Definitive Analysis
| Stable Growth | $1,300,285.51 - $1,531,956.64 | $1,435,667.72 |
| Multi-Stage | $1,076,607.61 - $1,181,660.29 | $1,128,152.58 |
| Blended Fair Value | $1,281,910.15 | |
| Current Price | $39,750.00 | |
| Upside | 3,124.93% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 23.28% | 12.35% | 1,295.81 | 802.72 | 697.30 | 647.49 | 556.25 | 455.13 | 404.56 | 438.22 | 404.56 | 404.54 |
| YoY Growth | - | - | 61.43% | 15.12% | 7.69% | 16.40% | 22.22% | 12.50% | -7.68% | 8.32% | 0.00% | 0.01% |
| Dividend Yield | - | - | 3.28% | 1.48% | 2.00% | 1.92% | 1.13% | 2.35% | 1.05% | 0.82% | 0.74% | 0.74% |
| Net Income To Common (M) | 943,298.21 |
| (-) Cash Dividends Paid (M) | 243,977.51 |
| (=) Cash Retained (M) | 699,320.70 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 188,659.64 | 117,912.28 | 70,747.37 |
| Cash Retained (M) | 699,320.70 | 699,320.70 | 699,320.70 |
| (-) Cash Required (M) | -188,659.64 | -117,912.28 | -70,747.37 |
| (=) Excess Retained (M) | 510,661.06 | 581,408.43 | 628,573.34 |
| (/) Shares Outstanding (M) | 122.46 | 122.46 | 122.46 |
| (=) Excess Retained per Share | 4,170.13 | 4,747.87 | 5,133.02 |
| LTM Dividend per Share | 1,992.36 | 1,992.36 | 1,992.36 |
| (+) Excess Retained per Share | 4,170.13 | 4,747.87 | 5,133.02 |
| (=) Adjusted Dividend | 6,162.49 | 6,740.22 | 7,125.38 |
| WACC / Discount Rate | -1.70% | -1.70% | -1.70% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $1,300,285.51 | $1,435,667.72 | $1,531,956.64 |
| Upside / Downside | 3,171.16% | 3,511.74% | 3,753.98% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 943,298.21 | 1,004,612.59 | 1,069,912.41 | 1,139,456.72 | 1,213,521.40 | 1,292,400.29 | 1,331,172.30 |
| Payout Ratio | 25.86% | 38.69% | 51.52% | 64.35% | 77.17% | 90.00% | 92.50% |
| Projected Dividends (M) | 243,977.51 | 388,699.10 | 551,203.70 | 733,191.64 | 936,509.18 | 1,163,160.26 | 1,231,334.38 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | -1.70% | -1.70% | -1.70% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 391,700.61 | 395,413.41 | 399,126.21 |
| Year 2 PV (M) | 559,749.28 | 570,410.93 | 581,173.17 |
| Year 3 PV (M) | 750,308.10 | 771,846.75 | 793,793.71 |
| Year 4 PV (M) | 965,772.60 | 1,002,913.49 | 1,041,115.47 |
| Year 5 PV (M) | 1,208,768.44 | 1,267,152.40 | 1,327,770.86 |
| PV of Terminal Value (M) | 127,961,569.75 | 134,142,161.41 | 140,559,298.87 |
| Equity Value (M) | 131,837,868.78 | 138,149,898.41 | 144,702,278.29 |
| Shares Outstanding (M) | 122.46 | 122.46 | 122.46 |
| Fair Value | $1,076,607.61 | $1,128,152.58 | $1,181,660.29 |
| Upside / Downside | 2,608.45% | 2,738.12% | 2,872.73% |
| 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% |