Definitive Analysis
| Stable Growth | $750,930.12 - $2,715,146.09 | $2,380,424.56 |
| Multi-Stage | $343,933.82 - $376,295.08 | $359,817.99 |
| Blended Fair Value | $1,370,121.27 | |
| Current Price | $87,200.00 | |
| Upside | 1,471.24% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 13.39% | 25.63% | 3,891.80 | 4,835.85 | 3,227.28 | 2,067.47 | 2,117.90 | 2,076.65 | 1,695.27 | 1,126.27 | 767.91 | 604.82 |
| YoY Growth | - | - | -19.52% | 49.84% | 56.10% | -2.38% | 1.99% | 22.50% | 50.52% | 46.67% | 26.97% | 52.21% |
| Dividend Yield | - | - | 6.53% | 8.57% | 7.93% | 4.25% | 4.95% | 8.99% | 4.51% | 2.46% | 2.08% | 2.44% |
| Net Income To Common (M) | 3,946,935.00 |
| (-) Cash Dividends Paid (M) | 1,341,315.00 |
| (=) Cash Retained (M) | 2,605,620.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 789,387.00 | 493,366.88 | 296,020.13 |
| Cash Retained (M) | 2,605,620.00 | 2,605,620.00 | 2,605,620.00 |
| (-) Cash Required (M) | -789,387.00 | -493,366.88 | -296,020.13 |
| (=) Excess Retained (M) | 1,816,233.00 | 2,112,253.13 | 2,309,599.88 |
| (/) Shares Outstanding (M) | 289.10 | 289.10 | 289.10 |
| (=) Excess Retained per Share | 6,282.39 | 7,306.33 | 7,988.95 |
| LTM Dividend per Share | 4,639.64 | 4,639.64 | 4,639.64 |
| (+) Excess Retained per Share | 6,282.39 | 7,306.33 | 7,988.95 |
| (=) Adjusted Dividend | 10,922.02 | 11,945.96 | 12,628.59 |
| WACC / Discount Rate | 7.03% | 7.03% | 7.03% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $750,930.12 | $2,380,424.56 | $2,715,146.09 |
| Upside / Downside | 761.16% | 2,629.84% | 3,013.70% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 3,946,935.00 | 4,203,485.78 | 4,476,712.35 | 4,767,698.65 | 5,077,599.07 | 5,407,643.00 | 5,569,872.30 |
| Payout Ratio | 33.98% | 45.19% | 56.39% | 67.59% | 78.80% | 90.00% | 92.50% |
| Projected Dividends (M) | 1,341,315.00 | 1,899,427.82 | 2,524,428.25 | 3,222,653.65 | 4,000,982.65 | 4,866,878.70 | 5,152,131.87 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 7.03% | 7.03% | 7.03% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 1,757,931.79 | 1,774,594.65 | 1,791,257.51 |
| Year 2 PV (M) | 2,162,327.54 | 2,203,513.81 | 2,245,088.62 |
| Year 3 PV (M) | 2,554,767.05 | 2,628,105.23 | 2,702,833.67 |
| Year 4 PV (M) | 2,935,510.01 | 3,048,401.44 | 3,164,518.10 |
| Year 5 PV (M) | 3,304,811.13 | 3,464,434.74 | 3,630,167.52 |
| PV of Terminal Value (M) | 86,715,661.30 | 90,904,060.17 | 95,252,758.92 |
| Equity Value (M) | 99,431,008.82 | 104,023,110.03 | 108,786,624.34 |
| Shares Outstanding (M) | 289.10 | 289.10 | 289.10 |
| Fair Value | $343,933.82 | $359,817.99 | $376,295.08 |
| Upside / Downside | 294.42% | 312.64% | 331.53% |
| 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% |