Definitive Analysis
| Stable Growth | $62.90 - $162.68 | $152.46 |
| Multi-Stage | $23.98 - $26.21 | $25.07 |
| Blended Fair Value | $88.76 | |
| Current Price | $3.34 | |
| Upside | 2,557.63% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 164.59% | 0.00% | 0.30 | 0.36 | 0.49 | 0.45 | 0.41 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| YoY Growth | - | - | -16.08% | -27.22% | 8.32% | 10.83% | 17,583.36% | 171.43% | 0.00% | 0.00% | 0.00% | 0.00% |
| Dividend Yield | - | - | 8.94% | 9.61% | 13.46% | 11.22% | 5.18% | 0.03% | 0.01% | 0.00% | 0.00% | 0.00% |
| Net Income To Common (M) | 249.78 |
| (-) Cash Dividends Paid (M) | 199.78 |
| (=) Cash Retained (M) | 50.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 49.96 | 31.22 | 18.73 |
| Cash Retained (M) | 50.00 | 50.00 | 50.00 |
| (-) Cash Required (M) | -49.96 | -31.22 | -18.73 |
| (=) Excess Retained (M) | 0.04 | 18.78 | 31.27 |
| (/) Shares Outstanding (M) | 305.34 | 305.34 | 305.34 |
| (=) Excess Retained per Share | 0.00 | 0.06 | 0.10 |
| LTM Dividend per Share | 0.65 | 0.65 | 0.65 |
| (+) Excess Retained per Share | 0.00 | 0.06 | 0.10 |
| (=) Adjusted Dividend | 0.65 | 0.72 | 0.76 |
| WACC / Discount Rate | 6.60% | 6.60% | 6.60% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $62.90 | $152.46 | $162.68 |
| Upside / Downside | 1,783.30% | 4,464.61% | 4,770.75% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 249.78 | 266.01 | 283.30 | 301.72 | 321.33 | 342.22 | 352.48 |
| Payout Ratio | 79.98% | 81.99% | 83.99% | 85.99% | 88.00% | 90.00% | 92.50% |
| Projected Dividends (M) | 199.78 | 218.09 | 237.95 | 259.46 | 282.76 | 307.99 | 326.05 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 6.60% | 6.60% | 6.60% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 202.67 | 204.59 | 206.52 |
| Year 2 PV (M) | 205.49 | 209.40 | 213.35 |
| Year 3 PV (M) | 208.22 | 214.20 | 220.29 |
| Year 4 PV (M) | 210.88 | 218.99 | 227.33 |
| Year 5 PV (M) | 213.46 | 223.77 | 234.48 |
| PV of Terminal Value (M) | 6,281.25 | 6,584.63 | 6,899.63 |
| Equity Value (M) | 7,321.98 | 7,655.60 | 8,001.60 |
| Shares Outstanding (M) | 305.34 | 305.34 | 305.34 |
| Fair Value | $23.98 | $25.07 | $26.21 |
| Upside / Downside | 617.95% | 650.66% | 684.59% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| 028050.KS | Samsung Engineering Co., Ltd. | 2.84% | $661.03 | 23.31% |
| 097520.KS | MCNEX Co., Ltd | 2.84% | $823.52 | 19.44% |
| 6187.TWO | All Ring Tech Co., Ltd. | 2.84% | $10.58 | 64.87% |
| CBAV3.SA | Companhia Brasileira de Alumínio | 2.84% | $0.20 | 55.55% |
| CWB.TO | Canadian Western Bank | 2.84% | $1.61 | 52.64% |
| GEPA3.SA | Rio Paranapanema Energia S.A. | 2.84% | $0.85 | 18.05% |
| VRANDA.BK | Veranda Resort Public Company Limited | 2.84% | $0.13 | 60.80% |
| 002823.SZ | Shenzhen Kaizhong Precision Technology Co., Ltd. | 2.83% | $0.45 | 63.43% |
