Definitive Analysis
| Stable Growth | $35,630.43 - $111,321.37 | $104,324.43 |
| Multi-Stage | $15,269.40 - $16,689.32 | $15,966.41 |
| Blended Fair Value | $60,145.42 | |
| Current Price | $4,120.00 | |
| Upside | 1,359.84% | |
| Decision | Buy | |
| Metric | 5Y CAGR | 10Y CAGR | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 22.74% | 14.43% | 280.46 | 196.50 | 73.09 | 22.00 | 103.18 | 100.70 | 127.85 | 106.46 | 60.81 | 72.31 |
| YoY Growth | - | - | 42.73% | 168.84% | 232.23% | -78.68% | 2.46% | -21.23% | 20.09% | 75.07% | -15.91% | -0.76% |
| Dividend Yield | - | - | 6.61% | 3.48% | 1.56% | 0.53% | 3.60% | 5.27% | 2.72% | 2.45% | 1.88% | 2.78% |
| Net Income To Common (M) | 20,866,036.00 |
| (-) Cash Dividends Paid (M) | 13,951,339.00 |
| (=) Cash Retained (M) | 6,914,697.00 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (=) Cash Required (M) | 4,173,207.20 | 2,608,254.50 | 1,564,952.70 |
| Cash Retained (M) | 6,914,697.00 | 6,914,697.00 | 6,914,697.00 |
| (-) Cash Required (M) | -4,173,207.20 | -2,608,254.50 | -1,564,952.70 |
| (=) Excess Retained (M) | 2,741,489.80 | 4,306,442.50 | 5,349,744.30 |
| (/) Shares Outstanding (M) | 37,277.06 | 37,277.06 | 37,277.06 |
| (=) Excess Retained per Share | 73.54 | 115.53 | 143.51 |
| LTM Dividend per Share | 374.26 | 374.26 | 374.26 |
| (+) Excess Retained per Share | 73.54 | 115.53 | 143.51 |
| (=) Adjusted Dividend | 447.80 | 489.79 | 517.77 |
| WACC / Discount Rate | 6.83% | 6.83% | 6.83% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $35,630.43 | $104,324.43 | $111,321.37 |
| Upside / Downside | 764.82% | 2,432.15% | 2,601.98% |
| Metric | TTM | Dec-27 | Dec-28 | Dec-29 | Dec-30 | Dec-31 | Terminal |
|---|---|---|---|---|---|---|---|
| Net Income (M) | 20,866,036.00 | 22,222,328.34 | 23,666,779.68 | 25,205,120.36 | 26,843,453.18 | 28,588,277.64 | 29,445,925.97 |
| Payout Ratio | 66.86% | 71.49% | 76.12% | 80.74% | 85.37% | 90.00% | 92.50% |
| Projected Dividends (M) | 13,951,339.00 | 15,886,559.93 | 18,014,415.17 | 20,351,770.88 | 22,916,871.93 | 25,729,449.88 | 27,237,481.52 |
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| WACC / Discount Rate | 6.83% | 6.83% | 6.83% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 14,731,807.87 | 14,871,445.86 | 15,011,083.85 |
| Year 2 PV (M) | 15,490,752.99 | 15,785,808.33 | 16,083,647.20 |
| Year 3 PV (M) | 16,228,588.45 | 16,694,452.91 | 17,169,148.65 |
| Year 4 PV (M) | 16,945,721.34 | 17,597,405.97 | 18,267,708.76 |
| Year 5 PV (M) | 17,642,551.92 | 18,494,693.78 | 19,379,449.11 |
| PV of Terminal Value (M) | 488,158,826.51 | 511,737,080.37 | 536,217,729.49 |
| Equity Value (M) | 569,198,249.10 | 595,180,887.20 | 622,128,767.06 |
| Shares Outstanding (M) | 37,277.06 | 37,277.06 | 37,277.06 |
| Fair Value | $15,269.40 | $15,966.41 | $16,689.32 |
| Upside / Downside | 270.62% | 287.53% | 305.08% |
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| 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% |
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| 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% |
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| 1SXP.F | SCHOTT Pharma AG & Co. KGaA | 1.08% | $0.16 | 16.41% |
| 4464.T | SOFT99corporation | 1.08% | $43.43 | 31.92% |
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| TGLS | Tecnoglass Inc. | 1.08% | $0.56 | 14.58% |
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| 600106.SS | Chongqing road & bridge co.,ltd | 1.07% | $0.07 | 38.79% |
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| LTIM.BO | LTIMindtree Limited | 1.07% | $64.91 | 39.55% |
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