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 % ⇵ |
|---|---|---|---|---|
| 032560.KS | Hwang Kum Steel & Technology Co., Ltd | 3.18% | $186.82 | 16.67% |
| 036800.KQ | Nice Information & Telecommunication, Inc. | 3.18% | $810.09 | 15.68% |
| 0E9V.L | Energiekontor AG | 3.18% | $1.19 | 15.28% |
| 0OG6.L | Séché Environnement S.A. | 3.18% | $2.31 | 23.47% |
| BISI.JK | PT BISI International Tbk | 3.18% | $28.00 | 58.11% |
| ESSITY-A.ST | Essity AB (publ) | 3.18% | $8.31 | 46.35% |
| WDP.BR | Warehouses De Pauw | 3.18% | $0.70 | 43.49% |
| 002030.KS | Asia Holdings Co., Ltd. | 3.17% | $10,332.56 | 36.76% |
| 002532.SZ | Tianshan Aluminum Group Co., Ltd. | 3.17% | $0.51 | 50.09% |
| 012280.KS | Yeong Hwa Metal Co., Ltd. | 3.17% | $30.08 | 12.47% |
| 0QOB.L | Autoneum Holding AG | 3.17% | $5.31 | 38.94% |
| 0RV0.L | Reply S.p.A. | 3.17% | $3.15 | 42.92% |
| 8174.T | Nippon Gas Co., Ltd. | 3.17% | $94.14 | 80.69% |
| PTMP.JK | PT Mitra Pack Tbk | 3.17% | $2.66 | 77.22% |
| QGTS.QA | Qatar Gas Transport Company Limited (Nakilat) (QPSC) | 3.17% | $0.14 | 47.21% |
| YKBNK.IS | Yapi ve Kredi Bankasi A.S. | 3.17% | $1.21 | 22.97% |
| 003200.KS | Ilshin Spinning Co.,Ltd | 3.16% | $378.11 | 31.94% |
| 092730.KQ | NeoPharm Co. Ltd. | 3.16% | $600.63 | 33.76% |
| EALT3.SA | Electro Aço Altona S.A. | 3.16% | $0.46 | 9.60% |
| 028670.KS | Pan Ocean Co., Ltd. | 3.15% | $119.62 | 21.90% |
| 1508.HK | China Reinsurance (Group) Corporation | 3.15% | $0.06 | 11.64% |
| 2945.TW | Simple Mart Retail Co., Ltd. | 3.15% | $1.20 | 58.50% |
| 3167.T | TOKAI Holdings Corporation | 3.15% | $34.09 | 42.72% |
| ACLN.SW | Accelleron Industries AG | 3.15% | $1.94 | 53.11% |
| ALWEC.PA | We.Connect S.A. | 3.15% | $0.77 | 11.96% |
| PWH.AX | PWR Holdings Limited | 3.15% | $0.25 | 72.35% |
| 603115.SS | Nantong Haixing Electronics Co., Ltd. | 3.14% | $0.59 | 70.53% |
| 603730.SS | Shanghai Daimay Automotive Interior Co., Ltd | 3.14% | $0.27 | 94.69% |
| 6459.T | Daiwa Industries Ltd. | 3.14% | $49.90 | 46.32% |
| 7849.T | Starts Publishing Corporation | 3.14% | $119.62 | 31.71% |
| KDH.BK | Thonburi Medical Centre Public Company Limited | 3.14% | $2.54 | 32.51% |
| OISHI.BK | Oishi Group Public Company Limited | 3.14% | $1.60 | 48.61% |
| TAALA.HE | Taaleri Oyj | 3.14% | $0.24 | 33.28% |
| WIE.VI | Wienerberger AG | 3.14% | $0.95 | 55.36% |
| 2645.TW | Evergreen Aviation Technologies Corporation | 3.13% | $4.49 | 85.07% |
| 4561.TWO | Kenturn Nano. Tec. Co., Ltd. | 3.13% | $1.01 | 96.50% |
| 601330.SS | Dynagreen Environmental Protection Group Co., Ltd. | 3.13% | $0.21 | 41.43% |
| 603939.SS | Yifeng Pharmacy Chain Co., Ltd. | 3.13% | $0.68 | 50.18% |
| 6287.T | Sato Holdings Corporation | 3.13% | $75.18 | 34.02% |
| EUCA3.SA | Eucatex S.A. Indústria e Comércio | 3.13% | $0.65 | 21.57% |
| MAIRE.MI | Maire Tecnimont S.p.A. | 3.13% | $0.41 | 57.25% |
| MI-UN.TO | Minto Apartment Real Estate Investment Trust | 3.13% | $0.43 | 35.25% |
| 100120.KQ | Vieworks Co., Ltd. | 3.12% | $614.24 | 27.04% |
| 601200.SS | Shanghai Environment Group Co., Ltd | 3.12% | $0.25 | 56.81% |
| 9611.SR | Arabian United Float Glass Company | 3.12% | $1.00 | 25.86% |
| 000933.SZ | Henan Shenhuo Coal Industary and Electricity Power Corporation Limited Class A | 3.11% | $0.85 | 44.77% |
| 2402.TW | Ichia Technologies, Inc. | 3.11% | $1.97 | 78.30% |
| 600352.SS | Zhejiang Longsheng Group Co.,Ltd | 3.11% | $0.33 | 52.01% |
| 600529.SS | Shandong Pharmaceutical Glass Co., Ltd | 3.11% | $0.62 | 53.78% |
| 6416.TW | CASwell Inc. | 3.11% | $2.80 | 67.49% |