Definitive Analysis
| Stable Growth | $5,272,974.42 - $28,851,153.94 | $9,581,228.72 |
| Multi-Stage | $3,419,627.60 - $3,745,950.66 | $3,579,775.48 |
| Blended Fair Value | $6,580,502.10 | |
| Current Price | $384,000.00 | |
| Upside | 1,613.67% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | -7.84% | -2.88% | 8,000.19 | 8,000.19 | 7,248.18 | 6,248.15 | 6,804.49 | 12,034.29 | 12,034.41 | 12,059.64 | 12,069.50 | 11,989.72 |
| YoY Growth | - | - | 0.00% | 10.38% | 16.01% | -8.18% | -43.46% | 0.00% | -0.21% | -0.08% | 0.67% | 11.84% |
| Dividend Yield | - | - | 3.17% | 3.11% | 3.26% | 1.83% | 2.87% | 9.29% | 3.85% | 3.49% | 3.41% | 2.88% |
| Net Income To Common (M) | 1,177,191.38 |
| (-) Cash Dividends Paid (M) | 73,541.71 |
| (=) Cash Retained (M) | 1,103,649.67 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 235,438.28 | 147,148.92 | 88,289.35 |
| Cash Retained (M) | 1,103,649.67 | 1,103,649.67 | 1,103,649.67 |
| (-) Cash Required (M) | -235,438.28 | -147,148.92 | -88,289.35 |
| (=) Excess Retained (M) | 868,211.40 | 956,500.75 | 1,015,360.32 |
| (/) Shares Outstanding (M) | 7.35 | 7.35 | 7.35 |
| (=) Excess Retained per Share | 118,059.75 | 130,065.37 | 138,069.12 |
| LTM Dividend per Share | 10,000.23 | 10,000.23 | 10,000.23 |
| (+) Excess Retained per Share | 118,059.75 | 130,065.37 | 138,069.12 |
| (=) Adjusted Dividend | 128,059.98 | 140,065.61 | 148,069.35 |
| WACC / Discount Rate | 7.50% | 7.50% | 7.50% |
| Growth Rate | 4.95% | 5.95% | 6.95% |
| Fair Value | $5,272,974.42 | $9,581,228.72 | $28,851,153.94 |
| Upside / Downside | 1,273.17% | 2,395.11% | 7,413.32% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 1,177,191.38 | 1,247,271.54 | 1,321,523.69 | 1,400,196.19 | 1,483,552.20 | 1,571,870.53 | 1,619,026.64 |
| Payout Ratio | 6.25% | 23.00% | 39.75% | 56.50% | 73.25% | 90.00% | 92.50% |
| Projected Dividends (M) | 73,541.71 | 286,844.69 | 525,283.61 | 791,095.27 | 1,086,693.73 | 1,414,683.47 | 1,497,599.64 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 7.50% | 7.50% | 7.50% |
| Growth Rate | 4.95% | 5.95% | 6.95% |
| Year 1 PV (M) | 264,308.79 | 266,827.14 | 269,345.49 |
| Year 2 PV (M) | 445,988.24 | 454,527.54 | 463,147.81 |
| Year 3 PV (M) | 618,903.77 | 636,763.72 | 654,964.01 |
| Year 4 PV (M) | 783,368.83 | 813,654.19 | 844,809.31 |
| Year 5 PV (M) | 939,686.93 | 985,315.15 | 1,032,698.85 |
| PV of Terminal Value (M) | 22,095,684.81 | 23,168,581.16 | 24,282,755.73 |
| Equity Value (M) | 25,147,941.38 | 26,325,668.90 | 27,547,721.19 |
| Shares Outstanding (M) | 7.35 | 7.35 | 7.35 |
| Fair Value | $3,419,627.60 | $3,579,775.48 | $3,745,950.66 |
| Upside / Downside | 790.53% | 832.23% | 875.51% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| TCN | Tricon Residential Inc. | 1.98% | $0.22 | 53.83% |
| 000617.SZ | CNPC Capital Company Limited | 1.97% | $0.19 | 55.65% |
| 013580.KS | Kyeryong Construction Industrial Co., Ltd. | 1.97% | $399.95 | 6.19% |
| 600033.SS | Fujian Expressway Development Co.,Ltd | 1.97% | $0.08 | 27.53% |
| 603337.SS | Jack Technology Co.,Ltd | 1.97% | $0.85 | 44.29% |