| 002831.SZ | ShenZhen YUTO Packaging Technology Co., Ltd. | 2.83% | $0.81 | 49.61% |
| 006360.KS | GS Engineering & Construction Corporation | 2.83% | $532.69 | 91.52% |
| AEFES.IS | Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi | 2.83% | $0.45 | 25.40% |
| BTPN.JK | PT Bank SMBC Indonesia Tbk | 2.83% | $60.33 | 24.97% |
| NHY.OL | Norsk Hydro ASA | 2.83% | $2.25 | 46.34% |
| OSP2.DE | USU Software AG | 2.83% | $0.52 | 91.56% |
| 000850.KS | Hwacheon Machine Tool Co. Ltd | 2.82% | $1,050.00 | 33.65% |
| 2205.HK | Kangqiao Service Group Limited | 2.82% | $0.04 | 36.89% |
| 2458.HK | Gala Technology Holding Limited | 2.82% | $0.18 | 14.30% |
| 688526.SS | Wuhan Keqian Biology Co.,Ltd | 2.82% | $0.43 | 43.47% |
| 7148.KL | Duopharma Biotech Berhad | 2.82% | $0.04 | 40.32% |
| 8438.TW | Amia Co.,Ltd | 2.82% | $1.30 | 78.73% |
| 9304.T | The Shibusawa Warehouse Co., Ltd. | 2.82% | $35.90 | 36.66% |
| SANOFI.BO | Sanofi India Limited | 2.82% | $117.02 | 81.35% |
| 9742.T | INES Corporation | 2.81% | $54.87 | 87.98% |
| CNH | CNH Industrial N.V. | 2.81% | $0.26 | 55.11% |
| FLUG-B.CO | Flügger group A/S | 2.81% | $8.95 | 46.55% |
| LNF.TO | Leon's Furniture Limited | 2.81% | $0.79 | 31.40% |
| 2071.TWO | Chen Nan Iron Wire Co.,Ltd | 2.80% | $0.43 | 12.28% |
| 298690.KS | Air Busan Co., Ltd. | 2.80% | $49.26 | 10.96% |
| 6004.SR | CATRION Catering Holding Company | 2.80% | $2.29 | 55.90% |
| 603105.SS | Zhejiang Sunoren Solar Technology Co.,Ltd. | 2.80% | $0.26 | 66.36% |
| 6953.TWO | Gudeng Equipment Co., Ltd. | 2.80% | $5.99 | 78.26% |
| 7752.T | Ricoh Company, Ltd. | 2.80% | $38.53 | 35.99% |
| 8058.T | Mitsubishi Corporation | 2.80% | $100.52 | 49.75% |
| 9433.T | KDDI Corporation | 2.80% | $75.80 | 40.77% |
| MTEL.JK | PT Dayamitra Telekomunikasi Tbk. | 2.80% | $18.45 | 70.48% |
| 2027.TW | Ta Chen Stainless Pipe Co., Ltd. | 2.79% | $1.00 | 38.56% |
| 5032.KL | Bintulu Port Holdings Berhad | 2.79% | $0.15 | 50.65% |
| 600801.SS | Huaxin Cement Co., Ltd. | 2.79% | $0.68 | 48.06% |
| 6750.T | Elecom Co., Ltd. | 2.79% | $47.98 | 38.00% |
| 9607.SR | ASG Plastic Factory Co. | 2.79% | $1.20 | 28.09% |
| BNII.JK | PT Bank Maybank Indonesia Tbk | 2.79% | $5.86 | 28.55% |
| BTPS.JK | PT Bank BTPN Syariah Tbk | 2.79% | $33.70 | 22.52% |
| GLOBAL-R.BK | Siam Global House Public Company Limited | 2.79% | $0.18 | 46.58% |
| JST.DE | JOST Werke AG | 2.79% | $1.50 | 76.92% |
| KMDA | Kamada Ltd. | 2.79% | $0.20 | 56.42% |
| PSSA3.SA | Porto Seguro S.A. | 2.79% | $1.34 | 27.11% |
| 000950.KS | Chonbang Co., Ltd. | 2.78% | $1,000.76 | 3.75% |
| 001338.SZ | GDH Supertime Group Company Limited | 2.78% | $0.34 | 50.86% |
| 082920.KQ | VITZROCELL Co.,Ltd. | 2.78% | $459.92 | 17.96% |
| 600469.SS | Aeolus Tyre Co., Ltd. | 2.78% | $0.19 | 61.56% |