Definitive Analysis
| Stable Growth | $5,272,974.42 - $28,851,153.94 | $9,581,228.72 |
| Multi-Stage | $3,419,627.60 - $3,745,950.66 | $3,579,775.48 |
| Blended Fair Value | $6,580,502.10 | |
| Current Price | $384,000.00 | |
| Upside | 1,613.67% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | -7.84% | -2.88% | 8,000.19 | 8,000.19 | 7,248.18 | 6,248.15 | 6,804.49 | 12,034.29 | 12,034.41 | 12,059.64 | 12,069.50 | 11,989.72 |
| YoY Growth | - | - | 0.00% | 10.38% | 16.01% | -8.18% | -43.46% | 0.00% | -0.21% | -0.08% | 0.67% | 11.84% |
| Dividend Yield | - | - | 3.17% | 3.11% | 3.26% | 1.83% | 2.87% | 9.29% | 3.85% | 3.49% | 3.41% | 2.88% |
| Net Income To Common (M) | 1,177,191.38 |
| (-) Cash Dividends Paid (M) | 73,541.71 |
| (=) Cash Retained (M) | 1,103,649.67 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 235,438.28 | 147,148.92 | 88,289.35 |
| Cash Retained (M) | 1,103,649.67 | 1,103,649.67 | 1,103,649.67 |
| (-) Cash Required (M) | -235,438.28 | -147,148.92 | -88,289.35 |
| (=) Excess Retained (M) | 868,211.40 | 956,500.75 | 1,015,360.32 |
| (/) Shares Outstanding (M) | 7.35 | 7.35 | 7.35 |
| (=) Excess Retained per Share | 118,059.75 | 130,065.37 | 138,069.12 |
| LTM Dividend per Share | 10,000.23 | 10,000.23 | 10,000.23 |
| (+) Excess Retained per Share | 118,059.75 | 130,065.37 | 138,069.12 |
| (=) Adjusted Dividend | 128,059.98 | 140,065.61 | 148,069.35 |
| WACC / Discount Rate | 7.50% | 7.50% | 7.50% |
| Growth Rate | 4.95% | 5.95% | 6.95% |
| Fair Value | $5,272,974.42 | $9,581,228.72 | $28,851,153.94 |
| Upside / Downside | 1,273.17% | 2,395.11% | 7,413.32% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 1,177,191.38 | 1,247,271.54 | 1,321,523.69 | 1,400,196.19 | 1,483,552.20 | 1,571,870.53 | 1,619,026.64 |
| Payout Ratio | 6.25% | 23.00% | 39.75% | 56.50% | 73.25% | 90.00% | 92.50% |
| Projected Dividends (M) | 73,541.71 | 286,844.69 | 525,283.61 | 791,095.27 | 1,086,693.73 | 1,414,683.47 | 1,497,599.64 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 7.50% | 7.50% | 7.50% |
| Growth Rate | 4.95% | 5.95% | 6.95% |
| Year 1 PV (M) | 264,308.79 | 266,827.14 | 269,345.49 |
| Year 2 PV (M) | 445,988.24 | 454,527.54 | 463,147.81 |
| Year 3 PV (M) | 618,903.77 | 636,763.72 | 654,964.01 |
| Year 4 PV (M) | 783,368.83 | 813,654.19 | 844,809.31 |
| Year 5 PV (M) | 939,686.93 | 985,315.15 | 1,032,698.85 |
| PV of Terminal Value (M) | 22,095,684.81 | 23,168,581.16 | 24,282,755.73 |
| Equity Value (M) | 25,147,941.38 | 26,325,668.90 | 27,547,721.19 |
| Shares Outstanding (M) | 7.35 | 7.35 | 7.35 |
| Fair Value | $3,419,627.60 | $3,579,775.48 | $3,745,950.66 |
| Upside / Downside | 790.53% | 832.23% | 875.51% |
| 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% |