Definitive Analysis
| Stable Growth | $1,494,961.02 - $5,272,633.59 | $4,941,229.85 |
| Multi-Stage | $670,230.13 - $733,559.72 | $701,313.71 |
| Blended Fair Value | $2,821,271.78 | |
| Current Price | $138,500.00 | |
| Upside | 1,937.02% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 20.45% | 16.82% | 5,319.83 | 4,631.37 | 3,604.16 | 2,231.24 | 1,697.16 | 2,098.44 | 2,438.36 | 1,811.45 | 1,702.53 | 1,597.30 |
| YoY Growth | - | - | 14.87% | 28.50% | 61.53% | 31.47% | -19.12% | -13.94% | 34.61% | 6.40% | 6.59% | 42.14% |
| Dividend Yield | - | - | 6.00% | 4.97% | 4.81% | 3.19% | 3.59% | 6.04% | 3.51% | 2.79% | 2.66% | 2.10% |
| Net Income To Common (M) | 1,594,728.08 |
| (-) Cash Dividends Paid (M) | 409,176.00 |
| (=) Cash Retained (M) | 1,185,552.08 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 318,945.62 | 199,341.01 | 119,604.61 |
| Cash Retained (M) | 1,185,552.08 | 1,185,552.08 | 1,185,552.08 |
| (-) Cash Required (M) | -318,945.62 | -199,341.01 | -119,604.61 |
| (=) Excess Retained (M) | 866,606.46 | 986,211.07 | 1,065,947.47 |
| (/) Shares Outstanding (M) | 60.15 | 60.15 | 60.15 |
| (=) Excess Retained per Share | 14,407.30 | 16,395.73 | 17,721.34 |
| LTM Dividend per Share | 6,802.54 | 6,802.54 | 6,802.54 |
| (+) Excess Retained per Share | 14,407.30 | 16,395.73 | 17,721.34 |
| (=) Adjusted Dividend | 21,209.84 | 23,198.26 | 24,523.88 |
| WACC / Discount Rate | 7.00% | 7.00% | 7.00% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $1,494,961.02 | $4,941,229.85 | $5,272,633.59 |
| Upside / Downside | 979.39% | 3,467.67% | 3,706.96% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 1,594,728.08 | 1,698,385.40 | 1,808,780.46 | 1,926,351.19 | 2,051,564.01 | 2,184,915.67 | 2,250,463.14 |
| Payout Ratio | 25.66% | 38.53% | 51.39% | 64.26% | 77.13% | 90.00% | 92.50% |
| Projected Dividends (M) | 409,176.00 | 654,327.32 | 929,619.55 | 1,237,935.24 | 1,582,404.32 | 1,966,424.11 | 2,081,678.41 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 7.00% | 7.00% | 7.00% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 605,797.08 | 611,539.23 | 617,281.38 |
| Year 2 PV (M) | 796,836.98 | 812,014.49 | 827,335.18 |
| Year 3 PV (M) | 982,413.39 | 1,010,614.95 | 1,039,351.12 |
| Year 4 PV (M) | 1,162,641.77 | 1,207,353.69 | 1,253,343.00 |
| Year 5 PV (M) | 1,337,635.45 | 1,402,243.74 | 1,469,324.74 |
| PV of Terminal Value (M) | 35,429,353.06 | 37,140,604.06 | 38,917,348.66 |
| Equity Value (M) | 40,314,677.72 | 42,184,370.15 | 44,123,984.08 |
| Shares Outstanding (M) | 60.15 | 60.15 | 60.15 |
| Fair Value | $670,230.13 | $701,313.71 | $733,559.72 |
| Upside / Downside | 383.92% | 406.36% | 429.65% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| PRN.AX | Perenti Limited | 3.11% | $0.09 | 39.25% |
| S11.BK | S 11 Group Public Company Limited | 3.11% | $0.10 | 17.73% |
| SPKSJF.CO | Sparekassen Sjælland-Fyn A/S | 3.11% | $11.82 | 30.81% |
| 0QQT.L | Edisun Power Europe AG | 3.10% | $1.61 | 8.38% |
| 117580.KS | Daesung Energy Co., Ltd. | 3.10% | $248.58 | 25.96% |
| 5851.T | Ryobi Limited | 3.10% | $84.87 | 41.68% |
