Definitive Analysis
| Stable Growth | $136,220.28 - $160,490.57 | $150,403.16 |
| Multi-Stage | $105,576.34 - $115,849.11 | $110,616.88 |
| Blended Fair Value | $130,510.02 | |
| Current Price | $5,775.00 | |
| Upside | 2,159.91% | |
| 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 | -0.29% | -0.29% | -0.29% |
| 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 | -0.29% | -0.29% | -0.29% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 20,126,828.56 | 20,317,604.19 | 20,508,379.81 |
| Year 2 PV (M) | 24,202,328.00 | 24,663,314.37 | 25,128,649.66 |
| Year 3 PV (M) | 28,683,547.29 | 29,506,948.85 | 30,345,959.46 |
| Year 4 PV (M) | 33,603,878.86 | 34,896,189.21 | 36,225,419.96 |
| Year 5 PV (M) | 38,999,226.06 | 40,882,903.26 | 42,838,673.22 |
| PV of Terminal Value (M) | 4,128,501,403.40 | 4,327,909,564.91 | 4,534,949,546.12 |
| Equity Value (M) | 4,274,117,212.17 | 4,478,176,524.78 | 4,689,996,628.24 |
| Shares Outstanding (M) | 40,483.66 | 40,483.66 | 40,483.66 |
| Fair Value | $105,576.34 | $110,616.88 | $115,849.11 |
| Upside / Downside | 1,728.16% | 1,815.44% | 1,906.05% |
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|---|---|---|---|---|
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| 7739.T | Canon Electronics Inc. | 0.96% | $34.99 | 20.69% |
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| 300694.SZ | Wuxi Lihu Corporation Limited. | 0.95% | $0.12 | 79.20% |
| 301586.SZ | Anhui Jialiqi Advanced Composites Technology Co., Ltd. | 0.95% | $0.48 | 61.32% |
| 4933.T | I-ne Co. Ltd. | 0.95% | $12.63 | 8.63% |
| 600478.SS | Hunan Corun New Energy Co., Ltd. | 0.95% | $0.07 | 57.83% |
| 603311.SS | Zhejiang Goldensea Hi-Tech Co., Ltd | 0.95% | $0.15 | 37.91% |
| 688601.SS | Wuxi ETEK Microelectronics Co.,Ltd. | 0.95% | $0.40 | 99.02% |
| CBF.WA | Cyber_Folks S.A. | 0.95% | $2.00 | 47.29% |
| FROY.OL | Frøy ASA | 0.95% | $0.72 | 26.30% |
| 002287.SZ | Tibet Cheezheng Tibetan Medicine Co., Ltd. | 0.94% | $0.22 | 20.25% |
| 002324.SZ | Shanghai Pret Composites Co., Ltd. | 0.94% | $0.15 | 64.15% |
| 002981.SZ | Risuntek Inc. | 0.94% | $0.27 | 27.15% |
| 004090.KS | Korea Petroleum Industries Company | 0.94% | $131.48 | 12.76% |
| 1501.HK | Shanghai Kindly Medical Instruments Co., Ltd. | 0.94% | $0.28 | 13.02% |
| 2FE.DE | Ferrari N.V. | 0.94% | $2.98 | 33.18% |
| 300401.SZ | Zhejiang Garden Bio-chemical High-tech Co., Ltd. | 0.94% | $0.14 | 28.55% |
| 300507.SZ | Jiangsu Olive Sensors High-Tech Co., Ltd. | 0.94% | $0.09 | 60.89% |
| 300697.SZ | Jiangyin Electrical Alloy Co.,Ltd | 0.94% | $0.16 | 40.97% |
| 300711.SZ | GHT Co.,Ltd | 0.94% | $0.22 | 61.50% |
| 301192.SZ | Shiyan Taixiang Industry Co.,Ltd. | 0.94% | $0.28 | 69.57% |
| 603036.SS | Jiangsu Rutong Petro-Machinery Co., Ltd | 0.94% | $0.20 | 35.78% |
| 603659.SS | Shanghai Putailai New Energy Technology Co.,Ltd. | 0.94% | $0.26 | 32.78% |
| 6139.KL | Syarikat Takaful Malaysia Keluarga Berhad | 0.94% | $0.03 | 6.88% |
| AFP.AX | AFT Pharmaceuticals Limited | 0.94% | $0.03 | 10.27% |
| CWCO | Consolidated Water Co. Ltd. | 0.94% | $0.33 | 31.17% |
| TITLE.BK | Rhom Bho Property Public Company Limited | 0.94% | $0.05 | 10.84% |
| 000021.SZ | Shenzhen Kaifa Technology Co., Ltd. | 0.93% | $0.24 | 36.11% |
| 002112.SZ | Sanbian Sci Tech Co., Ltd. | 0.93% | $0.12 | 43.85% |
| 002432.SZ | Andon Health Co., Ltd. | 0.93% | $0.37 | 8.12% |
| 002674.SZ | Xingye Leather Technology Co., Ltd. | 0.93% | $0.14 | 35.63% |
| 300905.SZ | Poly Plastic Masterbatch (SuZhou) Co.,Ltd | 0.93% | $0.30 | 38.31% |
| 3489.T | FaithNetwork Co.,Ltd | 0.93% | $7.49 | 7.32% |
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| 9468.T | Kadokawa Corporation | 0.93% | $29.42 | 65.16% |
| CGAS.JK | Citra Nusantara Gemilang Tbk. | 0.93% | $1.69 | 69.26% |
| HLE.DE | HELLA GmbH & Co. KGaA | 0.93% | $0.77 | 27.90% |
| LTHP.L | James Latham Plc | 0.93% | $1.14 | 60.21% |
| PNR | Pentair plc | 0.93% | $0.98 | 24.66% |
| SCNP.JK | PT Selaras Citra Nusantara Perkasa Tbk | 0.93% | $1.50 | 39.76% |
| STE | STERIS plc | 0.93% | $2.33 | 33.45% |
| STX | Seagate Technology Holdings plc | 0.93% | $2.68 | 35.38% |
| 002643.SZ | Valiant Co.,Ltd | 0.92% | $0.14 | 49.79% |
| 002815.SZ | Suntak Technology Co.,Ltd. | 0.92% | $0.13 | 46.57% |
| 004560.KS | Hyundai Bng Steel Co., Ltd. | 0.92% | $100.06 | 12.54% |
| 005800.KS | Shinyoungwacoal,Inc. | 0.92% | $149.96 | 16.31% |
| 034230.KQ | Paradise Co., Ltd. | 0.92% | $94.74 | 9.92% |
| 058470.KQ | LEENO Industrial Inc. | 0.92% | $599.71 | 30.22% |
| 0Q3C.L | SÜSS MicroTec SE | 0.92% | $0.38 | 10.11% |