Definitive Analysis
| Stable Growth | $30,778.86 - $111,321.37 | $97,512.38 |
| Multi-Stage | $14,457.24 - $15,797.54 | $15,115.19 |
| Blended Fair Value | $56,313.78 | |
| Current Price | $4,120.00 | |
| Upside | 1,266.84% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 22.74% | 14.43% | 280.46 | 196.50 | 73.09 | 22.00 | 103.18 | 100.70 | 127.85 | 106.46 | 60.81 | 72.31 |
| YoY Growth | - | - | 42.73% | 168.84% | 232.23% | -78.68% | 2.46% | -21.23% | 20.09% | 75.07% | -15.91% | -0.76% |
| Dividend Yield | - | - | 6.61% | 3.48% | 1.56% | 0.53% | 3.60% | 5.27% | 2.72% | 2.45% | 1.88% | 2.78% |
| Net Income To Common (M) | 20,866,036.00 |
| (-) Cash Dividends Paid (M) | 13,951,339.00 |
| (=) Cash Retained (M) | 6,914,697.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 4,173,207.20 | 2,608,254.50 | 1,564,952.70 |
| Cash Retained (M) | 6,914,697.00 | 6,914,697.00 | 6,914,697.00 |
| (-) Cash Required (M) | -4,173,207.20 | -2,608,254.50 | -1,564,952.70 |
| (=) Excess Retained (M) | 2,741,489.80 | 4,306,442.50 | 5,349,744.30 |
| (/) Shares Outstanding (M) | 37,277.06 | 37,277.06 | 37,277.06 |
| (=) Excess Retained per Share | 73.54 | 115.53 | 143.51 |
| LTM Dividend per Share | 374.26 | 374.26 | 374.26 |
| (+) Excess Retained per Share | 73.54 | 115.53 | 143.51 |
| (=) Adjusted Dividend | 447.80 | 489.79 | 517.77 |
| WACC / Discount Rate | 7.03% | 7.03% | 7.03% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $30,778.86 | $97,512.38 | $111,321.37 |
| Upside / Downside | 647.06% | 2,266.81% | 2,601.98% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 20,866,036.00 | 22,222,328.34 | 23,666,779.68 | 25,205,120.36 | 26,843,453.18 | 28,588,277.64 | 29,445,925.97 |
| Payout Ratio | 66.86% | 71.49% | 76.12% | 80.74% | 85.37% | 90.00% | 92.50% |
| Projected Dividends (M) | 13,951,339.00 | 15,886,559.93 | 18,014,415.17 | 20,351,770.88 | 22,916,871.93 | 25,729,449.88 | 27,237,481.52 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 7.03% | 7.03% | 7.03% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 14,703,041.78 | 14,842,407.10 | 14,981,772.43 |
| Year 2 PV (M) | 15,430,315.97 | 15,724,220.15 | 16,020,897.01 |
| Year 3 PV (M) | 16,133,707.63 | 16,596,848.39 | 17,068,768.82 |
| Year 4 PV (M) | 16,813,752.15 | 17,460,361.61 | 18,125,444.25 |
| Year 5 PV (M) | 17,470,974.51 | 18,314,829.12 | 19,190,980.02 |
| PV of Terminal Value (M) | 458,371,560.57 | 480,511,078.34 | 503,497,927.57 |
| Equity Value (M) | 538,923,352.62 | 563,449,744.72 | 588,885,790.09 |
| Shares Outstanding (M) | 37,277.06 | 37,277.06 | 37,277.06 |
| Fair Value | $14,457.24 | $15,115.19 | $15,797.54 |
| Upside / Downside | 250.90% | 266.87% | 283.44% |
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| 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% |
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| 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% |
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