Definitive Analysis
| Stable Growth | $1,494,827.46 - $5,272,633.59 | $4,941,229.85 |
| Multi-Stage | $670,206.40 - $733,533.66 | $701,288.83 |
| Blended Fair Value | $2,821,259.34 | |
| Current Price | $138,500.00 | |
| Upside | 1,937.01% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 20.45% | 16.82% | 5,319.83 | 4,631.37 | 3,604.16 | 2,231.24 | 1,697.16 | 2,098.44 | 2,438.36 | 1,811.45 | 1,702.53 | 1,597.30 |
| YoY Growth | - | - | 14.87% | 28.50% | 61.53% | 31.47% | -19.12% | -13.94% | 34.61% | 6.40% | 6.59% | 42.14% |
| Dividend Yield | - | - | 6.00% | 4.97% | 4.81% | 3.19% | 3.59% | 6.04% | 3.51% | 2.79% | 2.66% | 2.10% |
| Net Income To Common (M) | 1,594,728.08 |
| (-) Cash Dividends Paid (M) | 409,176.00 |
| (=) Cash Retained (M) | 1,185,552.08 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 318,945.62 | 199,341.01 | 119,604.61 |
| Cash Retained (M) | 1,185,552.08 | 1,185,552.08 | 1,185,552.08 |
| (-) Cash Required (M) | -318,945.62 | -199,341.01 | -119,604.61 |
| (=) Excess Retained (M) | 866,606.46 | 986,211.07 | 1,065,947.47 |
| (/) Shares Outstanding (M) | 60.15 | 60.15 | 60.15 |
| (=) Excess Retained per Share | 14,407.30 | 16,395.73 | 17,721.34 |
| LTM Dividend per Share | 6,802.54 | 6,802.54 | 6,802.54 |
| (+) Excess Retained per Share | 14,407.30 | 16,395.73 | 17,721.34 |
| (=) Adjusted Dividend | 21,209.84 | 23,198.26 | 24,523.88 |
| WACC / Discount Rate | 7.00% | 7.00% | 7.00% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $1,494,827.46 | $4,941,229.85 | $5,272,633.59 |
| Upside / Downside | 979.30% | 3,467.67% | 3,706.96% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 1,594,728.08 | 1,698,385.40 | 1,808,780.46 | 1,926,351.19 | 2,051,564.01 | 2,184,915.67 | 2,250,463.14 |
| Payout Ratio | 25.66% | 38.53% | 51.39% | 64.26% | 77.13% | 90.00% | 92.50% |
| Projected Dividends (M) | 409,176.00 | 654,327.32 | 929,619.55 | 1,237,935.24 | 1,582,404.32 | 1,966,424.11 | 2,081,678.41 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 7.00% | 7.00% | 7.00% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 605,796.32 | 611,538.46 | 617,280.61 |
| Year 2 PV (M) | 796,834.99 | 812,012.46 | 827,333.11 |
| Year 3 PV (M) | 982,409.71 | 1,010,611.16 | 1,039,347.22 |
| Year 4 PV (M) | 1,162,635.96 | 1,207,347.66 | 1,253,336.74 |
| Year 5 PV (M) | 1,337,627.08 | 1,402,234.97 | 1,469,315.56 |
| PV of Terminal Value (M) | 35,427,946.11 | 37,139,129.15 | 38,915,803.20 |
| Equity Value (M) | 40,313,250.17 | 42,182,873.86 | 44,122,416.43 |
| Shares Outstanding (M) | 60.15 | 60.15 | 60.15 |
| Fair Value | $670,206.40 | $701,288.83 | $733,533.66 |
| Upside / Downside | 383.90% | 406.35% | 429.63% |
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|---|---|---|---|---|
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| 4617.T | Chugoku Marine Paints, Ltd. | 2.19% | $96.72 | 42.42% |
| 600051.SS | Ningbo United Group Co.,Ltd. | 2.19% | $0.17 | 55.08% |
| 603799.SS | Zhejiang Huayou Cobalt Co., Ltd | 2.19% | $1.49 | 48.01% |
| 7233.KL | Dufu Technology Corp. Berhad | 2.19% | $0.04 | 95.65% |
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| 002626.SZ | Xiamen Kingdomway Group Company | 2.18% | $0.43 | 54.26% |
| 2468.TW | Fortune Information Systems Corp | 2.18% | $0.90 | 78.36% |
| 300815.SZ | EIT Environmental Development Group Co.,Ltd | 2.18% | $0.50 | 38.67% |
| 300910.SZ | Xinxiang Richful Lube Additive Co., Ltd | 2.18% | $1.23 | 45.00% |
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| 601369.SS | Xi'an Shaangu Power Co., Ltd. | 2.18% | $0.22 | 37.55% |
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| WTIF.SG | WisdomTree Japan Equity UCITS ETF | 2.15% | $0.98 | 91.42% |
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