Definitive Analysis
| Stable Growth | $65,641.49 - $160,490.57 | $150,403.16 |
| Multi-Stage | $23,594.01 - $25,811.80 | $24,682.59 |
| Blended Fair Value | $87,542.87 | |
| Current Price | $5,775.00 | |
| Upside | 1,415.89% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 19.71% | 9.16% | 518.68 | 649.57 | 281.82 | 131.91 | 183.90 | 211.00 | 189.88 | 167.92 | 167.89 | 215.86 |
| YoY Growth | - | - | -20.15% | 130.49% | 113.65% | -28.27% | -12.84% | 11.12% | 13.08% | 0.01% | -22.22% | 0.00% |
| Dividend Yield | - | - | 10.54% | 12.49% | 4.70% | 2.01% | 3.49% | 5.41% | 2.61% | 2.30% | 1.95% | 2.98% |
| Net Income To Common (M) | 32,670,000.00 |
| (-) Cash Dividends Paid (M) | 16,426,000.00 |
| (=) Cash Retained (M) | 16,244,000.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 6,534,000.00 | 4,083,750.00 | 2,450,250.00 |
| Cash Retained (M) | 16,244,000.00 | 16,244,000.00 | 16,244,000.00 |
| (-) Cash Required (M) | -6,534,000.00 | -4,083,750.00 | -2,450,250.00 |
| (=) Excess Retained (M) | 9,710,000.00 | 12,160,250.00 | 13,793,750.00 |
| (/) Shares Outstanding (M) | 40,483.66 | 40,483.66 | 40,483.66 |
| (=) Excess Retained per Share | 239.85 | 300.37 | 340.72 |
| LTM Dividend per Share | 405.74 | 405.74 | 405.74 |
| (+) Excess Retained per Share | 239.85 | 300.37 | 340.72 |
| (=) Adjusted Dividend | 645.59 | 706.12 | 746.47 |
| WACC / Discount Rate | 6.54% | 6.54% | 6.54% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $65,641.49 | $150,403.16 | $160,490.57 |
| Upside / Downside | 1,036.65% | 2,504.38% | 2,679.06% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 32,670,000.00 | 34,793,550.00 | 37,055,130.75 | 39,463,714.25 | 42,028,855.67 | 44,760,731.29 | 46,103,553.23 |
| Payout Ratio | 50.28% | 58.22% | 66.17% | 74.11% | 82.06% | 90.00% | 92.50% |
| Projected Dividends (M) | 16,426,000.00 | 20,257,791.00 | 24,518,314.98 | 29,247,117.91 | 34,487,075.34 | 40,284,658.16 | 42,645,786.74 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 6.54% | 6.54% | 6.54% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 18,836,143.75 | 19,014,685.39 | 19,193,227.04 |
| Year 2 PV (M) | 21,197,782.89 | 21,601,541.12 | 22,009,108.38 |
| Year 3 PV (M) | 23,511,633.63 | 24,186,568.13 | 24,874,297.23 |
| Year 4 PV (M) | 25,778,402.79 | 26,769,767.42 | 27,789,454.63 |
| Year 5 PV (M) | 27,998,788.00 | 29,351,139.93 | 30,755,249.55 |
| PV of Terminal Value (M) | 837,849,403.43 | 878,317,842.90 | 920,335,104.81 |
| Equity Value (M) | 955,172,154.49 | 999,241,544.89 | 1,044,956,441.64 |
| Shares Outstanding (M) | 40,483.66 | 40,483.66 | 40,483.66 |
| Fair Value | $23,594.01 | $24,682.59 | $25,811.80 |
| Upside / Downside | 308.55% | 327.40% | 346.96% |
| 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% |