Definitive Analysis
| Stable Growth | $149,225.11 - $175,812.47 | $164,762.03 |
| Multi-Stage | $31,450.53 - $34,449.89 | $32,922.53 |
| Blended Fair Value | $98,842.28 | |
| Current Price | $7,225.00 | |
| Upside | 1,268.06% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 9.32% | 6.52% | 267.00 | 257.00 | 278.00 | 278.00 | 278.00 | 171.00 | 302.00 | 235.00 | 168.00 | 220.00 |
| YoY Growth | - | - | 3.89% | -7.55% | 0.00% | 0.00% | 62.57% | -43.38% | 28.51% | 39.88% | -23.64% | 54.93% |
| Dividend Yield | - | - | 3.76% | 4.00% | 4.48% | 4.67% | 4.21% | 2.69% | 4.81% | 3.26% | 2.10% | 3.04% |
| Net Income To Common (M) | 7,762,205.00 |
| (-) Cash Dividends Paid (M) | 2,458,520.00 |
| (=) Cash Retained (M) | 5,303,685.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 1,552,441.00 | 970,275.63 | 582,165.38 |
| Cash Retained (M) | 5,303,685.00 | 5,303,685.00 | 5,303,685.00 |
| (-) Cash Required (M) | -1,552,441.00 | -970,275.63 | -582,165.38 |
| (=) Excess Retained (M) | 3,751,244.00 | 4,333,409.38 | 4,721,519.63 |
| (/) Shares Outstanding (M) | 8,780.43 | 8,780.43 | 8,780.43 |
| (=) Excess Retained per Share | 427.23 | 493.53 | 537.73 |
| LTM Dividend per Share | 280.00 | 280.00 | 280.00 |
| (+) Excess Retained per Share | 427.23 | 493.53 | 537.73 |
| (=) Adjusted Dividend | 707.23 | 773.53 | 817.73 |
| WACC / Discount Rate | 5.90% | 5.90% | 5.90% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $149,225.11 | $164,762.03 | $175,812.47 |
| Upside / Downside | 1,965.40% | 2,180.44% | 2,333.39% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 7,762,205.00 | 8,266,748.33 | 8,804,086.97 | 9,376,352.62 | 9,985,815.54 | 10,634,893.55 | 10,953,940.36 |
| Payout Ratio | 31.67% | 43.34% | 55.00% | 66.67% | 78.33% | 90.00% | 92.50% |
| Projected Dividends (M) | 2,458,520.00 | 3,582,673.74 | 4,842,580.22 | 6,251,137.74 | 7,822,347.84 | 9,571,404.19 | 10,132,394.83 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 5.90% | 5.90% | 5.90% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 3,351,422.97 | 3,383,190.01 | 3,414,957.05 |
| Year 2 PV (M) | 4,237,608.06 | 4,318,322.60 | 4,399,798.58 |
| Year 3 PV (M) | 5,117,113.06 | 5,264,006.99 | 5,413,685.55 |
| Year 4 PV (M) | 5,989,975.55 | 6,220,333.11 | 6,457,271.82 |
| Year 5 PV (M) | 6,856,232.94 | 7,187,391.55 | 7,531,224.38 |
| PV of Terminal Value (M) | 250,596,724.13 | 262,700,639.61 | 275,267,800.43 |
| Equity Value (M) | 276,149,076.72 | 289,073,883.87 | 302,484,737.82 |
| Shares Outstanding (M) | 8,780.43 | 8,780.43 | 8,780.43 |
| Fair Value | $31,450.53 | $32,922.53 | $34,449.89 |
| Upside / Downside | 335.30% | 355.68% | 376.82% |
| 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% |