Definitive Analysis
| Stable Growth | $778,297.74 - $1,518,986.22 | $1,071,722.37 |
| Multi-Stage | $652,157.16 - $711,601.21 | $681,342.43 |
| Blended Fair Value | $876,532.40 | |
| Current Price | $451,500.00 | |
| Upside | 94.14% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 6.86% | 18.63% | 16,021.99 | 13,826.78 | 12,022.50 | 8,800.22 | 8,500.22 | 11,500.18 | 10,000.20 | 6,117.67 | 5,228.69 | 4,695.94 |
| YoY Growth | - | - | 15.88% | 15.01% | 36.62% | 3.53% | -26.09% | 15.00% | 63.46% | 17.00% | 11.35% | 61.80% |
| Dividend Yield | - | - | 4.48% | 4.53% | 5.84% | 4.02% | 4.47% | 7.47% | 3.24% | 2.26% | 1.95% | 1.59% |
| Net Income To Common (M) | 1,990,667.81 |
| (-) Cash Dividends Paid (M) | 809,299.28 |
| (=) Cash Retained (M) | 1,181,368.53 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 398,133.56 | 248,833.48 | 149,300.09 |
| Cash Retained (M) | 1,181,368.53 | 1,181,368.53 | 1,181,368.53 |
| (-) Cash Required (M) | -398,133.56 | -248,833.48 | -149,300.09 |
| (=) Excess Retained (M) | 783,234.97 | 932,535.06 | 1,032,068.45 |
| (/) Shares Outstanding (M) | 42.51 | 42.51 | 42.51 |
| (=) Excess Retained per Share | 18,424.72 | 21,936.84 | 24,278.25 |
| LTM Dividend per Share | 19,037.86 | 19,037.86 | 19,037.86 |
| (+) Excess Retained per Share | 18,424.72 | 21,936.84 | 24,278.25 |
| (=) Adjusted Dividend | 37,462.58 | 40,974.70 | 43,316.11 |
| WACC / Discount Rate | 9.90% | 9.90% | 9.90% |
| Growth Rate | 4.86% | 5.86% | 6.86% |
| Fair Value | $778,297.74 | $1,071,722.37 | $1,518,986.22 |
| Upside / Downside | 72.38% | 137.37% | 236.43% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 1,990,667.81 | 2,107,258.06 | 2,230,676.81 | 2,361,324.00 | 2,499,622.99 | 2,646,021.93 | 2,725,402.58 |
| Payout Ratio | 40.65% | 50.52% | 60.39% | 70.26% | 80.13% | 90.00% | 92.50% |
| Projected Dividends (M) | 809,299.28 | 1,064,665.37 | 1,347,168.13 | 1,659,110.28 | 2,002,971.21 | 2,381,419.73 | 2,520,997.39 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 9.90% | 9.90% | 9.90% |
| Growth Rate | 4.86% | 5.86% | 6.86% |
| Year 1 PV (M) | 959,571.61 | 968,722.87 | 977,874.12 |
| Year 2 PV (M) | 1,094,335.09 | 1,115,307.56 | 1,136,479.09 |
| Year 3 PV (M) | 1,214,697.24 | 1,249,782.75 | 1,285,537.44 |
| Year 4 PV (M) | 1,321,696.57 | 1,372,841.51 | 1,425,456.63 |
| Year 5 PV (M) | 1,416,306.56 | 1,485,142.30 | 1,556,628.85 |
| PV of Terminal Value (M) | 21,716,593.73 | 22,772,069.79 | 23,868,191.49 |
| Equity Value (M) | 27,723,200.81 | 28,963,866.78 | 30,250,167.63 |
| Shares Outstanding (M) | 42.51 | 42.51 | 42.51 |
| Fair Value | $652,157.16 | $681,342.43 | $711,601.21 |
| Upside / Downside | 44.44% | 50.91% | 57.61% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| 600082.SS | Tianjin Hi-Tech Development Co.,Ltd. | 1.68% | $0.07 | 72.77% |
| 603815.SS | Anhui Gourgen Traffic Construction Co.,Ltd. | 1.68% | $0.12 | 45.85% |
| 7280.T | Mitsuba Corporation | 1.68% | $17.57 | 8.76% |
| 8985.T | Japan Hotel REIT Investment Corporation | 1.68% | $1,370.97 | 17.79% |
