Definitive Analysis
| Stable Growth | $18,507.85 - $100,722.85 | $33,596.42 |
| Multi-Stage | $11,464.74 - $12,512.03 | $11,978.93 |
| Blended Fair Value | $22,787.67 | |
| Current Price | $4,120.00 | |
| Upside | 453.10% | |
| 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 | 8.05% | 8.05% | 8.05% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Fair Value | $18,507.85 | $33,596.42 | $100,722.85 |
| Upside / Downside | 349.22% | 715.45% | 2,344.73% |
| 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 | 8.05% | 8.05% | 8.05% |
| Growth Rate | 5.50% | 6.50% | 7.50% |
| Year 1 PV (M) | 14,564,562.60 | 14,702,615.32 | 14,840,668.05 |
| Year 2 PV (M) | 15,141,026.85 | 15,429,420.88 | 15,720,535.61 |
| Year 3 PV (M) | 15,682,126.31 | 16,132,303.80 | 16,591,015.21 |
| Year 4 PV (M) | 16,189,210.18 | 16,811,801.52 | 17,452,179.86 |
| Year 5 PV (M) | 16,663,583.63 | 17,468,440.95 | 18,304,102.06 |
| PV of Terminal Value (M) | 349,131,375.55 | 365,994,551.54 | 383,503,120.96 |
| Equity Value (M) | 427,371,885.13 | 446,539,134.02 | 466,411,621.75 |
| Shares Outstanding (M) | 37,277.06 | 37,277.06 | 37,277.06 |
| Fair Value | $11,464.74 | $11,978.93 | $12,512.03 |
| Upside / Downside | 178.27% | 190.75% | 203.69% |
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| 4933.T | I-ne Co. Ltd. | 0.95% | $12.63 | 8.63% |
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| 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% |
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| 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% |
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| 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% |
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| 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% |
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