Definitive Analysis
| Stable Growth | $1,231,139.03 - $5,272,633.59 | $3,022,030.11 |
| Multi-Stage | $617,557.47 - $675,719.23 | $646,105.54 |
| Blended Fair Value | $1,834,067.82 | |
| Current Price | $138,500.00 | |
| Upside | 1,224.24% | |
| 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 | 7.32% | 7.32% | 7.32% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $1,231,139.03 | $3,022,030.11 | $5,272,633.59 |
| Upside / Downside | 788.91% | 2,081.97% | 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 | 7.32% | 7.32% | 7.32% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 603,986.48 | 609,711.48 | 615,436.47 |
| Year 2 PV (M) | 792,080.97 | 807,167.88 | 822,397.13 |
| Year 3 PV (M) | 973,631.05 | 1,001,580.50 | 1,030,059.78 |
| Year 4 PV (M) | 1,148,804.47 | 1,192,984.24 | 1,238,426.21 |
| Year 5 PV (M) | 1,317,765.12 | 1,381,413.67 | 1,447,498.20 |
| PV of Terminal Value (M) | 32,310,122.52 | 33,870,713.52 | 35,491,032.01 |
| Equity Value (M) | 37,146,390.61 | 38,863,571.29 | 40,644,849.79 |
| Shares Outstanding (M) | 60.15 | 60.15 | 60.15 |
| Fair Value | $617,557.47 | $646,105.54 | $675,719.23 |
| Upside / Downside | 345.89% | 366.50% | 387.88% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| EFN-PA.TO | Element Fleet Management Corp. | 1.77% | $0.44 | 38.48% |
| RMS.AX | Ramelius Resources Limited | 1.77% | $0.07 | 12.68% |
| RSTIP.ME | Rosseti, Public Joint Stock Company | 1.77% | $0.02 | 5.65% |
| TRI | Thomson Reuters Corporation | 1.77% | $2.24 | 57.46% |
| UFOE.JK | PT Damai Sejahtera Abadi Tbk | 1.77% | $3.26 | 16.08% |
| 002073.SZ | Mesnac Co., Ltd. | 1.76% | $0.14 | 31.34% |
| 068290.KS | Samsung Publishing Co., Ltd | 1.76% | $199.53 | 21.01% |
| 0EWR.L | init innovation in traffic systems SE | 1.76% | $0.80 | 47.67% |
| 300923.SZ | Yeal Electric Co.,Ltd | 1.76% | $0.45 | 71.34% |
| 600019.SS | Baoshan Iron & Steel Co., Ltd. | 1.76% | $0.13 | 29.23% |
| 600176.SS | China Jushi Co., Ltd. | 1.76% | $0.30 | 34.66% |
| 603225.SS | Xinfengming Group Co., Ltd. | 1.76% | $0.34 | 48.02% |
| 7269.T | Suzuki Motor Corporation | 1.76% | $41.02 | 19.60% |
| 7556.TWO | Yeedex Electronic Corporation | 1.76% | $2.90 | 43.54% |
| AWRD.ST | Awardit AB (publ) | 1.76% | $2.30 | 82.26% |
| AXS | AXIS Capital Holdings Limited | 1.76% | $1.84 | 14.40% |
| KCR.HE | Konecranes Plc | 1.76% | $1.65 | 33.86% |
| SY1.DE | Symrise AG | 1.76% | $1.20 | 33.09% |
| VINTE.MX | Vinte Viviendas Integrales, S.A.B. de C.V. | 1.76% | $0.57 | 14.97% |
| 002350.KS | Nexen Tire Corporation | 1.75% | $130.25 | 8.28% |
| 003019.SZ | TES Touch Embedded Solutions (Xiamen) Co., Ltd. | 1.75% | $0.58 | 54.54% |
| 300951.SZ | Shenzhen Bsc Technology Co.,Ltd. | 1.75% | $0.60 | 51.92% |
| 301156.SZ | Shanghai Menon Animal Nutrition Technology Co., Ltd. | 1.75% | $0.31 | 73.33% |
| 3242.T | Urbanet Corporation Co.,Ltd. | 1.75% | $10.02 | 9.72% |
| 603045.SS | Fuda Alloy Materials Co.,Ltd | 1.75% | $0.34 | 78.02% |
| 7512.T | Aeon Hokkaido Corporation | 1.75% | $15.97 | 69.82% |
| ICC.BK | I.C.C. International Public Company Limited | 1.75% | $0.43 | 29.50% |
| IMD.AX | Imdex Limited | 1.75% | $0.06 | 37.34% |
| KRI.AT | Kri-Kri Milk Industry S.A. | 1.75% | $0.35 | 41.81% |
| PEAB-B.ST | Peab AB (publ) | 1.75% | $1.51 | 26.14% |
| SIMP.JK | PT Salim Ivomas Pratama Tbk | 1.75% | $10.00 | 8.73% |
| 001820.KS | SAMWHA CAPACITOR Co.,LTD | 1.74% | $525.09 | 39.85% |
| 006260.KS | LS Corp. | 1.74% | $3,619.10 | 44.44% |
| 006880.KS | Singsong Holdings Co.,Ltd. | 1.74% | $119.62 | 28.35% |
| 030520.KQ | Hancom Inc. | 1.74% | $409.94 | 76.57% |
| 243070.KQ | Huons Co., Ltd. | 1.74% | $475.63 | 15.69% |
| 300488.SZ | EST Tools Co., Ltd | 1.74% | $0.57 | 63.18% |
| 300787.SZ | Anfu CE LINK Limited | 1.74% | $0.20 | 56.29% |
| 316140.KS | Woori Financial Group Inc. | 1.74% | $487.02 | 11.05% |
| 603817.SS | Fujian Haixia Environmental Protection Group Co.,Ltd. | 1.74% | $0.12 | 32.99% |
| 603885.SS | Juneyao Airlines Co., Ltd | 1.74% | $0.26 | 76.13% |
| 688566.SS | Jiangsu Jibeier Pharmaceutical Co., Ltd. | 1.74% | $0.52 | 42.91% |
| CRLA.PA | Caisse Régionale de Crédit Agricole Mutuel du Languedoc Société coopérative | 1.74% | $1.41 | 7.62% |
| IVG.MI | Iveco Group N.V. | 1.74% | $0.33 | 27.33% |
| LTX.WA | Lentex S.A. | 1.74% | $0.12 | 31.81% |
| MICE.JK | PT Multi Indocitra Tbk | 1.74% | $10.00 | 13.08% |
| 1334.HK | Ruichang Intl | 1.73% | $0.02 | 76.84% |
| 4689.T | LY Corporation | 1.73% | $7.20 | 24.40% |
| 603926.SS | Zhejiang Tieliu Clutch Co., Ltd. | 1.73% | $0.30 | 66.82% |
| 688533.SS | Suzhou Sonavox Electronics Co., Ltd. | 1.73% | $0.50 | 45.54% |