Definitive Analysis
| Stable Growth | $2,637,521.73 - $3,107,447.47 | $2,912,133.36 |
| Multi-Stage | $717,757.41 - $786,852.90 | $751,664.47 |
| Blended Fair Value | $1,831,898.92 | |
| Current Price | $115,500.00 | |
| Upside | 1,486.06% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 14.18% | 22.64% | 4,002.68 | 3,100.71 | 3,870.17 | 2,643.04 | 2,317.91 | 2,062.61 | 2,063.90 | 1,340.44 | 1,019.19 | 811.19 |
| YoY Growth | - | - | 29.09% | -19.88% | 46.43% | 14.03% | 12.38% | -0.06% | 53.97% | 31.52% | 25.64% | 56.00% |
| Dividend Yield | - | - | 5.07% | 4.53% | 8.12% | 4.31% | 4.12% | 5.97% | 4.69% | 2.21% | 2.08% | 2.55% |
| Net Income To Common (M) | 5,804,665.00 |
| (-) Cash Dividends Paid (M) | 1,316,794.00 |
| (=) Cash Retained (M) | 4,487,871.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 1,160,933.00 | 725,583.13 | 435,349.88 |
| Cash Retained (M) | 4,487,871.00 | 4,487,871.00 | 4,487,871.00 |
| (-) Cash Required (M) | -1,160,933.00 | -725,583.13 | -435,349.88 |
| (=) Excess Retained (M) | 3,326,938.00 | 3,762,287.88 | 4,052,521.13 |
| (/) Shares Outstanding (M) | 371.50 | 371.50 | 371.50 |
| (=) Excess Retained per Share | 8,955.53 | 10,127.41 | 10,908.67 |
| LTM Dividend per Share | 3,544.58 | 3,544.58 | 3,544.58 |
| (+) Excess Retained per Share | 8,955.53 | 10,127.41 | 10,908.67 |
| (=) Adjusted Dividend | 12,500.10 | 13,671.99 | 14,453.24 |
| WACC / Discount Rate | 5.25% | 5.25% | 5.25% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $2,637,521.73 | $2,912,133.36 | $3,107,447.47 |
| Upside / Downside | 2,183.57% | 2,421.33% | 2,590.43% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 5,804,665.00 | 6,181,968.23 | 6,583,796.16 | 7,011,742.91 | 7,467,506.20 | 7,952,894.10 | 8,191,480.93 |
| Payout Ratio | 22.69% | 36.15% | 49.61% | 63.07% | 76.54% | 90.00% | 92.50% |
| Projected Dividends (M) | 1,316,794.00 | 2,234,662.77 | 3,266,291.02 | 4,422,589.50 | 5,715,406.70 | 7,157,604.69 | 7,577,119.86 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 5.25% | 5.25% | 5.25% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 2,103,170.92 | 2,123,106.19 | 2,143,041.46 |
| Year 2 PV (M) | 2,893,210.47 | 2,948,318.00 | 3,003,945.42 |
| Year 3 PV (M) | 3,686,925.46 | 3,792,763.84 | 3,900,608.57 |
| Year 4 PV (M) | 4,484,328.73 | 4,656,783.36 | 4,834,164.89 |
| Year 5 PV (M) | 5,285,433.18 | 5,540,721.58 | 5,805,780.46 |
| PV of Terminal Value (M) | 248,190,578.00 | 260,178,275.72 | 272,624,770.85 |
| Equity Value (M) | 266,643,646.75 | 279,239,968.68 | 292,312,311.66 |
| Shares Outstanding (M) | 371.50 | 371.50 | 371.50 |
| Fair Value | $717,757.41 | $751,664.47 | $786,852.90 |
| Upside / Downside | 521.43% | 550.79% | 581.26% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| QFBQ.QA | Lesha Bank L.L.C | 2.69% | $0.05 | 32.62% |
| 002442.SZ | Longxing Chemical Stock Co., Ltd. | 2.68% | $0.17 | 99.79% |
| 016800.KS | Fursys Inc. | 2.68% | $1,200.17 | 30.47% |
| 265520.KQ | Advanced Process Systems Corporation | 2.68% | $538.10 | 30.22% |