| 601952.SS | Jiangsu Provincial Agricultural Reclamation and Development Co.,Ltd. | 3.10% | $0.28 | 67.42% |
| 7242.T | KYB Corporation | 3.10% | $138.54 | 23.69% |
| 8206.KL | Eco World Development Group Berhad | 3.10% | $0.07 | 55.27% |
| EGR1T.TL | Enefit Green AS | 3.10% | $0.11 | 47.44% |
| ROU.BR | Roularta Media Group N.V. | 3.10% | $0.37 | 63.60% |
| 021240.KS | COWAY Co., Ltd. | 3.09% | $2,641.43 | 32.91% |
| 032830.KS | Samsung Life Insurance Co., Ltd. | 3.09% | $4,826.37 | 39.72% |
| 4809.T | Paraca Inc. | 3.09% | $62.83 | 32.24% |
| ACKB.BR | Ackermans & Van Haaren N.V. | 3.09% | $7.19 | 24.51% |
| BRCR11.SA | Fundo de Investimento Imobiliário - FII BTG Pactual Corporate Office Fund | 3.09% | $1.43 | 81.27% |
| ICL | ICL Group Ltd | 3.09% | $0.18 | 62.52% |
| LPP.WA | LPP S.A. | 3.09% | $654.92 | 67.31% |
| MINT-R.BK | Minor International Public Company Limited | 3.09% | $0.75 | 58.46% |
| SSMS.JK | PT Sawit Sumbermas Sarana Tbk. | 3.09% | $47.90 | 37.66% |
| TKNO4.SA | Tekno S.A. Indústria e Comércio | 3.09% | $6.28 | 52.08% |
| 002772.SZ | Tianshui Zhongxing Bio-technology Co.,Ltd. | 3.08% | $0.45 | 69.10% |
| 008490.KS | Suheung Co., Ltd. | 3.08% | $663.13 | 17.93% |
| 015750.KQ | Sungwoo Hitech Co., Ltd. | 3.08% | $209.43 | 9.11% |
| 0KIZ.L | New Wave Group AB (publ) | 3.08% | $3.50 | 56.51% |
| 3696.T | Ceres Inc. | 3.08% | $59.86 | 29.20% |
| 9535.SR | Ladun Investment Company | 3.08% | $0.08 | 33.54% |
| BAMNB.AS | Koninklijke BAM Groep nv | 3.08% | $0.30 | 26.44% |
| 002500.SZ | Shanxi Securities Co., Ltd. | 3.07% | $0.18 | 72.43% |
| 1734.TW | Sinphar Pharmaceutical Co.,Ltd. | 3.07% | $0.94 | 54.13% |
| 603035.SS | Jiangsu Changshu Automotive Trim Group Co., Ltd. | 3.07% | $0.47 | 44.81% |
| 688029.SS | Micro-Tech (Nanjing) Co., Ltd. | 3.07% | $2.50 | 76.50% |
| 9622.SR | Shmoh Almadi Co. | 3.07% | $0.27 | 53.61% |
| 4423.T | ARTERIA Networks Corporation | 3.06% | $60.53 | 52.12% |
| COH.AX | Cochlear Limited | 3.06% | $7.99 | 70.26% |
| GEBKA.AT | General Commercial & Industrial S.A. | 3.06% | $0.08 | 62.96% |
| KAT.AX | Katana Capital Limited | 3.06% | $0.04 | 26.99% |
| KBSPIF.BK | Khonburi Sugar Power Plant Infrastructure Fund | 3.06% | $0.25 | 19.88% |
| 002001.SZ | Zhejiang NHU Company Ltd. | 3.05% | $0.77 | 32.74% |
| 008560.KS | Meritz Securities Co., Ltd. | 3.05% | $185.97 | 14.12% |
| 0826.HK | Tiangong International Company Limited | 3.05% | $0.10 | 37.07% |
| 339770.KS | Kyochon Food&Beverage Co., Ltd. | 3.05% | $130.85 | 48.67% |
| 600511.SS | China National Medicines Corporation Ltd. | 3.05% | $0.88 | 32.88% |
| 6902.T | DENSO Corporation | 3.05% | $65.90 | 45.39% |
| BGRIM-R.BK | B.Grimm Power Public Company Limited | 3.05% | $0.43 | 56.94% |
| CSMG3.SA | Companhia de Saneamento de Minas Gerais | 3.05% | $1.33 | 37.21% |
| PIHLIS.HE | Pihlajalinna Oyj | 3.05% | $0.44 | 24.32% |
| 0EXG.IL | Jerónimo Martins, SGPS, S.A. | 3.04% | $0.62 | 63.09% |
| 0NX2.L | ABB Ltd | 3.04% | $1.05 | 43.06% |
| 4204.T | Sekisui Chemical Co., Ltd. | 3.04% | $80.02 | 46.81% |