1,015,924.75 | 1,078,101.25 |
| (/) Shares Outstanding (M) | 76.98 | 76.98 | 76.98 |
| (=) Excess Retained per Share | 11,985.63 | 13,197.17 | 14,004.86 |
| LTM Dividend per Share | 937.43 | 937.43 | 937.43 |
| (+) Excess Retained per Share | 11,985.63 | 13,197.17 | 14,004.86 |
| (=) Adjusted Dividend | 12,923.06 | 14,134.60 | 14,942.29 |
| WACC / Discount Rate | 5.13% | 5.13% | 5.13% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $2,726,766.70 | $3,010,670.28 | $3,212,593.17 |
| Upside / Downside | 3,123.13% | 3,458.71% | 3,697.39% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 1,243,530.00 | 1,324,359.45 | 1,410,442.81 | 1,502,121.60 | 1,599,759.50 | 1,703,743.87 | 1,754,856.18 |
| Payout Ratio | 5.80% | 22.64% | 39.48% | 56.32% | 73.16% | 90.00% | 92.50% |
| Projected Dividends (M) | 72,164.00 | 299,868.43 | 556,869.54 | 846,013.85 | 1,170,394.15 | 1,533,369.48 | 1,623,241.97 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 5.13% | 5.13% | 5.13% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 282,557.56 | 285,235.83 | 287,914.10 |
| Year 2 PV (M) | 494,431.15 | 503,848.68 | 513,355.04 |
| Year 3 PV (M) | 707,792.60 | 728,110.78 | 748,814.13 |
| Year 4 PV (M) | 922,649.74 | 958,132.25 | 994,628.46 |
| Year 5 PV (M) | 1,139,010.47 | 1,194,025.11 | 1,251,145.28 |
| PV of Terminal Value (M) | 56,608,835.27 | 59,343,063.18 | 62,181,936.42 |
| Equity Value (M) | 60,155,276.79 | 63,012,415.81 | 65,977,793.44 |
| Shares Outstanding (M) | 76.98 | 76.98 | 76.98 |
| Fair Value | $781,435.26 | $818,550.36 | $857,071.51 |
| Upside / Downside | 823.68% | 867.55% | 913.09% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| 688009.SS | China Railway Signal & Communication Corporation Limited | 3.25% | $0.18 | 55.08% |
| ALMB.CO | Alm. Brand A/S | 3.25% | $0.60 | 69.79% |
| BUDI.JK | PT Budi Starch & Sweetener Tbk | 3.25% | $7.01 | 35.52% |
| 0398.HK | Oriental Watch Holdings Limited | 3.24% | $0.12 | 19.25% |
| 044820.KS | Cosmax BTI, Inc. | 3.24% | $449.62 | 35.33% |
| 8017.HK | TradeGo FinTech Limited | 3.24% | $0.05 | 45.22% |
| ALPM.PA | Precia S.A. | 3.24% | $0.86 | 32.45% |
| DGV.MI | Digital Value S.p.A. | 3.24% | $0.93 | 15.10% |
| ULTJ.JK | PT Ultrajaya Milk Industry & Trading Company Tbk | 3.24% | $46.50 | 39.75% |
| 004890.KS | Dongil Industries Co.,Ltd. | 3.23% | $1,262.87 | 23.13% |
| 5297.TWO | 3s Silicon Tech., Inc. | 3.23% | $0.92 | 61.02% |
| 600219.SS | Shandong Nanshan Aluminium Co.,Ltd. | 3.23% | $0.17 | 39.17% |
| 601018.SS | Ningbo Zhoushan Port Company Limited | 3.23% | $0.12 | 48.88% |
| 6448.T | Brother Industries, Ltd. | 3.23% | $100.95 | 46.67% |
| AZE.BR | Azelis Group N.V. | 3.23% | $0.30 | 24.74% |
| FDP | Fresh Del Monte Produce Inc. | 3.23% | $1.14 | 68.58% |
| FMM-B.ST | FM Mattsson Mora Group AB (publ) | 3.23% | $2.25 | 87.42% |
| ITECH.ST | I-Tech AB | 3.23% | $1.74 | 50.69% |
| MTY.TO | MTY Food Group Inc. | 3.23% | $1.24 | 73.76% |
| SKA-B.ST | Skanska AB (publ) | 3.23% | $8.31 | 55.80% |
| 1179.HK | H World Group Limited | 3.22% | $1.20 | 98.76% |
| 2745.TWO | Life Travel & Tourist Service Co., Ltd. | 3.22% | $3.48 | 41.20% |
| 3533.TW | Lotes Co., Ltd | 3.22% | $41.68 | 56.60% |
| 5908.KL | DKSH Holdings (Malaysia) Berhad | 3.22% | $0.19 | 20.93% |
| 600886.SS | SDIC Power Holdings Co., Ltd. | 3.22% | $0.42 | 51.34% |
| 603566.SS | Pulike Biological Engineering, Inc. | 3.22% | $0.40 | 95.20% |
| 9583.SR | United Mining Industries Co. | 3.22% | $1.45 | 81.04% |
| CBG-R.BK | Carabao Group Public Company Limited | 3.22% | $1.40 | 47.30% |
| ESF.VI | Eurofins Scientific SE | 3.22% | $2.01 | 62.22% |
| ETE.AT | National Bank of Greece S.A. | 3.22% | $0.44 | 36.82% |
| MOTV3.SA | Motiva S.A. | 3.22% | $0.48 | 33.62% |
| NCKL.JK | PT Trimegah Bangun Persada Tbk | 3.22% | $37.57 | 29.64% |
| TEA.AX | Tasmea Ltd | 3.22% | $0.13 | 38.34% |
| 002283.SZ | Tianrun Industry Technology Co., Ltd. | 3.21% | $0.20 | 65.38% |
| 004840.KS | DRB Holding Co., Ltd. | 3.21% | $160.40 | 26.30% |
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| 300406.SZ | Beijing Strong Biotechnologies, Inc. | 3.21% | $0.42 | 56.93% |
| 4088.T | Air Water Inc. | 3.21% | $72.44 | 32.93% |
| 603187.SS | Qingdao Hiron Commercial Cold Chain Co., Ltd. | 3.21% | $0.50 | 50.00% |
| 6250.T | Yamabiko Corporation | 3.21% | $95.31 | 27.60% |
| SKF-A.ST | AB SKF (publ) | 3.21% | $7.93 | 74.23% |
| 002441.SZ | Zhongyeda Electric Co., Ltd. | 3.20% | $0.30 | 77.91% |
| 002991.SZ | Ganyuan Foods Co., Ltd. | 3.20% | $1.82 | 65.31% |
| 300833.SZ | Guangzhou Haoyang Electronic Co.,Ltd. | 3.20% | $1.30 | 92.60% |
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| DAPS.BO | DAPS Advertising Ltd. | 3.19% | $0.65 | 14.79% |
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