Definitive Analysis
| Stable Growth | $2,212,328.40 - $2,606,497.70 | $2,442,670.06 |
| Multi-Stage | $627,884.85 - $688,547.32 | $657,652.68 |
| Blended Fair Value | $1,550,161.37 | |
| Current Price | $113,500.00 | |
| Upside | 1,265.78% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 23.44% | 29.23% | 2,870.25 | 226.95 | 353.16 | 1,763.37 | 1,094.32 | 1,001.52 | 1,120.69 | 842.11 | 681.74 | 326.16 |
| YoY Growth | - | - | 1,164.70% | -35.74% | -79.97% | 61.14% | 9.27% | -10.63% | 33.08% | 23.52% | 109.02% | 47.58% |
| Dividend Yield | - | - | 2.35% | 0.28% | 0.91% | 4.34% | 6.36% | 9.72% | 7.86% | 5.69% | 5.61% | 2.64% |
| Net Income To Common (M) | 2,329,894.39 |
| (-) Cash Dividends Paid (M) | 285,347.12 |
| (=) Cash Retained (M) | 2,044,547.27 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 465,978.88 | 291,236.80 | 174,742.08 |
| Cash Retained (M) | 2,044,547.27 | 2,044,547.27 | 2,044,547.27 |
| (-) Cash Required (M) | -465,978.88 | -291,236.80 | -174,742.08 |
| (=) Excess Retained (M) | 1,578,568.40 | 1,753,310.48 | 1,869,805.19 |
| (/) Shares Outstanding (M) | 177.77 | 177.77 | 177.77 |
| (=) Excess Retained per Share | 8,879.82 | 9,862.79 | 10,518.10 |
| LTM Dividend per Share | 1,605.15 | 1,605.15 | 1,605.15 |
| (+) Excess Retained per Share | 8,879.82 | 9,862.79 | 10,518.10 |
| (=) Adjusted Dividend | 10,484.97 | 11,467.93 | 12,123.25 |
| WACC / Discount Rate | 5.16% | 5.16% | 5.16% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $2,212,328.40 | $2,442,670.06 | $2,606,497.70 |
| Upside / Downside | 1,849.19% | 2,052.13% | 2,196.47% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 2,329,894.39 | 2,481,337.53 | 2,642,624.47 | 2,814,395.06 | 2,997,330.74 | 3,192,157.23 | 3,287,921.95 |
| Payout Ratio | 12.25% | 27.80% | 43.35% | 58.90% | 74.45% | 90.00% | 92.50% |
| Projected Dividends (M) | 285,347.12 | 689,756.50 | 1,145,533.51 | 1,657,647.31 | 2,231,496.02 | 2,872,941.51 | 3,041,327.80 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 5.16% | 5.16% | 5.16% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 649,780.11 | 655,939.16 | 662,098.21 |
| Year 2 PV (M) | 1,016,597.45 | 1,035,960.78 | 1,055,506.77 |
| Year 3 PV (M) | 1,385,810.86 | 1,425,592.51 | 1,466,128.29 |
| Year 4 PV (M) | 1,757,432.10 | 1,825,017.97 | 1,894,534.73 |
| Year 5 PV (M) | 2,131,472.97 | 2,234,423.91 | 2,341,315.03 |
| PV of Terminal Value (M) | 104,678,153.19 | 109,734,147.13 | 114,983,645.85 |
| Equity Value (M) | 111,619,246.67 | 116,911,081.45 | 122,403,228.89 |
| Shares Outstanding (M) | 177.77 | 177.77 | 177.77 |
| Fair Value | $627,884.85 | $657,652.68 | $688,547.32 |
| Upside / Downside | 453.20% | 479.43% | 506.65% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| 603600.SS | UE Furniture Co., Ltd. | 3.04% | $0.36 | 45.42% |
| 6725.TWO | Cica-Huntek Chemical Technology Taiwan Co., Ltd. | 3.04% | $8.66 | 29.24% |
| 7736.TWO | Hushan | 3.04% | $2.73 | 34.63% |
| 9631.SR | Hedab Alkhaleej Trading Co. | 3.04% | $0.93 | 15.05% |
| EMBELL.ST | Embellence Group AB (publ) | 3.04% | $1.23 | 45.31% |
