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 % ⇵ |
|---|---|---|---|---|
| 603890.SS | Suzhou Chunqiu Electronic Technology Co., Ltd. | 1.16% | $0.19 | 26.66% |
| 688596.SS | Shanghai GenTech Co., Ltd. | 1.16% | $0.37 | 39.36% |
| 9520.SR | Shatirah House Restaurant Co. | 1.16% | $0.28 | 72.19% |
| HKB.SI | AMTD IDEA Group | 1.16% | $0.04 | 1.49% |
| LUVE.MI | LU-VE S.p.A. | 1.16% | $0.46 | 28.39% |
| M-CHAI.BK | Mahachai Hospital Public Company Limited | 1.16% | $0.25 | 41.99% |
| TEL | TE Connectivity Ltd. | 1.16% | $2.69 | 43.59% |
| 002705.SZ | Guangdong Xinbao Electrical Appliances Holdings Co., Ltd | 1.15% | $0.16 | 11.95% |
| 2588.HK | BOC Aviation Limited | 1.15% | $0.85 | 33.42% |
| 300939.SZ | Shenzhen AV-Display Co., Ltd. | 1.15% | $0.40 | 58.71% |
| 4368.T | Fuso Chemical Co.,Ltd. | 1.15% | $72.95 | 21.72% |
| 4543.T | Terumo Corporation | 1.15% | $26.07 | 29.43% |
| 600338.SS | Tibet Summit Resources Co.,Ltd. | 1.15% | $0.17 | 35.44% |
| 600763.SS | Topchoice Medical Corporation | 1.15% | $0.46 | 39.91% |
| 601600.SS | Aluminum Corporation of China Limited | 1.15% | $0.14 | 16.77% |
| 603223.SS | Hengtong Logistics Co., Ltd. | 1.15% | $0.11 | 32.46% |
| 605003.SS | ZhongWang Fabric Co., Ltd. | 1.15% | $0.41 | 69.19% |
| 7115.T | Alpha Purchase Co., Ltd. | 1.15% | $25.89 | 27.00% |
| FSL.BO | Firstsource Solutions Limited | 1.15% | $3.90 | 41.18% |
| SAP.DE | SAP SE | 1.15% | $2.33 | 38.73% |
| TERRA13.MX | Fibra Terrafina | 1.15% | $0.46 | 14.15% |
| TTEN3.SA | Três Tentos Agroindustrial S/A | 1.15% | $0.19 | 11.01% |
| 001301.SZ | Shijiazhuang Shangtai Technology Co., Ltd. | 1.14% | $0.98 | 26.25% |
| 004370.KS | Nongshim Co., Ltd. | 1.14% | $4,883.43 | 18.11% |
| 0HA8.L | Corporación Financiera Alba, S.A. | 1.14% | $0.96 | 59.26% |
| 0ZPV.L | Jenoptik AG | 1.14% | $0.35 | 24.94% |
| 2651.T | Lawson, Inc. | 1.14% | $117.38 | 22.18% |
| 300636.SZ | Jiangxi Synergy Pharmaceutical Co., Ltd. | 1.14% | $0.09 | 38.18% |
| 301181.SZ | Jiangyin Pivot Automotive Products Co., Ltd. | 1.14% | $0.50 | 47.28% |
| 4200.SR | Aldrees Petroleum and Transport Services Company | 1.14% | $1.50 | 36.84% |
| 600552.SS | Triumph Science & Technology Co.,Ltd | 1.14% | $0.14 | 85.31% |
| 601969.SS | Hainan Mining Co., Ltd. | 1.14% | $0.14 | 57.09% |
| 688314.SS | Kontour (Xi'an) Medical Technology Co., Ltd. | 1.14% | $0.38 | 34.72% |
| 8466.TW | M.J. International Co., Ltd. | 1.14% | $0.25 | 22.59% |
| 8467.TW | Bonny Worldwide Limited | 1.14% | $2.02 | 15.71% |
| 9936.HK | Ximei Resources Holding Limited | 1.14% | $0.07 | 9.69% |
| TANLA.BO | Tanla Platforms Limited | 1.14% | $6.06 | 16.86% |
| VIT-B.ST | Vitec Software Group AB (publ) | 1.14% | $3.30 | 33.04% |
| WINE.JK | PT HATTEN BALI Tbk | 1.14% | $2.35 | 15.27% |
| 001696.SZ | Chongqing Zongshen Power Machinery Co.,Ltd | 1.13% | $0.25 | 33.93% |
| 002363.SZ | Shandong Longji Machinery Co.,Ltd | 1.13% | $0.11 | 91.74% |
| 095610.KQ | TES Co., Ltd | 1.13% | $600.14 | 15.66% |
| 098070.KQ | Hantech | 1.13% | $356.99 | 10.94% |
| 206640.KQ | Boditech Med Inc. | 1.13% | $150.03 | 12.80% |
| 3498.T | Kasumigaseki Capital Co.,Ltd. | 1.13% | $83.26 | 16.29% |
| 600054.SS | Huangshan Tourism Development Co.,Ltd. | 1.13% | $0.13 | 33.02% |
| 600377.SS | Jiangsu Expressway Company Limited | 1.13% | $0.14 | 14.78% |
| 601677.SS | Henan Mingtai Al.Industrial Co.,Ltd. | 1.13% | $0.17 | 12.01% |
| 688589.SS | Leaguer (Shenzhen) Microelectronics Corp. | 1.13% | $0.26 | 66.29% |
| 7203.SR | Elm Company | 1.13% | $8.50 | 30.89% |