Definitive Analysis
| Stable Growth | $212,638.11 - $844,097.38 | $577,685.58 |
| Multi-Stage | $104,256.78 - $113,973.56 | $109,026.53 |
| Blended Fair Value | $343,356.05 | |
| Current Price | $26,775.00 | |
| Upside | 1,182.38% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 11.99% | 15.07% | 2,235.27 | 6,883.97 | 1,752.66 | 829.66 | 1,002.11 | 1,269.08 | 1,002.11 | 693.06 | 598.60 | 817.30 |
| YoY Growth | - | - | -67.53% | 292.77% | 111.25% | -17.21% | -21.04% | 26.64% | 44.59% | 15.78% | -26.76% | 48.78% |
| Dividend Yield | - | - | 9.49% | 28.65% | 6.02% | 3.25% | 4.53% | 7.51% | 3.68% | 2.17% | 2.26% | 5.34% |
| Net Income To Common (M) | 15,414,710.00 |
| (-) Cash Dividends Paid (M) | 7,808,837.00 |
| (=) Cash Retained (M) | 7,605,873.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 3,082,942.00 | 1,926,838.75 | 1,156,103.25 |
| Cash Retained (M) | 7,605,873.00 | 7,605,873.00 | 7,605,873.00 |
| (-) Cash Required (M) | -3,082,942.00 | -1,926,838.75 | -1,156,103.25 |
| (=) Excess Retained (M) | 4,522,931.00 | 5,679,034.25 | 6,449,769.75 |
| (/) Shares Outstanding (M) | 3,631.81 | 3,631.81 | 3,631.81 |
| (=) Excess Retained per Share | 1,245.37 | 1,563.69 | 1,775.91 |
| LTM Dividend per Share | 2,150.12 | 2,150.12 | 2,150.12 |
| (+) Excess Retained per Share | 1,245.37 | 1,563.69 | 1,775.91 |
| (=) Adjusted Dividend | 3,395.49 | 3,713.82 | 3,926.03 |
| WACC / Discount Rate | 7.18% | 7.18% | 7.18% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $212,638.11 | $577,685.58 | $844,097.38 |
| Upside / Downside | 694.17% | 2,057.56% | 3,052.56% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 15,414,710.00 | 16,416,666.15 | 17,483,749.45 | 18,620,193.16 | 19,830,505.72 | 21,119,488.59 | 21,753,073.25 |
| Payout Ratio | 50.66% | 58.53% | 66.40% | 74.26% | 82.13% | 90.00% | 92.50% |
| Projected Dividends (M) | 7,808,837.00 | 9,608,129.03 | 11,608,336.69 | 13,827,977.00 | 16,287,125.33 | 19,007,539.73 | 20,121,592.76 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 7.18% | 7.18% | 7.18% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 8,879,919.35 | 8,964,089.20 | 9,048,259.05 |
| Year 2 PV (M) | 9,915,403.34 | 10,104,263.92 | 10,294,906.21 |
| Year 3 PV (M) | 10,916,143.40 | 11,229,506.65 | 11,548,810.26 |
| Year 4 PV (M) | 11,882,975.91 | 12,339,961.62 | 12,810,003.10 |
| Year 5 PV (M) | 12,816,719.51 | 13,435,771.85 | 14,078,516.79 |
| PV of Terminal Value (M) | 324,229,533.20 | 339,889,940.88 | 356,149,709.24 |
| Equity Value (M) | 378,640,694.69 | 395,963,534.13 | 413,930,204.64 |
| Shares Outstanding (M) | 3,631.81 | 3,631.81 | 3,631.81 |
| Fair Value | $104,256.78 | $109,026.53 | $113,973.56 |
| Upside / Downside | 289.38% | 307.20% | 325.67% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| 017810.KS | Pulmuone Co., Ltd. | 2.55% | $331.61 | 65.57% |
| 023160.KQ | Tae Kwang Corporation | 2.55% | $535.13 | 21.10% |
| 3152.TWO | Advanced Ceramic X Corporation | 2.55% | $3.66 | 36.41% |
| 600415.SS | Zhejiang China Commodities City Group Co., Ltd. | 2.55% | $0.41 | 53.66% |
| 601808.SS | China Oilfield Services Limited | 2.55% | $0.36 | 43.75% |
