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 % ⇵ |
|---|---|---|---|---|
| 9753.T | IX Knowledge Incorporated | 1.10% | $14.88 | 9.61% |
| AVT-B.ST | AVTECH Sweden AB (publ) | 1.10% | $0.10 | 32.56% |
| CDA.AX | Codan Limited | 1.10% | $0.32 | 31.38% |
| IDNTT.MI | Id-Entity Sa | 1.10% | $0.03 | 11.47% |
| KGP.L | Kingspan Group plc | 1.10% | $0.80 | 12.81% |
| SHUL3.SA | Schulz S.A. | 1.10% | $0.31 | 44.56% |
| UPR.IR | Uniphar plc | 1.10% | $0.04 | 9.04% |
| ZEEL.BO | Zee Entertainment Enterprises Limited | 1.10% | $1.00 | 16.79% |
| 001250.KS | GS Global Corp. | 1.09% | $25.08 | 4.73% |
| 002429.SZ | Shenzhen MTC Co., Ltd. | 1.09% | $0.08 | 29.88% |
| 002953.SZ | Guangdong Rifeng Electric Cable Co., Ltd. | 1.09% | $0.12 | 32.59% |
| 300319.SZ | Shenzhen Microgate Technology Co., Ltd. | 1.09% | $0.13 | 33.08% |
| 300674.SZ | Yusys Technologies Co., Ltd. | 1.09% | $0.26 | 46.66% |
| 300783.SZ | Three Squirrels Inc. | 1.09% | $0.25 | 44.60% |
| 4091.T | Nippon Sanso Holdings Corporation | 1.09% | $51.01 | 20.63% |
| 600707.SS | Caihong Display Devices Co.,Ltd. | 1.09% | $0.07 | 64.77% |
| 601890.SS | Asian Star Anchor Chain Co., Ltd. Jiangsu | 1.09% | $0.11 | 35.99% |
| 6259.TWO | Bull Will Co., Ltd. | 1.09% | $0.20 | 54.01% |
| 6503.T | Mitsubishi Electric Corporation | 1.09% | $50.17 | 26.33% |
| 6803.T | Teac Corporation | 1.09% | $1.01 | 13.81% |
| 9119.T | Iino Kaiun Kaisha, Ltd. | 1.09% | $15.50 | 11.01% |
| SKAN.SW | SKAN Group AG | 1.09% | $0.58 | 26.70% |
| SWID.JK | PT Saraswanti Indoland Development Tbk | 1.09% | $1.49 | 21.40% |
| 003610.KS | Pangrim Co., Ltd. | 1.08% | $61.37 | 81.78% |
| 1SXP.F | SCHOTT Pharma AG & Co. KGaA | 1.08% | $0.16 | 16.41% |
| 4464.T | SOFT99corporation | 1.08% | $43.43 | 31.92% |
| 600547.SS | Shandong Gold Mining Co., Ltd. | 1.08% | $0.42 | 39.93% |
| 600796.SS | Zhejiang Qianjiang Biochemical Co., Ltd | 1.08% | $0.07 | 31.17% |
| 601888.SS | China Tourism Group Duty Free Corporation Limited | 1.08% | $1.02 | 61.99% |
| 605005.SS | CWB Automotive Electronics Co., Ltd. | 1.08% | $0.21 | 37.31% |
| 605305.SS | Ficont Industry (Beijing) Co., Ltd. | 1.08% | $0.45 | 18.57% |
| CLEO.JK | PT Sariguna Primatirta Tbk | 1.08% | $5.02 | 13.26% |
| LAGR-B.ST | Lagercrantz Group AB (publ) | 1.08% | $2.19 | 41.29% |
| TGLS | Tecnoglass Inc. | 1.08% | $0.56 | 14.58% |
| 002008.SZ | Han's Laser Technology Industry Group Co., Ltd. | 1.07% | $0.44 | 40.28% |
| 002202.SZ | Goldwind Science&Technology Co., Ltd. | 1.07% | $0.22 | 34.44% |
| 028260.KS | Samsung C&T Corporation | 1.07% | $2,611.00 | 20.13% |
| 300824.SZ | Shenzhen Crastal Technology Co.,Ltd | 1.07% | $0.12 | 34.67% |
| 300988.SZ | TianJin JinRong TianYu Precision Machinery Inc. | 1.07% | $0.24 | 33.20% |
| 4063.T | Shin-Etsu Chemical Co., Ltd. | 1.07% | $51.99 | 20.10% |
| 600106.SS | Chongqing road & bridge co.,ltd | 1.07% | $0.07 | 38.79% |
| 603628.SS | Clenergy Technology Co., Ltd. | 1.07% | $0.14 | 43.21% |
| 605333.SS | Kunshan Huguang Auto Harness Co.,Ltd. | 1.07% | $0.32 | 22.66% |
| 688075.SS | Assure Tech (Hangzhou) Co., Ltd. | 1.07% | $0.42 | 43.69% |
| ALKER.PA | Media-Maker S.p.A. | 1.07% | $0.01 | 1.99% |
| HEM.ST | Hemnet Group AB (publ) | 1.07% | $1.70 | 29.97% |
| JIM.L | Jarvis Securities plc | 1.07% | $0.12 | 68.74% |
| LIPR3.SA | Eletrobras Participações S.A. - Eletropar | 1.07% | $0.39 | 18.20% |
| LTIM.BO | LTIMindtree Limited | 1.07% | $64.91 | 39.55% |
| 002085.SZ | Zhejiang Wanfeng Auto Wheel Co., Ltd. | 1.06% | $0.17 | 44.04% |