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 % ⇵ |
|---|---|---|---|---|
| 0FNZ.L | Ponsse Oyj | 1.93% | $0.50 | 25.56% |
| 5278.TWO | Sunfun Info Co., Ltd. | 1.93% | $0.61 | 63.56% |
| 7080.T | Sportsfield Co., Ltd. | 1.93% | $15.88 | 18.18% |
| CROS.PA | Crosswood S.A. | 1.93% | $0.21 | 60.81% |
| SALFACORP.SN | SalfaCorp S.A. | 1.93% | $23.48 | 29.64% |
| 004770.KS | Sunny Electronics Corp. | 1.92% | $30.30 | 25.98% |
| 0083.HK | Sino Land Company Limited | 1.92% | $0.20 | 21.48% |
| 114090.KS | Grand Korea Leisure Co., Ltd. | 1.92% | $281.61 | 39.11% |
| 200880.KS | Seoyon E-Hwa Co., Ltd. | 1.92% | $250.04 | 6.17% |
| 2874.T | Yokorei Co.,Ltd. | 1.92% | $24.25 | 72.26% |
| 600642.SS | Shenergy Company Limited | 1.92% | $0.15 | 18.42% |
| 600995.SS | China Southern Power Grid Energy Storage Co., Ltd. | 1.92% | $0.24 | 50.98% |
| 603158.SS | Changzhou Tenglong AutoPartsCo.,Ltd. | 1.92% | $0.20 | 63.30% |
| 603214.SS | Shanghai Aiyingshi Co.,Ltd | 1.92% | $0.33 | 41.13% |
| 603298.SS | Hangcha Group Co., Ltd | 1.92% | $0.51 | 30.38% |
| 603725.SS | Guangdong Tianan New Material Co., Ltd. | 1.92% | $0.18 | 45.17% |
| 605162.SS | Zhejiang Xinzhonggang Thermal Power Co., Ltd. | 1.92% | $0.16 | 50.25% |
| AAK.ST | AAK AB (publ.) | 1.92% | $4.98 | 38.08% |
| NYF.ST | Nyfosa AB (publ) | 1.92% | $1.40 | 48.74% |
| PAS.WA | Passus S.A. | 1.92% | $2.26 | 17.62% |
| 300303.SZ | Shenzhen Jufei Optoelectronics Co., Ltd. | 1.91% | $0.13 | 57.25% |
| 301552.SZ | Hebei Keli Automobile Equipment Co., Ltd. | 1.91% | $0.71 | 43.10% |
| 4303.TWO | HsinLi Chemical Industrial Corp. | 1.91% | $1.16 | 7.73% |
| 600717.SS | Tianjin Port Co., Ltd. | 1.91% | $0.09 | 28.13% |
| 603269.SS | Jiangsu Seagull Cooling Tower Co.,Ltd. | 1.91% | $0.25 | 70.74% |
| 603733.SS | Xianhe Co.,Ltd. | 1.91% | $0.46 | 36.40% |
| KRN.DE | Krones AG | 1.91% | $2.60 | 28.35% |
| NKNC.ME | PJSC Nizhnekamskneftekhim | 1.91% | $1.49 | 6.74% |
| TFFIF.BK | Thailand Future Fund | 1.91% | $0.12 | 5.95% |
| 002970.SZ | Streamax Technology Co., Ltd. | 1.90% | $0.92 | 47.47% |
| 088350.KS | Hanwha Life Insurance Co., Ltd. | 1.90% | $61.91 | 6.15% |
| 2547.TW | Radium Life Tech. Co., Ltd. | 1.90% | $0.20 | 8.24% |
| 300760.SZ | Shenzhen Mindray Bio-Medical Electronics Co., Ltd. | 1.90% | $3.62 | 51.04% |
| 600323.SS | Grandblue Environment Co., Ltd. | 1.90% | $0.54 | 23.47% |
| 603806.SS | Hangzhou First Applied Material Co., Ltd. | 1.90% | $0.27 | 93.87% |
| ANE.MC | Corporación Acciona Energías Renovables, S.A. | 1.90% | $0.44 | 19.14% |
| ARML3.SA | Armac Locação, Logística e Serviços S.A. | 1.90% | $0.09 | 55.38% |
| CRSN.JK | PT Carsurin Tbk | 1.90% | $2.35 | 24.82% |
| CSAB3.SA | Companhia de Seguros Alianca da Bahia | 1.90% | $0.58 | 29.45% |
| GFNORTEO.MX | Grupo Financiero Banorte, S.A.B. de C.V. | 1.90% | $3.26 | 17.54% |
| GULF-R.BK | Gulf Energy Development Public Company Limited | 1.90% | $0.79 | 14.96% |
| RDOR3.SA | Rede D'Or São Luiz S.A. | 1.90% | $0.77 | 38.15% |
| 300119.SZ | Tianjin Ringpu Bio-Technology Co.,Ltd. | 1.89% | $0.35 | 38.42% |
| 3305.TW | Shenmao Technology Inc | 1.89% | $2.05 | 72.44% |
| 4150.SR | Arriyadh Development Co. | 1.89% | $0.43 | 42.09% |
| 4203.T | Sumitomo Bakelite Company Limited | 1.89% | $97.84 | 43.46% |
| 5053.KL | OSK Holdings Berhad | 1.89% | $0.03 | 11.22% |
| 6376.T | Nikkiso Co., Ltd. | 1.89% | $29.94 | 28.66% |
| ADMCM.HE | Admicom Oyj | 1.89% | $0.81 | 41.55% |
| MMK.VI | Mayr-Melnhof Karton AG | 1.89% | $1.80 | 15.04% |