Definitive Analysis
| Stable Growth | $65,656.14 - $160,490.57 | $150,403.16 |
| Multi-Stage | $23,595.61 - $25,813.56 | $24,684.26 |
| Blended Fair Value | $87,543.71 | |
| Current Price | $5,775.00 | |
| Upside | 1,415.91% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 19.71% | 9.16% | 518.68 | 649.57 | 281.82 | 131.91 | 183.90 | 211.00 | 189.88 | 167.92 | 167.89 | 215.86 |
| YoY Growth | - | - | -20.15% | 130.49% | 113.65% | -28.27% | -12.84% | 11.12% | 13.08% | 0.01% | -22.22% | 0.00% |
| Dividend Yield | - | - | 10.54% | 12.49% | 4.70% | 2.01% | 3.49% | 5.41% | 2.61% | 2.30% | 1.95% | 2.98% |
| Net Income To Common (M) | 32,670,000.00 |
| (-) Cash Dividends Paid (M) | 16,426,000.00 |
| (=) Cash Retained (M) | 16,244,000.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 6,534,000.00 | 4,083,750.00 | 2,450,250.00 |
| Cash Retained (M) | 16,244,000.00 | 16,244,000.00 | 16,244,000.00 |
| (-) Cash Required (M) | -6,534,000.00 | -4,083,750.00 | -2,450,250.00 |
| (=) Excess Retained (M) | 9,710,000.00 | 12,160,250.00 | 13,793,750.00 |
| (/) Shares Outstanding (M) | 40,483.66 | 40,483.66 | 40,483.66 |
| (=) Excess Retained per Share | 239.85 | 300.37 | 340.72 |
| LTM Dividend per Share | 405.74 | 405.74 | 405.74 |
| (+) Excess Retained per Share | 239.85 | 300.37 | 340.72 |
| (=) Adjusted Dividend | 645.59 | 706.12 | 746.47 |
| WACC / Discount Rate | 6.54% | 6.54% | 6.54% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $65,656.14 | $150,403.16 | $160,490.57 |
| Upside / Downside | 1,036.90% | 2,504.38% | 2,679.06% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 32,670,000.00 | 34,793,550.00 | 37,055,130.75 | 39,463,714.25 | 42,028,855.67 | 44,760,731.29 | 46,103,553.23 |
| Payout Ratio | 50.28% | 58.22% | 66.17% | 74.11% | 82.06% | 90.00% | 92.50% |
| Projected Dividends (M) | 16,426,000.00 | 20,257,791.00 | 24,518,314.98 | 29,247,117.91 | 34,487,075.34 | 40,284,658.16 | 42,645,786.74 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 6.54% | 6.54% | 6.54% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 18,836,184.69 | 19,014,726.73 | 19,193,268.76 |
| Year 2 PV (M) | 21,197,875.05 | 21,601,635.03 | 22,009,204.07 |
| Year 3 PV (M) | 23,511,786.96 | 24,186,725.87 | 24,874,459.45 |
| Year 4 PV (M) | 25,778,626.95 | 26,770,000.19 | 27,789,696.27 |
| Year 5 PV (M) | 27,999,092.33 | 29,351,458.96 | 30,755,583.84 |
| PV of Terminal Value (M) | 837,913,365.63 | 878,384,894.50 | 920,405,364.05 |
| Equity Value (M) | 955,236,931.61 | 999,309,441.28 | 1,045,027,576.43 |
| Shares Outstanding (M) | 40,483.66 | 40,483.66 | 40,483.66 |
| Fair Value | $23,595.61 | $24,684.26 | $25,813.56 |
| Upside / Downside | 308.58% | 327.43% | 346.99% |
| 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% |