Definitive Analysis
| Stable Growth | $1,138,860.14 - $5,272,633.59 | $2,560,740.19 |
| Multi-Stage | $595,919.69 - $651,959.32 | $623,426.56 |
| Blended Fair Value | $1,592,083.38 | |
| Current Price | $138,500.00 | |
| Upside | 1,049.52% | |
| 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 | 7.46% | 7.46% | 7.46% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $1,138,860.14 | $2,560,740.19 | $5,272,633.59 |
| Upside / Downside | 722.28% | 1,748.91% | 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 | 7.46% | 7.46% | 7.46% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 603,158.78 | 608,875.92 | 614,593.07 |
| Year 2 PV (M) | 789,911.51 | 804,957.11 | 820,144.64 |
| Year 3 PV (M) | 969,633.73 | 997,468.43 | 1,025,830.79 |
| Year 4 PV (M) | 1,142,520.10 | 1,186,458.19 | 1,231,651.57 |
| Year 5 PV (M) | 1,308,760.49 | 1,371,974.11 | 1,437,607.06 |
| PV of Terminal Value (M) | 31,030,882.50 | 32,529,685.73 | 34,085,851.68 |
| Equity Value (M) | 35,844,867.11 | 37,499,419.50 | 39,215,678.82 |
| Shares Outstanding (M) | 60.15 | 60.15 | 60.15 |
| Fair Value | $595,919.69 | $623,426.56 | $651,959.32 |
| Upside / Downside | 330.27% | 350.13% | 370.73% |
| 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% |