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% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| 6101.T | Tsugami Corporation | 2.08% | $59.70 | 21.18% |
| 9549.SR | Abdulaziz and Mansour Ibrahim Albabtin Co. | 2.08% | $0.50 | 29.71% |
| FPAR-A.ST | FastPartner AB (publ) | 2.08% | $0.97 | 55.03% |
| GRNG.ST | Gränges AB (publ) | 2.08% | $3.09 | 34.78% |
| ZGN | Ermenegildo Zegna N.V. | 2.08% | $0.22 | 28.26% |
| 000983.SZ | Shanxi Coking Coal Energy Group Co.,Ltd. | 2.07% | $0.13 | 44.44% |
| 006090.KS | Oyang Corporation | 2.07% | $187.55 | 43.67% |
| 0O1O.L | Vetoquinol S.A. | 2.07% | $1.74 | 19.10% |
| 1748.HK | Xin Yuan Enterprises Group Limited | 2.07% | $0.04 | 62.70% |
| 4677.KL | YTL Corporation Berhad | 2.07% | $0.04 | 26.42% |
| 603136.SS | Jiangsu Tianmu Lake Tourism Co.,Ltd | 2.07% | $0.24 | 64.23% |
| 7965.T | Zojirushi Corporation | 2.07% | $32.35 | 36.35% |
| MRSA3B.SA | MRS Logística S.A. | 2.07% | $0.81 | 18.86% |
| OCL.AX | Objective Corporation Limited | 2.07% | $0.34 | 57.76% |
| TRTN | Triton International Limited | 2.07% | $1.65 | 28.50% |
| 001219.SZ | Qingdao Foods CO.,LTD. | 2.06% | $0.29 | 55.25% |
| 002351.SZ | Edifier Technology Co., Ltd. | 2.06% | $0.25 | 53.80% |
| 004830.KS | Duksung Co., Ltd. | 2.06% | $100.30 | 19.66% |
| 600120.SS | Zhejiang Orient Financial Holdings Group Co., Ltd. | 2.06% | $0.13 | 32.28% |
| 600143.SS | Kingfa Sci. & Tech. Co., Ltd. | 2.06% | $0.40 | 85.82% |
| 7735.T | SCREEN Holdings Co., Ltd. | 2.06% | $314.43 | 32.13% |
| ALSO3.SA | Aliansce Sonae Shopping Centers S.A. | 2.06% | $0.52 | 9.27% |
| MLIA.JK | PT Mulia Industrindo Tbk | 2.06% | $6.98 | 27.72% |
| REA.AX | REA Group Limited | 2.06% | $3.81 | 51.46% |
| THEON.AS | Theon International PLC | 2.06% | $0.55 | 52.53% |
| 000902.SZ | YONFER Agricultural Technology Co., Ltd. | 2.05% | $0.32 | 26.06% |
| 002938.SZ | Avary Holding(Shenzhen)Co., Limited | 2.05% | $1.04 | 59.37% |
| 036930.KQ | JUSUNG ENGINEERING Co., Ltd. | 2.05% | $625.50 | 45.79% |
| 086280.KS | Hyundai Glovis Co., Ltd. | 2.05% | $3,700.10 | 19.97% |
| 2730.T | EDION Corporation | 2.05% | $43.41 | 30.64% |
| 4191.SR | Abdullah Saad Mohammed Abo Moati for Bookstores Company | 2.05% | $1.01 | 76.56% |
| 9527.SR | Ame Company For Medical Supplies | 2.05% | $2.00 | 27.73% |
| BMIN3.SA | Banco Mercantil de Investimentos S.A. | 2.05% | $0.47 | 28.32% |
| GUAR3.SA | Guararapes Confecções S.A. | 2.05% | $0.18 | 20.09% |
| MGROS.IS | Migros Ticaret A.S. | 2.05% | $10.88 | 31.41% |
| MLL.DE | Müller - Die lila Logistik AG | 2.05% | $0.10 | 6.76% |
| RAY-A.TO | Stingray Group Inc. | 2.05% | $0.30 | 39.32% |
| VIVA3.SA | Vivara Participações S.A. | 2.05% | $0.66 | 20.93% |
| 268280.KS | Miwon Specialty Chemical Co., Ltd. | 2.04% | $2,814.57 | 22.79% |
| 2869.HK | Greentown Service Group Co. Ltd. | 2.04% | $0.09 | 17.96% |
| 450330.KQ | Hass | 2.04% | $131.79 | 35.27% |
| 605589.SS | Jinan Shengquan Group Share Holding Co., Ltd. | 2.04% | $0.58 | 44.86% |
| CEK.DE | CeoTronics AG | 2.04% | $0.26 | 34.71% |
| CSAP.JK | PT Catur Sentosa Adiprana Tbk | 2.04% | $6.50 | 30.53% |
| ROTH.PA | Rothschild & Co SCA | 2.04% | $0.78 | 13.71% |
| 2476.TW | G-SHANK Enterprise Co., Ltd. | 2.03% | $1.85 | 49.48% |
| 2852.KL | Cahya Mata Sarawak Berhad | 2.03% | $0.03 | 28.80% |
| 3788.HK | China Hanking Holdings Limited | 2.03% | $0.08 | 36.16% |
| 4004.SR | Dallah Healthcare Company | 2.03% | $2.54 | 49.37% |
| 601607.SS | Shanghai Pharmaceuticals Holding Co., Ltd | 2.03% | $0.36 | 23.77% |