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% |
| 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% |