Definitive Analysis
| Stable Growth | $957,529.76 - $3,949,959.84 | $2,465,612.98 |
| Multi-Stage | $473,075.69 - $517,508.86 | $494,885.66 |
| Blended Fair Value | $1,480,249.32 | |
| Current Price | $100,700.00 | |
| Upside | 1,369.96% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 43.48% | 22.71% | 5,567.30 | 3,560.33 | 3,051.71 | 1,017.24 | 1,169.82 | 915.51 | 813.79 | 1,118.96 | 1,118.96 | 1,025.17 |
| YoY Growth | - | - | 56.37% | 16.67% | 200.00% | -13.04% | 27.78% | 12.50% | -27.27% | 0.00% | 9.15% | 42.53% |
| Dividend Yield | - | - | 6.03% | 3.28% | 3.77% | 1.37% | 1.41% | 3.52% | 2.30% | 3.61% | 3.02% | 2.12% |
| Net Income To Common (M) | 7,828,160.00 |
| (-) Cash Dividends Paid (M) | 2,559,045.00 |
| (=) Cash Retained (M) | 5,269,115.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 1,565,632.00 | 978,520.00 | 587,112.00 |
| Cash Retained (M) | 5,269,115.00 | 5,269,115.00 | 5,269,115.00 |
| (-) Cash Required (M) | -1,565,632.00 | -978,520.00 | -587,112.00 |
| (=) Excess Retained (M) | 3,703,483.00 | 4,290,595.00 | 4,682,003.00 |
| (/) Shares Outstanding (M) | 394.14 | 394.14 | 394.14 |
| (=) Excess Retained per Share | 9,396.44 | 10,886.05 | 11,879.13 |
| LTM Dividend per Share | 6,492.78 | 6,492.78 | 6,492.78 |
| (+) Excess Retained per Share | 9,396.44 | 10,886.05 | 11,879.13 |
| (=) Adjusted Dividend | 15,889.22 | 17,378.83 | 18,371.91 |
| WACC / Discount Rate | 7.25% | 7.25% | 7.25% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $957,529.76 | $2,465,612.98 | $3,949,959.84 |
| Upside / Downside | 850.87% | 2,348.47% | 3,822.50% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 7,828,160.00 | 8,336,990.40 | 8,878,894.78 | 9,456,022.94 | 10,070,664.43 | 10,725,257.62 | 11,047,015.34 |
| Payout Ratio | 32.69% | 44.15% | 55.61% | 67.08% | 78.54% | 90.00% | 92.50% |
| Projected Dividends (M) | 2,559,045.00 | 3,680,964.61 | 4,937,921.81 | 6,342,731.36 | 7,909,303.44 | 9,652,731.85 | 10,218,489.19 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 7.25% | 7.25% | 7.25% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 3,399,887.19 | 3,432,113.61 | 3,464,340.03 |
| Year 2 PV (M) | 4,212,597.23 | 4,292,835.38 | 4,373,830.48 |
| Year 3 PV (M) | 4,997,869.50 | 5,141,340.37 | 5,287,530.99 |
| Year 4 PV (M) | 5,756,383.19 | 5,977,757.45 | 6,205,456.21 |
| Year 5 PV (M) | 6,488,802.64 | 6,802,214.24 | 7,127,620.83 |
| PV of Terminal Value (M) | 161,601,094.57 | 169,406,487.86 | 177,510,611.93 |
| Equity Value (M) | 186,456,634.33 | 195,052,748.90 | 203,969,390.47 |
| Shares Outstanding (M) | 394.14 | 394.14 | 394.14 |
| Fair Value | $473,075.69 | $494,885.66 | $517,508.86 |
| Upside / Downside | 369.79% | 391.45% | 413.91% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| 600425.SS | Xinjiang Qingsong Building Materials and Chemicals (Group) Co, Ltd. | 2.99% | $0.12 | 76.32% |
| 605098.SS | Shanghai Action Education Technology CO.,LTD. | 2.99% | $1.25 | 51.61% |
| 6473.T | JTEKT Corporation | 2.99% | $51.92 | 84.17% |
| B2H.OL | B2Holding ASA | 2.99% | $0.21 | 21.39% |
