Definitive Analysis
| Stable Growth | $136,220.28 - $160,490.57 | $150,403.16 |
| Multi-Stage | $106,757.41 - $117,145.86 | $111,854.70 |
| Blended Fair Value | $131,128.93 | |
| Current Price | $5,775.00 | |
| Upside | 2,170.63% | |
| 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 | -0.52% | -0.52% | -0.52% |
| 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 | -0.52% | -0.52% | -0.52% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 20,172,176.49 | 20,363,381.96 | 20,554,587.42 |
| Year 2 PV (M) | 24,311,511.81 | 24,774,577.82 | 25,242,012.38 |
| Year 3 PV (M) | 28,877,865.90 | 29,706,845.65 | 30,551,540.19 |
| Year 4 PV (M) | 33,907,756.70 | 35,211,753.33 | 36,553,004.23 |
| Year 5 PV (M) | 39,440,557.79 | 41,345,551.48 | 43,323,453.76 |
| PV of Terminal Value (M) | 4,175,221,270.28 | 4,376,886,018.83 | 4,586,268,951.98 |
| Equity Value (M) | 4,321,931,138.96 | 4,528,288,129.06 | 4,742,493,549.96 |
| Shares Outstanding (M) | 40,483.66 | 40,483.66 | 40,483.66 |
| Fair Value | $106,757.41 | $111,854.70 | $117,145.86 |
| Upside / Downside | 1,748.61% | 1,836.88% | 1,928.50% |
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| 688289.SS | Sansure Biotech Inc. | 1.33% | $0.25 | 66.12% |
| EPRO-B.ST | Electrolux Professional AB (publ) | 1.33% | $0.85 | 36.36% |
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| 002879.SZ | Chang Lan Electric Technology Co.,Ltd. | 1.32% | $0.25 | 73.81% |
| 300286.SZ | Acrel Co.,Ltd. | 1.32% | $0.30 | 36.95% |
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| 603829.SS | Jiangsu Luokai Mechanical &Electrical Co., Ltd . | 1.32% | $0.29 | 41.39% |
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| 6449.TW | Apaq Technology Co., Ltd. | 1.32% | $2.29 | 39.61% |
| 688093.SS | Suzhou Shihua New Material Technology Co., Ltd. | 1.32% | $0.49 | 33.88% |
| ASPO.HE | Aspo Oyj | 1.32% | $0.09 | 14.38% |
| NA9.DE | Nagarro SE | 1.32% | $1.00 | 25.87% |
| 002353.SZ | Yantai Jereh Oilfield Services Group Co., Ltd. | 1.31% | $0.93 | 33.49% |
| 002859.SZ | Zhejiang Jiemei Electronic And Technology Co., Ltd. | 1.31% | $0.36 | 77.54% |
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| 9902.T | NICHIDEN Corporation | 1.31% | $33.40 | 19.49% |
| NRCA.JK | PT Nusa Raya Cipta Tbk | 1.31% | $21.84 | 34.93% |
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| 000559.SZ | Wanxiang Qianchao Co.,Ltd. | 1.30% | $0.22 | 74.64% |
| 1530.HK | 3SBio Inc. | 1.30% | $0.32 | 19.42% |
| 2982.T | A.D.Works Group Co.,Ltd. | 1.30% | $5.48 | 11.64% |
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| 603915.SS | Jiangsu Guomao Reducer Co., Ltd. | 1.30% | $0.24 | 58.27% |
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| 688550.SS | Xi'an Manareco New Materials Co.,Ltd | 1.30% | $0.59 | 29.38% |
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