Definitive Analysis
| Stable Growth | $459,181.18 - $2,492,807.46 | $896,321.64 |
| Multi-Stage | $504,732.83 - $554,717.22 | $529,249.87 |
| Blended Fair Value | $712,785.76 | |
| Current Price | $39,300.00 | |
| Upside | 1,713.70% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 5.02% | -3.80% | 197.68 | 70.60 | 65.97 | 1,265.12 | 126.64 | 154.77 | 933.68 | 2,087.95 | 3,253.19 | 638.48 |
| YoY Growth | - | - | 180.00% | 7.03% | -94.79% | 898.99% | -18.18% | -83.42% | -55.28% | -35.82% | 409.52% | 119.21% |
| Dividend Yield | - | - | 0.91% | 0.32% | 0.37% | 5.59% | 0.55% | 0.80% | 3.08% | 6.36% | 7.00% | 1.06% |
| Net Income To Common (M) | 8,237,058.00 |
| (-) Cash Dividends Paid (M) | 256,967.00 |
| (=) Cash Retained (M) | 7,980,091.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 1,647,411.60 | 1,029,632.25 | 617,779.35 |
| Cash Retained (M) | 7,980,091.00 | 7,980,091.00 | 7,980,091.00 |
| (-) Cash Required (M) | -1,647,411.60 | -1,029,632.25 | -617,779.35 |
| (=) Excess Retained (M) | 6,332,679.40 | 6,950,458.75 | 7,362,311.65 |
| (/) Shares Outstanding (M) | 641.96 | 641.96 | 641.96 |
| (=) Excess Retained per Share | 9,864.54 | 10,826.87 | 11,468.42 |
| LTM Dividend per Share | 400.28 | 400.28 | 400.28 |
| (+) Excess Retained per Share | 9,864.54 | 10,826.87 | 11,468.42 |
| (=) Adjusted Dividend | 10,264.82 | 11,227.15 | 11,868.70 |
| WACC / Discount Rate | 5.32% | 5.32% | 5.32% |
| Growth Rate | 3.02% | 4.02% | 5.02% |
| Fair Value | $459,181.18 | $896,321.64 | $2,492,807.46 |
| Upside / Downside | 1,068.40% | 2,180.72% | 6,243.02% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 8,237,058.00 | 8,567,859.96 | 8,911,946.99 | 9,269,852.63 | 9,642,131.84 | 10,029,361.85 | 10,330,242.71 |
| Payout Ratio | 3.12% | 20.50% | 37.87% | 55.25% | 72.62% | 90.00% | 92.50% |
| Projected Dividends (M) | 256,967.00 | 1,756,044.27 | 3,375,113.60 | 5,121,395.03 | 7,002,494.99 | 9,026,425.67 | 9,555,474.50 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 5.32% | 5.32% | 5.32% |
| Growth Rate | 3.02% | 4.02% | 5.02% |
| Year 1 PV (M) | 1,651,329.20 | 1,667,359.03 | 1,683,388.86 |
| Year 2 PV (M) | 2,984,590.79 | 3,042,816.23 | 3,101,604.16 |
| Year 3 PV (M) | 4,258,757.14 | 4,383,987.12 | 4,511,648.31 |
| Year 4 PV (M) | 5,475,775.12 | 5,691,509.50 | 5,913,556.57 |
| Year 5 PV (M) | 6,637,534.74 | 6,966,010.64 | 7,307,364.09 |
| PV of Terminal Value (M) | 303,012,319.67 | 318,007,682.54 | 333,590,923.42 |
| Equity Value (M) | 324,020,306.66 | 339,759,365.06 | 356,108,485.40 |
| Shares Outstanding (M) | 641.96 | 641.96 | 641.96 |
| Fair Value | $504,732.83 | $529,249.87 | $554,717.22 |
| Upside / Downside | 1,184.31% | 1,246.69% | 1,311.49% |
| 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% |