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 % ⇵ |
|---|---|---|---|---|
| 600283.SS | Qianjiang Water Resources Development Co., Ltd. Class A | 1.84% | $0.17 | 40.35% |
| 600348.SS | Shan Xi Huayang Group New Energy Co.,Ltd. | 1.84% | $0.15 | 35.88% |
| 601878.SS | Zheshang Securities Co., Ltd. | 1.84% | $0.20 | 35.18% |
| 603339.SS | Square Technology Group Co.,Ltd | 1.84% | $0.24 | 45.85% |
| 603351.SS | Nanjing Well Pharmaceutical Group Co.,Ltd. | 1.84% | $0.48 | 43.82% |
| 603637.SS | Zhenhai Petrochemical Engineering Co. Ltd. | 1.84% | $0.20 | 51.47% |
| 7160.KL | Pentamaster Corporation Berhad | 1.84% | $0.07 | 96.65% |
| E28.SI | Frencken Group Limited | 1.84% | $0.03 | 28.64% |
| LATO-B.ST | Investment AB Latour (publ) | 1.84% | $4.09 | 54.81% |
| 0GXK.L | VBG Group AB (publ) | 1.83% | $7.26 | 42.89% |
| 3402.T | Toray Industries, Inc. | 1.83% | $18.69 | 47.76% |
| 603726.SS | Zhejiang Langdi Group Co., Ltd. | 1.83% | $0.44 | 37.76% |
| AAG.DE | Aumann AG | 1.83% | $0.22 | 17.47% |
| CTPNV.AS | CTP N.V. | 1.83% | $0.32 | 12.83% |
| G92.SI | China Aviation Oil (Singapore) Corporation Ltd | 1.83% | $0.03 | 30.20% |
| 002083.SZ | Sunvim Group Co.,Ltd | 1.82% | $0.22 | 63.82% |
| 002393.SZ | Tianjin Lisheng Pharmaceutical Co.,Ltd. | 1.82% | $0.39 | 26.18% |
| 002906.SZ | Foryou Corporation | 1.82% | $0.56 | 39.04% |
| 008040.KS | Sajodongaone Co.,Ltd | 1.82% | $19.85 | 11.32% |
| 023810.KS | INFAC Corporation | 1.82% | $179.93 | 35.31% |
| 4245.T | Daiki Axis Co., Ltd. | 1.82% | $12.36 | 69.20% |
| 4568.T | Daiichi Sankyo Company, Limited | 1.82% | $60.92 | 38.27% |
| 601956.SS | Hubei Donper Electromechanical Group Co., Ltd. | 1.82% | $0.13 | 63.00% |
| 6238.T | FURYU Corporation | 1.82% | $19.46 | 27.81% |
| 688819.SS | Tianneng Battery Group Co., Ltd. | 1.82% | $0.61 | 40.50% |
| 7917.T | ZACROS Corporation | 1.82% | $21.03 | 23.83% |
| 8905.T | AEON Mall Co., Ltd. | 1.82% | $50.02 | 79.78% |
| GAVA.MX | Acosta Verde, S.A.B. de C.V. | 1.82% | $3.25 | 14.81% |
| H13.SI | Ho Bee Land Limited | 1.82% | $0.04 | 17.64% |
| RUG.ST | Rugvista Group AB (publ) | 1.82% | $1.26 | 43.10% |
| SAMART.BK | Samart Corporation Public Company Limited | 1.82% | $0.10 | 21.27% |
| 002946.SZ | New Hope Dairy Co., Ltd. | 1.81% | $0.33 | 41.97% |
| 0OFP.IL | NCC AB (publ) | 1.81% | $3.99 | 24.59% |
| 2040.SR | Saudi Ceramic Company | 1.81% | $0.50 | 86.31% |
| 3260.TWO | ADATA Technology Co., Ltd. | 1.81% | $5.07 | 46.69% |
| 5235SS.KL | KLCC Property Holdings Berhad | 1.81% | $0.16 | 38.48% |
| 5321.TWO | United Recommend International Co., Ltd. | 1.81% | $0.67 | 83.04% |
| 605088.SS | GSP Automotive Group Wenzhou Co.,Ltd. | 1.81% | $0.65 | 42.04% |
| 6271.TW | Tong Hsing Electronic Industries, Ltd. | 1.81% | $2.43 | 32.14% |
| 6754.T | Anritsu Corporation | 1.81% | $40.67 | 57.15% |
| HEBA-B.ST | Heba Fastighets AB (publ) | 1.81% | $0.55 | 33.11% |
| VRG.WA | VRG S.A. | 1.81% | $0.09 | 22.39% |
| 002552.SZ | Baoding Technology Co., Ltd. | 1.80% | $0.30 | 61.55% |
| 002811.SZ | Shenzhen Cheng Chung Design Co., Ltd. | 1.80% | $0.27 | 58.86% |
| 0288.HK | WH Group Limited | 1.80% | $0.16 | 82.20% |
| 0YSU.L | Epiroc AB (publ) | 1.80% | $3.80 | 53.30% |
| 300272.SZ | Canature Health Technology Co., Ltd. | 1.80% | $0.13 | 82.69% |
| 600461.SS | Jiangxi Hongcheng Environment Co.,Ltd. | 1.80% | $0.17 | 22.97% |
| 600794.SS | Zhang Jia Gang Freetrade Science&Technology Group Co.,Ltd. | 1.80% | $0.07 | 99.64% |
| 605099.SS | CoCreation Grass Co., Ltd | 1.80% | $0.64 | 40.62% |