Definitive Analysis
| Stable Growth | $18,786.48 - $109,727.12 | $34,769.60 |
| Multi-Stage | $11,659.76 - $12,716.07 | $12,178.40 |
| Blended Fair Value | $23,474.00 | |
| Current Price | $4,400.00 | |
| Upside | 433.50% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 24.03% | 19.72% | 353.96 | 264.67 | 180.18 | 110.05 | 177.49 | 120.61 | 99.51 | 66.57 | 65.36 | 53.23 |
| YoY Growth | - | - | 33.74% | 46.89% | 63.72% | -38.00% | 47.17% | 21.20% | 49.49% | 1.84% | 22.80% | -9.03% |
| Dividend Yield | - | - | 6.81% | 3.84% | 3.49% | 2.79% | 5.77% | 5.15% | 2.68% | 1.73% | 2.23% | 2.07% |
| Net Income To Common (M) | 51,495,530.00 |
| (-) Cash Dividends Paid (M) | 43,510,539.00 |
| (=) Cash Retained (M) | 7,984,991.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 10,299,106.00 | 6,436,941.25 | 3,862,164.75 |
| Cash Retained (M) | 7,984,991.00 | 7,984,991.00 | 7,984,991.00 |
| (-) Cash Required (M) | -10,299,106.00 | -6,436,941.25 | -3,862,164.75 |
| (=) Excess Retained (M) | -2,314,115.00 | 1,548,049.75 | 4,122,826.25 |
| (/) Shares Outstanding (M) | 93,333.11 | 93,333.11 | 93,333.11 |
| (=) Excess Retained per Share | -24.79 | 16.59 | 44.17 |
| LTM Dividend per Share | 466.19 | 466.19 | 466.19 |
| (+) Excess Retained per Share | -24.79 | 16.59 | 44.17 |
| (=) Adjusted Dividend | 441.39 | 482.77 | 510.36 |
| WACC / Discount Rate | 7.98% | 7.98% | 7.98% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $18,786.48 | $34,769.60 | $109,727.12 |
| Upside / Downside | 326.97% | 690.22% | 2,393.80% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 51,495,530.00 | 54,842,739.45 | 58,407,517.51 | 62,204,006.15 | 66,247,266.55 | 70,553,338.88 | 72,669,939.04 |
| Payout Ratio | 84.49% | 85.60% | 86.70% | 87.80% | 88.90% | 90.00% | 92.50% |
| Projected Dividends (M) | 43,510,539.00 | 46,942,672.33 | 50,637,150.96 | 54,613,579.03 | 58,893,000.78 | 63,498,004.99 | 67,219,693.62 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 7.98% | 7.98% | 7.98% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 43,065,788.90 | 43,473,995.43 | 43,882,201.96 |
| Year 2 PV (M) | 42,618,529.28 | 43,430,292.55 | 44,249,713.97 |
| Year 3 PV (M) | 42,169,109.72 | 43,379,633.32 | 44,613,104.55 |
| Year 4 PV (M) | 41,717,865.09 | 43,322,216.45 | 44,972,403.01 |
| Year 5 PV (M) | 41,265,116.01 | 43,258,236.54 | 45,327,638.49 |
| PV of Terminal Value (M) | 877,404,997.08 | 919,783,986.51 | 963,784,919.63 |
| Equity Value (M) | 1,088,241,406.07 | 1,136,648,360.80 | 1,186,829,981.60 |
| Shares Outstanding (M) | 93,333.11 | 93,333.11 | 93,333.11 |
| Fair Value | $11,659.76 | $12,178.40 | $12,716.07 |
| Upside / Downside | 164.99% | 176.78% | 189.00% |
| 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% |