| 603338.SS | Zhejiang Dingli Machinery Co.,Ltd | 1.97% | $1.12 | 32.10% |
| 605090.SS | Jiangxi Jovo Energy Co., Ltd | 1.97% | $0.85 | 42.14% |
| DEZ.DE | Deutz AG | 1.97% | $0.17 | 99.16% |
| KEJU.JK | PT Mulia Boga Raya Tbk | 1.97% | $13.00 | 42.56% |
| LOGN.SW | Logitech International S.A. | 1.97% | $1.60 | 36.80% |
| NTSC.BK | Nutrition SC Public Company Limited | 1.97% | $0.12 | 13.98% |
| 000220.KS | Yuyu Pharma, Inc. | 1.96% | $89.74 | 31.97% |
| 000862.SZ | Ning Xia Yin Xing Energy Co.,Ltd | 1.96% | $0.11 | 78.53% |
| 001333.SZ | Zhejiang Guanghua Technology Co., Ltd. | 1.96% | $0.42 | 41.57% |
| 002926.SZ | HUAXI Securities Co., Ltd. | 1.96% | $0.18 | 31.11% |
| 0QMI.L | SGS S.A. | 1.96% | $1.66 | 31.21% |
| 0R4W.L | Multitude SE | 1.96% | $0.12 | 19.36% |
| 183300.KQ | KoMiCo Ltd. | 1.96% | $1,854.56 | 32.39% |
| 600031.SS | Sany Heavy Industry Co., Ltd | 1.96% | $0.41 | 42.56% |
| 600449.SS | Ningxia Building Materials Group Co.,Ltd | 1.96% | $0.24 | 39.64% |
| 603477.SS | Leshan Giantstar Farming&Husbandry Corporation Limited | 1.96% | $0.34 | 45.55% |
| 603650.SS | Red Avenue New Materials Group Co., Ltd. | 1.96% | $0.86 | 89.92% |
| EQB.TO | EQB Inc. | 1.96% | $2.05 | 22.50% |
| EVROF.AT | Evrofarma S.A. | 1.96% | $0.07 | 25.28% |
| HAGA.IC | Hagar hf | 1.96% | $2.30 | 34.34% |
| INISS-B.ST | Inission AB (publ) | 1.96% | $0.98 | 55.65% |
| TWPC.BK | Thai Wah Public Company Limited | 1.96% | $0.06 | 32.91% |
| 001358.SZ | Shaoxing Xingxin New Materials Co Ltd | 1.95% | $0.50 | 95.37% |
| 003039.SZ | Guangdong Shunkong Development Co.,Ltd. | 1.95% | $0.31 | 70.47% |
| 267250.KS | HD Hyundai Co., Ltd. | 1.95% | $3,599.87 | 49.88% |
| 4553.T | Towa Pharmaceutical Co., Ltd. | 1.95% | $71.04 | 16.94% |
| 688236.SS | Beijing Chunlizhengda Medical Instruments Co., Ltd. | 1.95% | $0.45 | 66.78% |
| MIDI.JK | PT Midi Utama Indonesia Tbk | 1.95% | $7.35 | 36.66% |
| 002662.SZ | Beijing WKW Automotive Parts Co.,Ltd. | 1.94% | $0.08 | 49.66% |
| 002697.SZ | Chengdu Hongqi Chain Co.,Ltd. | 1.94% | $0.12 | 30.44% |
| 0345.HK | Vitasoy International Holdings Limited | 1.94% | $0.13 | 36.86% |
| 079430.KS | Hyundai Livart Furniture Company Limited | 1.94% | $131.15 | 21.94% |
| 0GEG.L | Vaisala Oyj | 1.94% | $0.85 | 48.66% |
| 2229.T | Calbee, Inc. | 1.94% | $58.09 | 41.83% |
| 3284.T | Hoosiers Holdings Co., Ltd. | 1.94% | $25.55 | 22.98% |
| 4819.T | Digital Garage, Inc. | 1.94% | $52.42 | 75.12% |
| 600061.SS | SDIC Capital Co.,Ltd | 1.94% | $0.15 | 29.00% |
| 600356.SS | Mudanjiang Hengfeng Paper Co.,Ltd | 1.94% | $0.17 | 33.08% |
| 600563.SS | Xiamen Faratronic Co., Ltd. | 1.94% | $2.04 | 39.85% |
| 688468.SS | Chemclin Diagnostics Co., Ltd. | 1.94% | $0.14 | 99.41% |
| 9610.SR | First Avenue for Real Estate De | 1.94% | $0.12 | 16.89% |
| ADMIE.AT | Admie Holding S.A. | 1.94% | $0.06 | 10.56% |
| MPHASIS.BO | Mphasis Limited | 1.94% | $54.42 | 58.27% |
| TREL-B.ST | Trelleborg AB (publ) | 1.94% | $7.56 | 46.55% |
| 005740.KS | CROWNHAITAI Holdings Co.,Ltd. | 1.93% | $130.05 | 9.54% |