| HBH.DE | HORNBACH Holding AG & Co. KGaA | 3.04% | $2.50 | 26.39% |
| S68.SI | Singapore Exchange Limited | 3.04% | $0.52 | 44.77% |
| 000563.SZ | Shaanxi International Trust Co.,Ltd. | 3.03% | $0.10 | 37.59% |
| 000651.SZ | Gree Electric Appliances, Inc. of Zhuhai | 3.03% | $1.22 | 21.25% |
| 002588.SZ | Stanley Agriculture Group Co.,Ltd. | 3.03% | $0.30 | 35.63% |
| 2890.TW | SinoPac Financial Holdings Company Limited | 3.03% | $0.87 | 47.46% |
| 300146.SZ | By-health Co., Ltd. | 3.03% | $0.36 | 88.13% |
| AN3PJ.AX | ANZ Group Holdings Limited | 3.03% | $3.14 | 74.08% |
| SBMA.JK | PT Surya Biru Murni Acetylene Tbk | 3.03% | $4.00 | 26.88% |
| 003008.SZ | Xuchang KETOP Testing Research Institute Co.,Ltd | 3.02% | $0.65 | 77.32% |
| 350520.KS | IGIS RESIDENCE REIT Co., Ltd. | 3.02% | $115.51 | 29.71% |
| 5249.KL | IOI Properties Group Berhad | 3.02% | $0.08 | 26.55% |
| 601609.SS | Ningbo Jintian Copper(Group) Co., Ltd. | 3.02% | $0.33 | 65.77% |
| 6667.TWO | Trusval Technology Co., Ltd. | 3.02% | $8.12 | 65.45% |
| 9202.T | ANA Holdings Inc. | 3.02% | $89.92 | 31.71% |
| AXFO.ST | Axfood AB (publ) | 3.02% | $8.71 | 88.81% |
| EQTL3.SA | Equatorial Energia S.A. | 3.02% | $1.16 | 43.16% |
| GARAN.IS | Turkiye Garanti Bankasi A.S. | 3.02% | $4.52 | 17.50% |
| IMO | Imperial Oil Limited | 3.02% | $2.69 | 33.94% |
| JEN.BR | Jensen-Group N.V. | 3.02% | $1.79 | 19.29% |
| 002116.SZ | China Haisum Engineering Co., Ltd. | 3.01% | $0.31 | 40.43% |
| 007210.KS | Byucksan Corporation | 3.01% | $52.24 | 17.82% |
| 0QO7.L | Barry Callebaut AG | 3.01% | $57.90 | 84.65% |
| 0R8X.L | Plazza AG | 3.01% | $12.50 | 35.89% |
| 1837.HK | Natural Food International Holding Limited | 3.01% | $0.03 | 22.72% |
| 280360.KS | Lotte Wellfood Co.,Ltd | 3.01% | $3,368.64 | 47.78% |
| 7236.T | T.RAD Co., Ltd. | 3.01% | $247.29 | 25.88% |
| ARJO-B.ST | Arjo AB (publ) | 3.01% | $0.95 | 59.13% |
| FAE.MC | Faes Farma, S.A. | 3.01% | $0.16 | 38.53% |
| 000582.SZ | Beibu Gulf Port Co., Ltd. | 3.00% | $0.28 | 61.06% |
| 5227.KL | IGB Real Estate Investment Trust | 3.00% | $0.08 | 49.35% |
| 600989.SS | Ningxia Baofeng Energy Group Co., Ltd. | 3.00% | $0.59 | 39.72% |
| 601058.SS | Sailun Group Co., Ltd. | 3.00% | $0.49 | 42.76% |
| 9147.T | Nippon Express Holdings,Inc. | 3.00% | $100.57 | 80.85% |
| EUROB.AT | Eurobank Ergasias Services and Holdings S.A. | 3.00% | $0.11 | 28.68% |
| KLBF.JK | PT Kalbe Farma Tbk. | 3.00% | $36.10 | 46.82% |
| KNOP | KNOT Offshore Partners LP | 3.00% | $0.31 | 31.19% |
| SANT.DE | Kontron AG | 3.00% | $0.58 | 26.01% |
| 000932.SZ | Hunan Valin Steel Co., Ltd. | 2.99% | $0.17 | 41.58% |
| 002039.SZ | GuiZhou QianYuan Power Co., Ltd. | 2.99% | $0.54 | 52.04% |
| 028100.KS | Dong-Ah Geological Engineering Company Ltd. | 2.99% | $509.71 | 41.84% |
| 0R6S.L | Zehnder Group AG | 2.99% | $2.44 | 66.50% |
| 2658.KL | Ajinomoto (Malaysia) Bhd | 2.99% | $0.41 | 44.56% |
| 3486.T | Global Link Management Inc. | 2.99% | $63.66 | 16.66% |
| 4002.SR | Mouwasat Medical Services Company | 2.99% | $2.00 | 52.94% |