| 300896.SZ | Imeik Technology Development Co.,Ltd. | 2.68% | $3.80 | 78.17% |
| 3123.T | Saibo Co., Ltd. | 2.68% | $16.14 | 26.87% |
| 9057.T | Enshu Truck Co.,Ltd. | 2.68% | $96.08 | 31.06% |
| CHC.AX | Charter Hall Group | 2.68% | $0.65 | 53.83% |
| IFT.AX | Infratil Limited | 2.68% | $0.26 | 47.86% |
| KRZ.IR | Kerry Group plc | 2.68% | $2.04 | 27.68% |
| MGH.AX | MAAS Group Holdings Limited | 2.68% | $0.15 | 37.02% |
| NOA | North American Construction Group Ltd. | 2.68% | $0.39 | 32.95% |
| U06.SI | Singapore Land Group Limited | 2.68% | $0.09 | 24.45% |
| 000089.SZ | Shenzhen Airport Co., Ltd. | 2.67% | $0.19 | 65.57% |
| 000830.SZ | Luxi Chemical Group Co., Ltd. | 2.67% | $0.44 | 57.18% |
| 005820.KS | Wonlim Corporation | 2.67% | $399.88 | 22.01% |
| 007980.KS | TP Inc. | 2.67% | $51.62 | 7.46% |
| 049800.KS | Woojin Plaimm Co., Ltd. | 2.67% | $50.67 | 26.03% |
| 300009.SZ | Anhui Anke Biotechnology (Group) Co., Ltd. | 2.67% | $0.26 | 62.51% |
| 6220.TWO | YFC-Boneagle Electric Co., Ltd. | 2.67% | $0.69 | 89.25% |
| 002753.SZ | Shanxi Yongdong Chemistry Industry Co., Ltd. | 2.66% | $0.19 | 90.03% |
| 011200.KS | HMM Co.,Ltd | 2.66% | $537.67 | 22.84% |
| 014830.KS | UNID Company Ltd. | 2.66% | $1,782.26 | 16.95% |
| 023450.KS | Dongnam Chemical Co., Ltd. | 2.66% | $914.85 | 45.96% |
| 210540.KS | DY Power Corporation | 2.66% | $350.13 | 14.53% |
| 600729.SS | Chongqing Department Store Co.,Ltd. | 2.66% | $0.69 | 21.76% |
| 7282.T | Toyoda Gosei Co., Ltd. | 2.66% | $104.88 | 29.11% |
| 7989.T | Tachikawa Corporation | 2.66% | $52.44 | 33.02% |
| 9699.T | Nishio Rent All Co., Ltd. | 2.66% | $125.96 | 28.89% |
| 069730.KS | DSR Wire Corp | 2.65% | $99.93 | 6.22% |
| 118990.KQ | Motrex Co., Ltd | 2.65% | $249.25 | 35.67% |
| OLGERD.IC | Ölgerðin Egill Skallagrímsson hf. | 2.65% | $0.48 | 62.79% |
| 084010.KS | Daehan Steel Co., Ltd. | 2.64% | $516.54 | 29.55% |
| 0DH7.L | AF Gruppen ASA | 2.64% | $4.97 | 52.35% |
| 1504.TW | TECO Electric & Machinery Co., Ltd. | 2.64% | $2.23 | 87.91% |
| 2587.T | Suntory Beverage & Food Limited | 2.64% | $125.00 | 45.12% |
| 6922.TWO | Neousys Technology Inc. | 2.64% | $4.54 | 61.30% |
| SHR.BK | S Hotels and Resorts Public Company Limited | 2.64% | $0.05 | 33.96% |
| 002871.SZ | Qingdao Weflo Valve Co., Ltd. | 2.63% | $0.47 | 79.89% |
| 600918.SS | Zhongtai Securities Co., Ltd. | 2.63% | $0.17 | 68.20% |
| 8572.T | Acom Co., Ltd. | 2.63% | $13.00 | 38.71% |
| LIAB.ST | Lindab International AB (publ) | 2.63% | $5.40 | 76.19% |
| MYOR.JK | PT Mayora Indah Tbk | 2.63% | $57.38 | 45.12% |
| 002443.SZ | Zhejiang Kingland Pipeline and Technologies Co.,Ltd. | 2.62% | $0.21 | 64.11% |
| 039490.KS | Kiwoom Securities Co., Ltd. | 2.62% | $7,904.33 | 20.30% |
| 155660.KS | DSR Corp | 2.62% | $100.15 | 11.70% |
| 4263.SR | SAL Saudi Logistics Services Co | 2.62% | $4.23 | 55.27% |
| AFK.OL | Arendals Fossekompani ASA | 2.62% | $3.52 | 5.05% |
| INSTAL.ST | Instalco AB (publ) | 2.62% | $0.68 | 65.47% |
| 000048.SZ | Shenzhen Kingkey Smart Agriculture Times Co.,Ltd | 2.61% | $0.46 | 58.98% |