Definitive Analysis
| Stable Growth | $136,220.28 - $160,490.57 | $150,403.16 |
| Multi-Stage | $114,810.45 - $125,987.70 | $120,294.76 |
| Blended Fair Value | $135,348.96 | |
| Current Price | $5,775.00 | |
| Upside | 2,243.70% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 19.71% | 9.16% | 518.68 | 649.57 | 281.82 | 131.91 | 183.90 | 211.00 | 189.88 | 167.92 | 167.89 | 215.86 |
| YoY Growth | - | - | -20.15% | 130.49% | 113.65% | -28.27% | -12.84% | 11.12% | 13.08% | 0.01% | -22.22% | 0.00% |
| Dividend Yield | - | - | 10.54% | 12.49% | 4.70% | 2.01% | 3.49% | 5.41% | 2.61% | 2.30% | 1.95% | 2.98% |
| Net Income To Common (M) | 32,670,000.00 |
| (-) Cash Dividends Paid (M) | 16,426,000.00 |
| (=) Cash Retained (M) | 16,244,000.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 6,534,000.00 | 4,083,750.00 | 2,450,250.00 |
| Cash Retained (M) | 16,244,000.00 | 16,244,000.00 | 16,244,000.00 |
| (-) Cash Required (M) | -6,534,000.00 | -4,083,750.00 | -2,450,250.00 |
| (=) Excess Retained (M) | 9,710,000.00 | 12,160,250.00 | 13,793,750.00 |
| (/) Shares Outstanding (M) | 40,483.66 | 40,483.66 | 40,483.66 |
| (=) Excess Retained per Share | 239.85 | 300.37 | 340.72 |
| LTM Dividend per Share | 405.74 | 405.74 | 405.74 |
| (+) Excess Retained per Share | 239.85 | 300.37 | 340.72 |
| (=) Adjusted Dividend | 645.59 | 706.12 | 746.47 |
| WACC / Discount Rate | -1.97% | -1.97% | -1.97% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $136,220.28 | $150,403.16 | $160,490.57 |
| Upside / Downside | 2,258.79% | 2,504.38% | 2,679.06% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 32,670,000.00 | 34,793,550.00 | 37,055,130.75 | 39,463,714.25 | 42,028,855.67 | 44,760,731.29 | 46,103,553.23 |
| Payout Ratio | 50.28% | 58.22% | 66.17% | 74.11% | 82.06% | 90.00% | 92.50% |
| Projected Dividends (M) | 16,426,000.00 | 20,257,791.00 | 24,518,314.98 | 29,247,117.91 | 34,487,075.34 | 40,284,658.16 | 42,645,786.74 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | -1.97% | -1.97% | -1.97% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 20,471,067.59 | 20,665,106.15 | 20,859,144.70 |
| Year 2 PV (M) | 25,037,296.48 | 25,514,186.66 | 25,995,575.79 |
| Year 3 PV (M) | 30,180,629.51 | 31,047,006.93 | 31,929,808.07 |
| Year 4 PV (M) | 35,962,509.53 | 37,345,526.16 | 38,768,054.61 |
| Year 5 PV (M) | 42,450,392.79 | 44,500,762.63 | 46,629,604.96 |
| PV of Terminal Value (M) | 4,493,845,747.68 | 4,710,900,177.62 | 4,936,261,791.50 |
| Equity Value (M) | 4,647,947,643.59 | 4,869,972,766.15 | 5,100,443,979.63 |
| Shares Outstanding (M) | 40,483.66 | 40,483.66 | 40,483.66 |
| Fair Value | $114,810.45 | $120,294.76 | $125,987.70 |
| Upside / Downside | 1,888.06% | 1,983.03% | 2,081.61% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| WIIT.MI | Wiit S.p.A. | 1.49% | $0.30 | 78.75% |
| 010130.KS | Korea Zinc Company, Ltd. | 1.48% | $19,110.01 | 86.56% |
| 0R3I.L | Scatec ASA | 1.48% | $1.09 | 19.46% |
| 2445.KL | Kuala Lumpur Kepong Berhad | 1.48% | $0.29 | 39.87% |
| 264900.KS | Crown Confectionery Co., Ltd. | 1.48% | $130.05 | 9.54% |
