Definitive Analysis
| Stable Growth | $102,684.11 - $154,808.83 | $145,078.55 |
| Multi-Stage | $25,368.09 - $27,786.18 | $26,554.83 |
| Blended Fair Value | $85,816.69 | |
| Current Price | $10,500.00 | |
| Upside | 717.30% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 7.86% | 7.73% | 200.00 | 188.00 | 215.00 | 215.00 | 215.00 | 137.00 | 220.00 | 154.00 | 128.00 | 111.00 |
| YoY Growth | - | - | 6.38% | -12.56% | 0.00% | 0.00% | 56.93% | -37.73% | 42.86% | 20.31% | 15.32% | 16.84% |
| Dividend Yield | - | - | 1.97% | 1.67% | 2.16% | 2.93% | 2.34% | 1.34% | 2.38% | 1.86% | 1.57% | 1.46% |
| Net Income To Common (M) | 9,077,895.00 |
| (-) Cash Dividends Paid (M) | 2,332,382.00 |
| (=) Cash Retained (M) | 6,745,513.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 1,815,579.00 | 1,134,736.88 | 680,842.13 |
| Cash Retained (M) | 6,745,513.00 | 6,745,513.00 | 6,745,513.00 |
| (-) Cash Required (M) | -1,815,579.00 | -1,134,736.88 | -680,842.13 |
| (=) Excess Retained (M) | 4,929,934.00 | 5,610,776.13 | 6,064,670.88 |
| (/) Shares Outstanding (M) | 11,661.91 | 11,661.91 | 11,661.91 |
| (=) Excess Retained per Share | 422.74 | 481.12 | 520.04 |
| LTM Dividend per Share | 200.00 | 200.00 | 200.00 |
| (+) Excess Retained per Share | 422.74 | 481.12 | 520.04 |
| (=) Adjusted Dividend | 622.74 | 681.12 | 720.04 |
| WACC / Discount Rate | 6.14% | 6.14% | 6.14% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $102,684.11 | $145,078.55 | $154,808.83 |
| Upside / Downside | 877.94% | 1,281.70% | 1,374.37% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 9,077,895.00 | 9,667,958.18 | 10,296,375.46 | 10,965,639.86 | 11,678,406.45 | 12,437,502.87 | 12,810,627.96 |
| Payout Ratio | 25.69% | 38.55% | 51.42% | 64.28% | 77.14% | 90.00% | 92.50% |
| Projected Dividends (M) | 2,332,382.00 | 3,727,421.94 | 5,293,962.75 | 7,048,405.51 | 9,008,558.84 | 11,193,752.58 | 11,849,830.86 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 6.14% | 6.14% | 6.14% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 3,478,828.99 | 3,511,803.67 | 3,544,778.35 |
| Year 2 PV (M) | 4,611,369.56 | 4,699,203.19 | 4,787,865.45 |
| Year 3 PV (M) | 5,730,129.70 | 5,894,621.13 | 6,062,230.79 |
| Year 4 PV (M) | 6,835,234.41 | 7,098,098.24 | 7,368,471.90 |
| Year 5 PV (M) | 7,926,807.67 | 8,309,675.44 | 8,707,196.47 |
| PV of Terminal Value (M) | 267,257,954.18 | 280,166,613.30 | 293,569,317.19 |
| Equity Value (M) | 295,840,324.51 | 309,680,014.98 | 324,039,860.15 |
| Shares Outstanding (M) | 11,661.91 | 11,661.91 | 11,661.91 |
| Fair Value | $25,368.09 | $26,554.83 | $27,786.18 |
| Upside / Downside | 141.60% | 152.90% | 164.63% |
| 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% |