| 002836.SZ | Guangdong New Grand Long Packing Co., Ltd. | 1.67% | $0.25 | 97.86% |
| 2419.HK | Dekon Food & Agriculture Group | 1.67% | $1.16 | 7.76% |
| 5357.T | Yotai Refractories Co., Ltd. | 1.67% | $30.31 | 25.15% |
| 600312.SS | Henan Pinggao Electric Co.,Ltd. | 1.67% | $0.29 | 34.28% |
| 600933.SS | IKD Co., Ltd. | 1.67% | $0.34 | 31.46% |
| 603259.SS | WuXi AppTec Co., Ltd. | 1.67% | $1.52 | 31.50% |
| 688580.SS | Nanjing Vishee Medical Technology Co., Ltd | 1.67% | $0.81 | 61.33% |
| 8359.T | The Hachijuni Bank, Ltd. | 1.67% | $28.27 | 22.23% |
| 9597.SR | Leaf Global Environmental Services Co. | 1.67% | $0.56 | 25.93% |
| BBMD.JK | PT Bank Mestika Dharma Tbk | 1.67% | $34.25 | 40.25% |
| ELN.MI | EL.En. S.p.A. | 1.67% | $0.23 | 25.56% |
| HARB-B.CO | Harboes Bryggeri A/S | 1.67% | $2.00 | 18.85% |
| HARVIA.HE | Harvia Oyj | 1.67% | $0.72 | 56.92% |
| NORBT.OL | Norbit ASA | 1.67% | $2.99 | 50.40% |
| 002240.KS | Kiswire Ltd. | 1.66% | $350.65 | 18.13% |
| 011780.KS | Kumho Petrochemical Co., Ltd. | 1.66% | $1,950.82 | 19.35% |
| 0QI7.L | Addtech AB (publ.) | 1.66% | $3.20 | 43.14% |
| 1346.HK | Lever Style Corporation | 1.66% | $0.02 | 47.86% |
| 1789.HK | AK Medical Holdings Limited | 1.66% | $0.10 | 22.23% |
| 273640.KQ | YM Tech Co., Ltd. | 1.66% | $139.56 | 29.02% |
| 300039.SZ | Shanghai Kaibao Pharmaceutical CO.,Ltd | 1.66% | $0.10 | 30.28% |
| 603231.SS | Solbar Ningbo Protein Technology Co., Ltd. | 1.66% | $0.30 | 32.96% |
| 688575.SS | Shenzhen YHLO Biotech Co., Ltd. | 1.66% | $0.24 | 93.71% |
| AKBNK.IS | Akbank T.A.S. | 1.66% | $1.22 | 13.20% |
| TFII | TFI International Inc. | 1.66% | $1.77 | 45.37% |
| 002124.SZ | Tech-Bank Food Co., Ltd. | 1.65% | $0.05 | 26.60% |
| 002978.SZ | Sichuan Anning Iron and Titanium Co.,Ltd. | 1.65% | $0.54 | 31.99% |
| 009470.KS | Samwha Electric Co.,Ltd. | 1.65% | $500.14 | 26.53% |
| 009900.KS | Myoung Shin Industrial Co.,Ltd | 1.65% | $149.45 | 9.10% |
| 0743.HK | Asia Cement (China) Holdings Corporation | 1.65% | $0.04 | 25.13% |
| 0HDQ.L | Synergie SE | 1.65% | $0.50 | 9.05% |
| 1308.HK | SITC International Holdings Company Limited | 1.65% | $0.46 | 66.51% |
| 2273.HK | Gushengtang Holdings Limited | 1.65% | $0.48 | 19.04% |
| 300750.SZ | Contemporary Amperex Technology Co., Limited | 1.65% | $6.07 | 43.20% |
| 300856.SZ | Nanjing COSMOS Chemical Co., Ltd. | 1.65% | $0.22 | 83.60% |
| 300932.SZ | Sanyou Corporation Limited | 1.65% | $0.20 | 84.47% |
| 323410.KS | KakaoBank Corp. | 1.65% | $360.28 | 37.33% |
| 5101.T | The Yokohama Rubber Co., Ltd. | 1.65% | $99.28 | 24.61% |
| 601228.SS | Guangzhou Port Company Limited | 1.65% | $0.05 | 45.08% |
| 603193.SS | Runben Biotechnology | 1.65% | $0.40 | 52.98% |
| 603312.SS | Suzhou W Deane New Power Elec | 1.65% | $0.77 | 41.51% |
| 9542.SR | Keir International Co. | 1.65% | $0.07 | 23.35% |
| CEVI.ST | CellaVision AB (publ) | 1.65% | $2.50 | 39.38% |
| SII | Sprott Inc. | 1.65% | $1.67 | 61.40% |
| ZUE.WA | ZUE S.A. | 1.65% | $0.21 | 51.75% |
| 2758.TWO | Louisa Professional Coffee Ltd. | 1.64% | $1.50 | 47.97% |