| 7606.T | United Arrows Ltd. | 2.55% | $62.63 | 43.42% |
| CYRE3.SA | Cyrela Brazil Realty S.A. Empreendimentos e Participações | 2.55% | $0.61 | 12.29% |
| JUNGH.SW | Jungheinrich AG | 2.55% | $0.79 | 22.62% |
| RENT3.SA | Localiza Rent a Car S.A. | 2.55% | $1.11 | 66.67% |
| 002380.KS | KCC Corporation | 2.54% | $10,000.23 | 6.25% |
| 1527.HK | Zhejiang Tengy Environmental Technology Co., Ltd | 2.54% | $0.05 | 4.95% |
| 5212.KL | Pavilion Real Estate Investment Trust | 2.54% | $0.05 | 39.63% |
| 5489.TWO | DynaColor, Inc. | 2.54% | $1.02 | 50.42% |
| 600273.SS | Zhejiang Jiahua Energy Chemical Industry Co.,Ltd. | 2.54% | $0.22 | 28.18% |
| 600724.SS | Ningbo Fuda Company Limited | 2.54% | $0.15 | 96.79% |
| 7505.T | Fuso Dentsu Co., Ltd. | 2.54% | $48.50 | 22.36% |
| 8850.T | Starts Corporation Inc. | 2.54% | $121.52 | 25.36% |
| BLAU3.SA | Blau Farmacêutica S.A. | 2.54% | $0.35 | 19.81% |
| 2367.HK | Giant Biogene Holding Co., Ltd. | 2.53% | $0.87 | 22.55% |
| 2701.TW | Wan Hwa Enterprise Company Ltd. | 2.53% | $0.28 | 52.89% |
| 600963.SS | Yueyang Forest & Paper Co., Ltd. | 2.53% | $0.12 | 48.95% |
| 603697.SS | YouYou Foods Co., Ltd. | 2.53% | $0.31 | 63.16% |
| CK-R.BK | CH. Karnchang Public Company Limited | 2.53% | $0.30 | 25.56% |
| SCHO.CO | Aktieselskabet Schouw & Co. | 2.53% | $16.81 | 42.51% |
| 003006.SZ | Chongqing Baiya Sanitary Products Co., Ltd. | 2.52% | $0.55 | 80.44% |
| 5191.T | Sumitomo Riko Company Limited | 2.52% | $66.01 | 23.54% |
| 600406.SS | NARI Technology Co., Ltd. | 2.52% | $0.57 | 56.63% |
| 600909.SS | Huaan Securities Co., Ltd. | 2.52% | $0.17 | 38.30% |
| 603811.SS | Zhejiang Cheng Yi Pharmaceutical Co., Ltd. | 2.52% | $0.26 | 37.15% |
| BESALCO.SN | Besalco S.A. | 2.52% | $30.59 | 34.76% |
| 000019.SZ | Shenzhen Cereals Holdings Co., Ltd. | 2.51% | $0.17 | 62.11% |
| 094820.KQ | Iljin Power Co., Ltd. | 2.51% | $320.01 | 48.44% |
| 0QVR.L | Scandi Standard AB (publ) | 2.51% | $2.49 | 52.58% |
| 4041.T | Nippon Soda Co., Ltd. | 2.51% | $90.77 | 32.02% |
| 600056.SS | China Meheco Group Co., Ltd. | 2.51% | $0.26 | 71.36% |
| 605169.SS | Xinjiang Hongtong Natural Gas Co., Ltd. | 2.51% | $0.33 | 91.06% |
| 6691.TW | Yankey Engineering Co., Ltd. | 2.51% | $13.92 | 62.80% |
| 7483.T | Doshisha Co.,Ltd. | 2.51% | $82.93 | 37.87% |
| GPSC-R.BK | Global Power Synergy Public Company Limited | 2.51% | $0.90 | 51.48% |
| HOVE.CO | Hove A/S | 2.51% | $0.14 | 34.71% |
| NOLA-B.ST | Nolato AB (publ) | 2.51% | $1.50 | 51.20% |
| 0QNH.L | Huber+Suhner AG | 2.50% | $3.61 | 49.61% |
| 100840.KS | SNT Energy Co., Ltd. | 2.50% | $899.87 | 27.57% |
| 138490.KS | Kolon Plastics, Inc. | 2.50% | $200.40 | 17.45% |
| 2612.T | Kadoya Sesame Mills Incorporated | 2.50% | $99.85 | 34.73% |
| 603112.SS | Shanxi Huaxiang Group Co., Ltd. | 2.50% | $0.43 | 43.19% |
| 603766.SS | Loncin Motor Co., Ltd. | 2.50% | $0.40 | 45.87% |
| ISCTR.IS | Türkiye Is Bankasi A.S. | 2.50% | $0.36 | 16.38% |
| 002539.SZ | Chengdu Wintrue Holding Co., Ltd. | 2.49% | $0.29 | 41.75% |
| 2542.TW | Highwealth Construction Corp. | 2.49% | $0.98 | 39.34% |