Dividend Discount Models Snapshot
| Model | Range | Selected |
|---|---|---|
| Stable Growth DDM | $133.25 - $243.43 | $178.02 |
| Multi-Stage DDM | $100.63 - $110.15 | $105.30 |
| Blended Fair Value | $141.66 | |
| Stock Price | $263.70 | |
Dividend History (Last 10 Years)
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 1.028 | 0.989 | 0.950 | 0.909 | 0.858 | 0.803 | 0.759 | 0.686 | 0.608 | 0.552 |
| YoY % | 3.95% | 4.05% | 4.53% | 5.97% | 6.78% | 5.80% | 10.75% | 12.79% | 10.07% | 10.69% |
| Yield | 0.39% | 0.37% | 0.36% | 0.34% | 0.33% | 0.30% | 0.29% | 0.26% | 0.23% | 0.21% |
| CAGR | Value |
|---|---|
| 5 Year | 5.05% |
| 10 Year | 7.49% |
Discounted Dividend Model - Stable Growth
| Metric | Range | Selected |
|---|---|---|
| LT Growth | 3.56% to 5.56% | 4.56% |
| WACC | 9.00% | 9.00% |
| Fair Value | $133.25 - $243.43 | $178.02 |
Calculation Details (Millions)
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (*) Adjusted Net Income | 112,010.00 | 112,010.00 | 112,010.00 |
| (=) Cash Required | 22,402.00 | 14,001.25 | 8,400.75 |
| (=) Excess Retained per Share | 5.97 | 6.53 | 6.91 |
| LTM Dividend per Share | 1.028 | 1.028 | 1.028 |
| (=) Adjusted Dividend | 7.000 | 7.560 | 7.933 |
Multi-Stage Projections (BASE Case - Millions)
| Metric | TTM | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
|---|---|---|---|---|---|---|
| Net Income | 112,010.00 | 117,117.64 | 122,458.18 | 128,042.25 | 133,880.96 | 139,985.90 |
| Projected Dividends | 15,421.00 | 29,279.41 | 50,207.85 | 72,984.08 | 97,733.10 | 125,987.31 |
Multi-Stage Valuation (Millions)
| Present Values | LOW | BASE | HIGH |
|---|---|---|---|
| Year 1 PV | 27,776.37 | 28,044.59 | 28,312.80 |
| Year 2 PV | 43,279.76 | 44,119.63 | 44,967.58 |
| Year 3 PV | 57,166.46 | 58,838.54 | 60,542.92 |
| Year 4 PV | 69,559.23 | 72,285.12 | 75,090.35 |
| Year 5 PV | 81,477.91 | 85,488.48 | 89,655.43 |
| TV PV | 1,230,657.40 | 1,291,233.65 | 1,354,172.13 |
| Equity Value | 1,509,917.14 | 1,580,010.01 | 1,652,741.22 |
| Fair Value | $100.63 | $105.30 | $110.15 |
Top Dividend Stocks
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|---|---|---|---|---|
| ATOM3.SA | ATOM3.SA | 19.90% | $0.58 | 71.92% |
| 3698.HK | 3698.HK | 19.56% | $0.64 | 28.80% |
| SVAV.ME | SVAV.ME | 19.34% | $110.64 | 40.44% |
| 0536.HK | 0536.HK | 19.33% | $0.20 | 86.09% |
| 3658.HK | 3658.HK | 19.28% | $0.37 | 66.51% |
| 0123.HK | 0123.HK | 19.19% | $0.77 | 90.88% |
| 0N7I.L | 0N7I.L | 19.19% | $0.36 | 54.94% |
| 1798.HK | 1798.HK | 19.01% | $0.40 | 63.00% |
| LBS.TO | LBS.TO | 19.00% | $2.25 | 40.31% |
| HMSB.DE | HMSB.DE | 18.98% | $3.26 | 47.98% |
| 0608.HK | 0608.HK | 18.79% | $0.31 | 50.08% |
| 0U8N.L | 0U8N.L | 18.72% | $53.82 | 66.14% |
| CAAS | CAAS | 18.61% | $0.80 | 72.30% |
| KRSB.ME | KRSB.ME | 18.38% | $4.07 | 82.55% |
| 1127.HK | 1127.HK | 18.37% | $0.25 | 47.23% |
| HAVAS.AS | HAVAS.AS | 18.35% | $3.14 | 90.23% |
| 1480.HK | 1480.HK | 18.33% | $0.22 | 49.33% |
| NA-PC.TO | NA-PC.TO | 18.32% | $4.93 | 48.59% |
| 1412.HK | 1412.HK | 18.24% | $0.29 | 73.74% |
| FVJ.F | FVJ.F | 18.16% | $2.27 | 76.64% |
| YATO.MC | YATO.MC | 18.06% | $2.85 | 68.99% |
| 0327.HK | 0327.HK | 17.98% | $0.92 | 61.66% |
| 1MO.F | 1MO.F | 17.92% | $1.04 | 40.52% |
| PIN.BK | PIN.BK | 17.92% | $0.76 | 80.79% |
| 1883.HK | 1883.HK | 17.86% | $0.44 | 87.51% |
| 6896.HK | 6896.HK | 17.79% | $0.55 | 76.14% |
| VOT.WA | VOT.WA | 17.65% | $8.15 | 59.83% |
| ALTUR.PA | ALTUR.PA | 17.58% | $1.93 | 37.11% |
| O7F1.F | O7F1.F | 17.55% | $1.78 | 73.02% |
| 2219.HK | 2219.HK | 17.38% | $0.47 | 84.16% |
| 001390.KS | 001390.KS | 17.24% | $884.51 | 97.69% |
| 2360.HK | 2360.HK | 17.23% | $0.35 | 82.20% |
| ALSAS.PA | ALSAS.PA | 17.16% | $0.80 | 55.65% |
| 9615.SR | 9615.SR | 17.11% | $5.39 | 35.54% |
| LPPF.JK | LPPF.JK | 17.09% | $300.00 | 82.85% |
| 0LNT.L | 0LNT.L | 17.06% | $1.52 | 39.50% |
| 0458.HK | 0458.HK | 17.02% | $0.31 | 33.15% |
| 2283.HK | 2283.HK | 16.99% | $0.43 | 72.10% |
| 1263.HK | 1263.HK | 16.85% | $0.90 | 63.10% |
| 2603.TW | 2603.TW | 16.83% | $32.49 | 77.53% |
| ALHRG.PA | ALHRG.PA | 16.78% | $3.66 | 97.55% |
| TD-PFJ.TO | TD-PFJ.TO | 16.67% | $4.38 | 36.07% |
| S7MB.BE | S7MB.BE | 16.59% | $2.25 | 23.09% |
| 1184.HK | 1184.HK | 16.56% | $0.75 | 52.32% |
| PBR-A | PBR-A | 16.54% | $1.87 | 86.52% |
| VRLA.PA | VRLA.PA | 16.47% | $3.83 | 97.79% |
| 6668.HK | 6668.HK | 16.42% | $0.23 | 72.71% |
| 0098.HK | 0098.HK | 16.13% | $1.17 | 29.94% |
| ING.AX | ING.AX | 16.09% | $0.41 | 79.67% |
| 1234.HK | 1234.HK | 16.04% | $0.54 | 66.61% |