Definitive Analysis
| Stable Growth | $212,242.32 - $844,097.38 | $575,046.99 |
| Multi-Stage | $104,175.34 - $113,884.14 | $108,941.17 |
| Blended Fair Value | $341,994.08 | |
| Current Price | $26,775.00 | |
| Upside | 1,177.29% | |
| 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 | 7.19% | 7.19% | 7.19% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $212,242.32 | $575,046.99 | $844,097.38 |
| Upside / Downside | 692.69% | 2,047.70% | 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 | 7.19% | 7.19% | 7.19% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 8,879,659.09 | 8,963,826.47 | 9,047,993.86 |
| Year 2 PV (M) | 9,914,822.13 | 10,103,671.64 | 10,294,302.75 |
| Year 3 PV (M) | 10,915,183.61 | 11,228,519.30 | 11,547,794.84 |
| Year 4 PV (M) | 11,881,582.86 | 12,338,515.00 | 12,808,501.38 |
| Year 5 PV (M) | 12,814,841.39 | 13,433,803.02 | 14,076,453.77 |
| PV of Terminal Value (M) | 323,938,830.49 | 339,585,197.13 | 355,830,387.05 |
| Equity Value (M) | 378,344,919.56 | 395,653,532.57 | 413,605,433.65 |
| Shares Outstanding (M) | 3,631.81 | 3,631.81 | 3,631.81 |
| Fair Value | $104,175.34 | $108,941.17 | $113,884.14 |
| Upside / Downside | 289.08% | 306.88% | 325.34% |
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| 600848.SS | Shanghai Lingang Holdings Co.,Ltd. | 2.13% | $0.25 | 39.80% |
| 7259.T | Aisin Corporation | 2.13% | $62.39 | 27.27% |
| ALBRK.IS | Albaraka Türk Katilim Bankasi A.S. | 2.13% | $0.17 | 3.51% |
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| 002223.SZ | Jiangsu Yuyue Medical Equipment & Supply Co., Ltd. | 2.12% | $0.81 | 46.42% |
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| 0RKK.L | Volati AB | 2.12% | $2.20 | 57.57% |
| 0RVK.L | Befesa S.A. | 2.12% | $0.74 | 64.88% |
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| 6455.T | Morita Holdings Corporation | 2.12% | $58.45 | 24.57% |
| CCOLA.IS | Coca-Cola Içecek Anonim Sirketi | 2.12% | $1.26 | 25.02% |
| MTWI.JK | PT Malacca Trust Wuwungan Insurance Tbk | 2.12% | $7.84 | 25.68% |
| PNDX-B.ST | Pandox AB (publ) | 2.12% | $4.25 | 40.78% |
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| 002973.SZ | Qiaoyin City Management Co.,Ltd. | 2.11% | $0.29 | 59.79% |
| 0400.HK | Ingdan, Inc. | 2.11% | $0.06 | 22.33% |
| 0Z4I.L | Sunny Optical Technology (Group) Company Limited | 2.11% | $0.71 | 15.45% |
| 200771.SZ | Hangzhou Steam Turbine Co., Ltd. | 2.11% | $0.28 | 59.18% |
| 285130.KS | SK Chemicals Co.,Ltd | 2.11% | $1,396.25 | 31.71% |
| 688558.SS | Nantong Guosheng Intelligence Technology Group Co., Ltd. | 2.11% | $0.61 | 53.65% |
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| 1423.TW | Reward Wool Industry Corporation | 2.10% | $0.79 | 18.73% |
| 2811.T | Kagome Co., Ltd. | 2.10% | $56.56 | 39.32% |
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