Definitive Analysis
| Stable Growth | $627,531.50 - $856,447.13 | $802,616.39 |
| Multi-Stage | $141,988.01 - $155,601.88 | $148,669.07 |
| Blended Fair Value | $475,642.73 | |
| Current Price | $22,450.00 | |
| Upside | 2,018.68% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 14.95% | 0.00% | 1,173.93 | 1,307.65 | 875.44 | 492.33 | 675.74 | 584.91 | 449.93 | 449.93 | 224.96 | 674.89 |
| YoY Growth | - | - | -10.23% | 49.37% | 77.82% | -27.14% | 15.53% | 30.00% | 0.00% | 100.00% | -66.67% | 0.00% |
| Dividend Yield | - | - | 7.11% | 9.29% | 7.67% | 3.21% | 6.69% | 7.65% | 3.18% | 2.94% | 0.00% | 0.00% |
| Net Income To Common (M) | 3,222,065.00 |
| (-) Cash Dividends Paid (M) | 356,011.00 |
| (=) Cash Retained (M) | 2,866,054.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 644,413.00 | 402,758.13 | 241,654.88 |
| Cash Retained (M) | 2,866,054.00 | 2,866,054.00 | 2,866,054.00 |
| (-) Cash Required (M) | -644,413.00 | -402,758.13 | -241,654.88 |
| (=) Excess Retained (M) | 2,221,641.00 | 2,463,295.88 | 2,624,399.13 |
| (/) Shares Outstanding (M) | 748.19 | 748.19 | 748.19 |
| (=) Excess Retained per Share | 2,969.34 | 3,292.32 | 3,507.65 |
| LTM Dividend per Share | 475.83 | 475.83 | 475.83 |
| (+) Excess Retained per Share | 2,969.34 | 3,292.32 | 3,507.65 |
| (=) Adjusted Dividend | 3,445.17 | 3,768.15 | 3,983.48 |
| WACC / Discount Rate | 6.08% | 6.08% | 6.08% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $627,531.50 | $802,616.39 | $856,447.13 |
| Upside / Downside | 2,695.24% | 3,475.13% | 3,714.91% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 3,222,065.00 | 3,431,499.23 | 3,654,546.67 | 3,892,092.21 | 4,145,078.20 | 4,414,508.29 | 4,546,943.53 |
| Payout Ratio | 11.05% | 26.84% | 42.63% | 58.42% | 74.21% | 90.00% | 92.50% |
| Projected Dividends (M) | 356,011.00 | 920,991.23 | 1,557,914.75 | 2,273,747.13 | 3,076,055.54 | 3,973,057.46 | 4,205,922.77 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 6.08% | 6.08% | 6.08% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 860,058.75 | 868,210.97 | 876,363.18 |
| Year 2 PV (M) | 1,358,591.63 | 1,384,468.98 | 1,410,590.47 |
| Year 3 PV (M) | 1,851,654.84 | 1,904,809.19 | 1,958,971.18 |
| Year 4 PV (M) | 2,339,293.23 | 2,429,255.85 | 2,521,788.63 |
| Year 5 PV (M) | 2,821,551.36 | 2,957,833.35 | 3,099,331.17 |
| PV of Terminal Value (M) | 97,003,353.60 | 101,688,651.85 | 106,553,267.49 |
| Equity Value (M) | 106,234,503.41 | 111,233,230.19 | 116,420,312.12 |
| Shares Outstanding (M) | 748.19 | 748.19 | 748.19 |
| Fair Value | $141,988.01 | $148,669.07 | $155,601.88 |
| Upside / Downside | 532.46% | 562.22% | 593.10% |
| 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% |