| 300627.SZ | Shanghai Huace Navigation Technology Ltd | 1.48% | $0.52 | 41.90% |
| 4FY.F | Grupo Financiero Inbursa, S.A.B. de C.V. | 1.48% | $0.03 | 0.78% |
| 601633.SS | Great Wall Motor Company Limited | 1.48% | $0.34 | 26.17% |
| 605499.SS | Eastroc Beverage (Group) Co.,Ltd. | 1.48% | $3.95 | 46.92% |
| CHEMM.CO | ChemoMetec A/S | 1.48% | $10.00 | 53.93% |
| LPC.V | Lorne Park Capital Partners Inc. | 1.48% | $0.03 | 58.11% |
| ROVI.MC | Laboratorios Farmaceuticos Rovi, S.A. | 1.48% | $0.94 | 39.48% |
| 002627.SZ | Hubei Three Gorges Tourism Group Co., Ltd. | 1.47% | $0.11 | 83.03% |
| 4917.T | Mandom Corporation | 1.47% | $40.01 | 89.41% |
| 600908.SS | Wuxi Rural Commercial Bank Co.,Ltd | 1.47% | $0.09 | 8.24% |
| 603128.SS | CTS International Logistics Corporation Limited | 1.47% | $0.09 | 31.49% |
| 603192.SS | Shanghai Huide Science & Technology Co.,Ltd | 1.47% | $0.39 | 42.81% |
| 605155.SS | Zhejiang Xidamen New Material Co.,Ltd. | 1.47% | $0.25 | 38.23% |
| 6824.T | New Cosmos Electric Co.,Ltd. | 1.47% | $60.05 | 21.02% |
| MT.AS | ArcelorMittal S.A. | 1.47% | $0.59 | 17.37% |
| 000120.KS | CJ Logistics Corporation | 1.46% | $1,384.18 | 11.62% |
| 001319.SZ | Winstech Precision Holding Co., Ltd. | 1.46% | $0.40 | 42.15% |
| 002430.SZ | Hangzhou Oxygen Plant Group Co.,Ltd. | 1.46% | $0.44 | 42.21% |
| 088790.KS | Jindo.Co., Ltd. | 1.46% | $29.41 | 17.12% |
| 138A.T | Hikari Food Service Co Ltd | 1.46% | $39.93 | 30.85% |
| 195870.KS | HAESUNG DS Co., Ltd. | 1.46% | $800.14 | 51.39% |
| 600475.SS | Wuxi Huaguang Environment & Energy Group Co.,Ltd. | 1.46% | $0.27 | 45.95% |
| 603896.SS | Zhejiang Shouxiangu Pharmaceutical Co., Ltd. | 1.46% | $0.28 | 42.25% |
| 6517.T | Denyo Co., Ltd. | 1.46% | $52.36 | 21.56% |
| 688269.SS | Kaili Catalyst & New Materials Co.,Ltd. | 1.46% | $0.58 | 68.32% |
| 688777.SS | Zhejiang Supcon Technology Co., Ltd. | 1.46% | $0.72 | 68.29% |
| ALU10.PA | U10 Corp | 1.46% | $0.02 | 61.68% |
| DESP | Despegar.com, Corp. | 1.46% | $0.28 | 85.32% |
| DGI9.L | Digital 9 Infrastructure PLC | 1.46% | $0.09 | 18.97% |
| FALABELLA.SN | Falabella S.A. | 1.46% | $88.36 | 25.66% |
| 052400.KQ | Kona I Co.,Ltd. | 1.45% | $683.72 | 25.31% |
| 138040.KS | Meritz Financial Group Inc. | 1.45% | $1,617.86 | 12.25% |
| 300708.SZ | Focus Lightings Tech Co., Ltd. | 1.45% | $0.13 | 49.25% |
| 3056.TW | Fu Hua Innovation Co. Ltd. | 1.45% | $0.26 | 5.02% |
| 601116.SS | Sanjiang Shopping Club Co.,Ltd | 1.45% | $0.20 | 80.56% |
| 603089.SS | ADD Industry (Zhejiang) Co. Ltd. | 1.45% | $0.18 | 28.19% |
| 9523.SR | Group Five Pipe Saudi Ltd. | 1.45% | $0.50 | 8.57% |
| BBIK.BK | Bluebik Group Public Company Limited | 1.45% | $0.22 | 13.18% |
| EXO.AS | Exor N.V. | 1.45% | $1.05 | 1.36% |
| PNVL3.SA | Dimed S.A. Distribuidora de Medicamentos | 1.45% | $0.18 | 23.28% |
| SIG | Signet Jewelers Limited | 1.45% | $1.25 | 35.52% |
| URB-A.CN | Urbana Corporation | 1.45% | $0.13 | 5.63% |
| 002242.SZ | Joyoung Co.,Ltd | 1.44% | $0.15 | 77.40% |
| 009070.KS | KCTC Co. Ltd | 1.44% | $88.49 | 12.75% |
| 012320.KS | Kyungdong Invest Co., Ltd | 1.44% | $760.23 | 7.07% |