Definitive Analysis
| Stable Growth | $30,848.92 - $111,321.37 | $98,152.05 |
| Multi-Stage | $14,470.10 - $15,811.66 | $15,128.66 |
| Blended Fair Value | $56,640.36 | |
| Current Price | $4,120.00 | |
| Upside | 1,274.77% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 22.74% | 14.43% | 280.46 | 196.50 | 73.09 | 22.00 | 103.18 | 100.70 | 127.85 | 106.46 | 60.81 | 72.31 |
| YoY Growth | - | - | 42.73% | 168.84% | 232.23% | -78.68% | 2.46% | -21.23% | 20.09% | 75.07% | -15.91% | -0.76% |
| Dividend Yield | - | - | 6.61% | 3.48% | 1.56% | 0.53% | 3.60% | 5.27% | 2.72% | 2.45% | 1.88% | 2.78% |
| Net Income To Common (M) | 20,866,036.00 |
| (-) Cash Dividends Paid (M) | 13,951,339.00 |
| (=) Cash Retained (M) | 6,914,697.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 4,173,207.20 | 2,608,254.50 | 1,564,952.70 |
| Cash Retained (M) | 6,914,697.00 | 6,914,697.00 | 6,914,697.00 |
| (-) Cash Required (M) | -4,173,207.20 | -2,608,254.50 | -1,564,952.70 |
| (=) Excess Retained (M) | 2,741,489.80 | 4,306,442.50 | 5,349,744.30 |
| (/) Shares Outstanding (M) | 37,277.06 | 37,277.06 | 37,277.06 |
| (=) Excess Retained per Share | 73.54 | 115.53 | 143.51 |
| LTM Dividend per Share | 374.26 | 374.26 | 374.26 |
| (+) Excess Retained per Share | 73.54 | 115.53 | 143.51 |
| (=) Adjusted Dividend | 447.80 | 489.79 | 517.77 |
| WACC / Discount Rate | 7.03% | 7.03% | 7.03% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $30,848.92 | $98,152.05 | $111,321.37 |
| Upside / Downside | 648.76% | 2,282.33% | 2,601.98% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 20,866,036.00 | 22,222,328.34 | 23,666,779.68 | 25,205,120.36 | 26,843,453.18 | 28,588,277.64 | 29,445,925.97 |
| Payout Ratio | 66.86% | 71.49% | 76.12% | 80.74% | 85.37% | 90.00% | 92.50% |
| Projected Dividends (M) | 13,951,339.00 | 15,886,559.93 | 18,014,415.17 | 20,351,770.88 | 22,916,871.93 | 25,729,449.88 | 27,237,481.52 |
| 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) | 14,703,520.69 | 14,842,890.55 | 14,982,260.42 |
| Year 2 PV (M) | 15,431,321.19 | 15,725,244.51 | 16,021,940.70 |
| Year 3 PV (M) | 16,135,284.21 | 16,598,470.23 | 17,070,436.77 |
| Year 4 PV (M) | 16,815,942.90 | 17,462,636.61 | 18,127,805.90 |
| Year 5 PV (M) | 17,473,820.03 | 18,317,812.07 | 19,194,105.68 |
| PV of Terminal Value (M) | 458,842,663.38 | 481,004,935.59 | 504,015,410.12 |
| Equity Value (M) | 539,402,552.39 | 563,951,989.56 | 589,411,959.58 |
| Shares Outstanding (M) | 37,277.06 | 37,277.06 | 37,277.06 |
| Fair Value | $14,470.10 | $15,128.66 | $15,811.66 |
| Upside / Downside | 251.22% | 267.20% | 283.78% |
| 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% |