Definitive Analysis
| Stable Growth | $92,131.91 - $175,812.47 | $164,762.03 |
| Multi-Stage | $27,365.16 - $29,963.16 | $28,640.25 |
| Blended Fair Value | $96,701.14 | |
| Current Price | $7,225.00 | |
| Upside | 1,238.42% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 9.32% | 6.52% | 267.00 | 257.00 | 278.00 | 278.00 | 278.00 | 171.00 | 302.00 | 235.00 | 168.00 | 220.00 |
| YoY Growth | - | - | 3.89% | -7.55% | 0.00% | 0.00% | 62.57% | -43.38% | 28.51% | 39.88% | -23.64% | 54.93% |
| Dividend Yield | - | - | 3.76% | 4.00% | 4.48% | 4.67% | 4.21% | 2.69% | 4.81% | 3.26% | 2.10% | 3.04% |
| Net Income To Common (M) | 7,762,205.00 |
| (-) Cash Dividends Paid (M) | 2,458,520.00 |
| (=) Cash Retained (M) | 5,303,685.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 1,552,441.00 | 970,275.63 | 582,165.38 |
| Cash Retained (M) | 5,303,685.00 | 5,303,685.00 | 5,303,685.00 |
| (-) Cash Required (M) | -1,552,441.00 | -970,275.63 | -582,165.38 |
| (=) Excess Retained (M) | 3,751,244.00 | 4,333,409.38 | 4,721,519.63 |
| (/) Shares Outstanding (M) | 8,780.43 | 8,780.43 | 8,780.43 |
| (=) Excess Retained per Share | 427.23 | 493.53 | 537.73 |
| LTM Dividend per Share | 280.00 | 280.00 | 280.00 |
| (+) Excess Retained per Share | 427.23 | 493.53 | 537.73 |
| (=) Adjusted Dividend | 707.23 | 773.53 | 817.73 |
| WACC / Discount Rate | 6.31% | 6.31% | 6.31% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $92,131.91 | $164,762.03 | $175,812.47 |
| Upside / Downside | 1,175.18% | 2,180.44% | 2,333.39% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 7,762,205.00 | 8,266,748.33 | 8,804,086.97 | 9,376,352.62 | 9,985,815.54 | 10,634,893.55 | 10,953,940.36 |
| Payout Ratio | 31.67% | 43.34% | 55.00% | 66.67% | 78.33% | 90.00% | 92.50% |
| Projected Dividends (M) | 2,458,520.00 | 3,582,673.74 | 4,842,580.22 | 6,251,137.74 | 7,822,347.84 | 9,571,404.19 | 10,132,394.83 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 6.31% | 6.31% | 6.31% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 3,338,386.59 | 3,370,030.07 | 3,401,673.54 |
| Year 2 PV (M) | 4,204,705.26 | 4,284,793.09 | 4,365,636.46 |
| Year 3 PV (M) | 5,057,631.35 | 5,202,817.77 | 5,350,756.46 |
| Year 4 PV (M) | 5,897,318.64 | 6,124,112.87 | 6,357,386.45 |
| Year 5 PV (M) | 6,723,919.32 | 7,048,687.14 | 7,385,884.59 |
| PV of Terminal Value (M) | 215,055,870.78 | 225,443,149.75 | 236,227,974.34 |
| Equity Value (M) | 240,277,831.95 | 251,473,590.69 | 263,089,311.84 |
| Shares Outstanding (M) | 8,780.43 | 8,780.43 | 8,780.43 |
| Fair Value | $27,365.16 | $28,640.25 | $29,963.16 |
| Upside / Downside | 278.76% | 296.40% | 314.71% |
| 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% |
| 241560.KS | Doosan Bobcat Inc. | 3.21% | $1,824.89 | 39.43% |
| 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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| 029530.KS | sindoh Co.,Ltd. | 3.19% | $1,500.14 | 29.67% |
| 0RL4.L | Catella AB (publ) | 3.19% | $0.91 | 47.34% |
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| DAPS.BO | DAPS Advertising Ltd. | 3.19% | $0.65 | 14.79% |
| PTPS.JK | PT Pulau Subur Tbk | 3.19% | $6.00 | 38.20% |