Definitive Analysis
| Stable Growth | $78,225.81 - $109,727.12 | $102,830.38 |
| Multi-Stage | $18,893.04 - $20,658.16 | $19,759.46 |
| Blended Fair Value | $61,294.92 | |
| Current Price | $4,400.00 | |
| Upside | 1,293.07% | |
| 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 | 6.10% | 6.10% | 6.10% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $78,225.81 | $102,830.38 | $109,727.12 |
| Upside / Downside | 1,677.86% | 2,237.05% | 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 | 6.10% | 6.10% | 6.10% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 43,830,312.83 | 44,245,766.03 | 44,661,219.23 |
| Year 2 PV (M) | 44,145,128.45 | 44,985,969.15 | 45,834,742.31 |
| Year 3 PV (M) | 44,455,031.43 | 45,731,175.62 | 47,031,511.40 |
| Year 4 PV (M) | 44,760,066.99 | 46,481,412.85 | 48,251,936.35 |
| Year 5 PV (M) | 45,060,279.99 | 47,236,708.36 | 49,496,433.77 |
| PV of Terminal Value (M) | 1,541,095,137.28 | 1,615,530,608.65 | 1,692,814,900.72 |
| Equity Value (M) | 1,763,345,956.95 | 1,844,211,640.66 | 1,928,090,743.79 |
| Shares Outstanding (M) | 93,333.11 | 93,333.11 | 93,333.11 |
| Fair Value | $18,893.04 | $19,759.46 | $20,658.16 |
| Upside / Downside | 329.39% | 349.08% | 369.50% |
| 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% |