| GENTERA.MX | Gentera, S.A.B. de C.V. | 2.99% | $1.36 | 28.15% |
| JYSK.CO | Jyske Bank A/S | 2.99% | $26.22 | 30.23% |
| MCGS.QA | Medicare Group Q.P.S.C. | 2.99% | $0.20 | 64.83% |
| 002003.SZ | Zhejiang Weixing Industrial Development Co., Ltd. | 2.98% | $0.32 | 55.93% |
| 0RHU.L | Flughafen Wien AG | 2.98% | $1.65 | 62.41% |
| 8914.T | Arealink Co., Ltd. | 2.98% | $31.69 | 44.83% |
| DXT.TO | Dexterra Group Inc. | 2.98% | $0.35 | 55.12% |
| NST.AX | Northern Star Resources Limited | 2.98% | $0.73 | 45.12% |
| 600704.SS | Wuchan Zhongda Group Co.,Ltd. | 2.97% | $0.17 | 22.55% |
| 8593.T | Mitsubishi HC Capital Inc. | 2.97% | $38.97 | 34.55% |
| KBL.TO | K-Bro Linen Inc. | 2.97% | $1.04 | 69.43% |
| O10.SI | Far East Orchard Limited | 2.97% | $0.04 | 30.11% |
| PLANB.BK | Plan B Media Public Company Limited | 2.97% | $0.12 | 46.85% |
| 005850.KS | SL Corporation | 2.96% | $1,235.83 | 18.10% |
| 6527.TWO | Crystalvue Medical Corporation | 2.96% | $2.24 | 40.94% |
| 9201.T | Japan Airlines Co., Ltd. | 2.96% | $85.89 | 30.05% |
| 9633.HK | Nongfu Spring Co., Ltd. | 2.96% | $1.43 | 61.73% |
| 9931.TW | Hsin Kao Gas Co.,Ltd. | 2.96% | $1.01 | 40.68% |
| FTS | Fortis Inc. | 2.96% | $1.54 | 47.07% |
| 035890.KQ | Seohee Construction Co., Ltd. | 2.95% | $47.87 | 7.53% |
| 3132.T | Macnica Fuji Electronics Holdings, Inc. | 2.95% | $70.52 | 56.32% |
| 600667.SS | Wuxi Taiji Industry Limited Corporation | 2.95% | $0.23 | 83.84% |
| 603577.SS | Qingdao Huijintong Power Equipment Co.,Ltd. | 2.95% | $0.31 | 79.62% |
| 603699.SS | Neway Valve (Suzhou) Co., Ltd. | 2.95% | $1.53 | 81.92% |
| 000020.KS | Dongwha Pharm.Co.,Ltd | 2.94% | $182.44 | 65.71% |
| 000895.SZ | Henan Shuanghui Investment & Development Co.,Ltd. | 2.94% | $0.78 | 52.50% |
| 002540.SZ | Jiangsu Asia-Pacific Light Alloy Technology Co., Ltd. | 2.94% | $0.21 | 63.05% |
| 013120.KQ | DongWon Development Co.,Ltd. | 2.94% | $80.92 | 85.28% |
| 107590.KS | Miwon Holdings Co., Ltd. | 2.94% | $1,985.59 | 19.06% |
| 6779.T | Nihon Dempa Kogyo Co., Ltd. | 2.94% | $30.05 | 58.30% |
| 8084.T | Ryoden Corporation | 2.94% | $106.29 | 46.57% |
| 8890.T | Raysum Co., Ltd. | 2.94% | $173.16 | 50.05% |
| 9303.T | The Sumitomo Warehouse Co., Ltd. | 2.94% | $104.40 | 36.71% |
| APZ.AX | Aspen Group | 2.94% | $0.16 | 31.96% |
| FSECURE.HE | F-Secure Oyj | 2.94% | $0.06 | 45.60% |
| RELAIS.HE | Relais Group Oyj | 2.94% | $0.50 | 54.01% |
| 0QN2.L | Interroll Holding AG | 2.93% | $63.83 | 41.54% |
| 3515.TW | ASROCK Incorporation | 2.93% | $7.30 | 57.65% |
| 601619.SS | Ningxia Jiaze Renewables Corporation Limited | 2.93% | $0.13 | 56.17% |
| 8508.T | J Trust Co., Ltd. | 2.93% | $13.97 | 39.79% |
| 000166.SZ | Shenwan Hongyuan Group Co., Ltd. | 2.92% | $0.15 | 41.10% |
| 002299.SZ | Fujian Sunner Development Co., Ltd. | 2.92% | $0.48 | 39.69% |
| 4949.TW | Win Win Precision Technology Co., Ltd. | 2.92% | $1.08 | 55.94% |
| 5386.T | Tsuruya Co., Ltd. | 2.92% | $11.98 | 57.58% |
| 600267.SS | Zhejiang Hisun Pharmaceutical Co., Ltd. | 2.92% | $0.29 | 61.49% |
| 600758.SS | LIAONING ENERGY INDUSTRY Co.,LTD | 2.92% | $0.11 | 69.99% |