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% |
| Ticker ⇵ | Company ⇵ | Dividend Yield % ▼ | Dividend Per Share ⇵ | Payout Ratio % ⇵ |
|---|---|---|---|---|
| 4369.T | Tri Chemical Laboratories Inc. | 1.29% | $34.97 | 19.74% |
| 4909.TWO | New Era Electronics Co., Ltd | 1.29% | $0.75 | 15.67% |
| 600483.SS | Fujian Funeng Co., Ltd. | 1.29% | $0.12 | 11.31% |
| 600830.SS | Sunny Loan Top Co.,Ltd. | 1.29% | $0.12 | 82.65% |
| 600885.SS | Hongfa Technology Co., Ltd. | 1.29% | $0.39 | 31.98% |
| 603180.SS | GoldenHome Living Co., Ltd. | 1.29% | $0.26 | 27.79% |
| 6213.TW | ITEQ Corporation | 1.29% | $1.50 | 44.44% |
| 8233.T | Takashimaya Company, Limited | 1.29% | $21.16 | 18.17% |
| ALBKK.PA | Baikowski S.A. | 1.29% | $0.30 | 15.97% |
| CENER.BR | Cenergy Holdings S.A. | 1.29% | $0.20 | 15.13% |
| COLUM.CO | Columbus A/S | 1.29% | $0.13 | 43.75% |
| DKFT.JK | PT Central Omega Resources Tbk | 1.29% | $10.00 | 10.62% |
| FII.PA | Lisi S.A. | 1.29% | $0.69 | 27.06% |
| HYGN.JK | Ecocare Indo Pasifik Tbk | 1.29% | $2.16 | 28.24% |
| INCAP.BO | Incap Limited | 1.29% | $1.00 | 80.52% |
| 000568.SZ | Luzhou Laojiao Co.,Ltd. | 1.28% | $1.49 | 17.31% |
| 000612.SZ | JiaoZuo WanFang Aluminum Manufacturing Co., Ltd | 1.28% | $0.14 | 17.40% |
| 002498.SZ | Qingdao Hanhe Cable Co.,Ltd | 1.28% | $0.05 | 29.88% |
| 002830.SZ | Shenzhen Mingdiao Decoration Co., Ltd. | 1.28% | $0.25 | 81.30% |
| 0P2N.L | Ferrovial, S.A. | 1.28% | $0.37 | 7.25% |
| 0REW.L | Züblin Immobilien Holding AG | 1.28% | $0.58 | 13.95% |
| 300566.SZ | Ningbo Exciton Technology Co., Ltd. | 1.28% | $0.24 | 32.55% |
| 383310.KQ | Ecopro HN Co., Ltd. | 1.28% | $299.13 | 37.96% |
| 600114.SS | NBTM New Materials Group Co., Ltd. | 1.28% | $0.39 | 44.85% |
| 603109.SS | Senci Electric Machinery Co.,Ltd. | 1.28% | $0.33 | 29.80% |
| 6274.TWO | Taiwan Union Technology Corporation | 1.28% | $6.17 | 59.29% |
| 6415.TW | Silergy Corp. | 1.28% | $2.37 | 36.29% |
| 688338.SS | Beijing Succeeder Technology Inc. | 1.28% | $0.33 | 36.57% |
| 688687.SS | Beijing Kawin Technology Share-Holding Co., Ltd. | 1.28% | $0.32 | 39.11% |
| 8010.SR | The Company for Cooperative Insurance | 1.28% | $1.52 | 21.22% |
| ACCELERATE.BO | AccelerateBS India Ltd. | 1.28% | $1.00 | 15.67% |
| 000560.SZ | 5i5j Holding Group Co., Ltd. | 1.27% | $0.04 | 81.20% |
| 002438.SZ | Jiangsu Shentong Valve Co., Ltd. | 1.27% | $0.20 | 34.02% |
| 002850.SZ | Shenzhen Kedali Industry Co., Ltd. | 1.27% | $2.00 | 33.47% |
| 002972.SZ | Shenzhen keanda electronic technology co.,ltd | 1.27% | $0.15 | 46.95% |
| 003025.SZ | Sijin Intelligent Forming Machinery Co., Ltd. | 1.27% | $0.18 | 35.63% |
| 089980.KQ | Sang-A Frontec Co.,Ltd. | 1.27% | $199.18 | 25.34% |
| 185750.KS | Chong Kun Dang Pharmaceutical Corp. | 1.27% | $1,049.02 | 22.67% |
| 2049.TW | Hiwin Technologies Corp. | 1.27% | $2.49 | 54.85% |
| 214420.KS | Tonymoly Co., Ltd | 1.27% | $120.53 | 18.35% |
| 300724.SZ | Shenzhen S.C New Energy Technology Corporation | 1.27% | $1.21 | 12.25% |
| 5490.TWO | XAC Automation Corporation | 1.27% | $0.35 | 23.58% |
| 7084.KL | QL Resources Berhad | 1.27% | $0.05 | 41.79% |
| 7293.KL | Yinson Holdings Berhad | 1.27% | $0.03 | 15.30% |
| TFCO4.SA | Track & Field Co S.A. | 1.27% | $0.20 | 22.14% |
| 002937.SZ | Ningbo Sunrise Elc Technology Co.,Ltd | 1.26% | $0.30 | 57.29% |
| 1788.HK | Guotai Junan International Holdings Limited | 1.26% | $0.03 | 32.32% |
| 3769.T | GMO Payment Gateway, Inc. | 1.26% | $122.56 | 46.89% |
| 3774.T | Internet Initiative Japan Inc. | 1.26% | $34.77 | 27.53% |
| 603257.SS | China Nerin Engineering Co Ltd | 1.26% | $0.75 | 66.31% |