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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|---|---|---|---|---|
| BNGA.JK | BNGA.JK | 8.91% | $157.72 | 56.96% |
| QIGD.QA | QIGD.QA | 8.91% | $0.13 | 97.17% |
| MCS-R.BK | MCS-R.BK | 8.90% | $0.74 | 34.29% |
| 0QR1.L | 0QR1.L | 8.89% | $22.40 | 90.72% |
| 0816.HK | 0816.HK | 8.88% | $0.23 | 55.27% |
| 3492.T | 3492.T | 8.88% | $8,301.09 | 88.12% |
| 3998.HK | 3998.HK | 8.86% | $0.40 | 70.17% |
| PJP.WA | PJP.WA | 8.86% | $1.42 | 65.03% |
| 603565.SS | 603565.SS | 8.84% | $0.89 | 87.23% |
| ALVAP.PA | ALVAP.PA | 8.83% | $0.37 | 24.09% |
| IPS.PA | IPS.PA | 8.83% | $2.99 | 38.93% |
| RFF.AX | RFF.AX | 8.83% | $0.17 | 15.19% |
| KOV.AX | KOV.AX | 8.81% | $1.24 | 60.47% |
| 0QUS.L | 0QUS.L | 8.80% | $8.05 | 94.74% |
| 9620.SR | 9620.SR | 8.80% | $2.40 | 63.98% |
| PPM.AX | PPM.AX | 8.80% | $0.20 | 44.77% |
| VK.PA | VK.PA | 8.80% | $1.41 | 83.22% |
| BBNI.JK | BBNI.JK | 8.79% | $374.46 | 66.86% |
| KJL.BK | KJL.BK | 8.79% | $0.54 | 73.06% |
| 0856.HK | 0856.HK | 8.78% | $0.71 | 47.24% |
| BA-R.BK | BA-R.BK | 8.78% | $1.30 | 83.23% |
| PFRM3.SA | PFRM3.SA | 8.78% | $0.74 | 78.88% |
| 0001.HK | 0001.HK | 8.77% | $4.73 | 59.96% |
| NOBLE-R.BK | NOBLE-R.BK | 8.75% | $0.19 | 27.34% |
| RANA.OL | RANA.OL | 8.75% | $6.75 | 83.80% |
| PDG.BK | PDG.BK | 8.74% | $0.26 | 90.35% |
| WHC.AX | WHC.AX | 8.74% | $0.68 | 56.57% |
| DLTA.JK | DLTA.JK | 8.73% | $175.42 | 99.09% |
| 8371.HK | 8371.HK | 8.70% | $0.18 | 53.44% |
| TRAN.BA | TRAN.BA | 8.70% | $301.79 | 91.83% |
| 0257.HK | 0257.HK | 8.69% | $0.42 | 35.73% |
| EMB.AX | EMB.AX | 8.69% | $0.70 | 69.10% |
| HP3A.DE | HP3A.DE | 8.69% | $0.24 | 38.33% |
| RDTX.JK | RDTX.JK | 8.69% | $1,103.93 | 95.63% |
| S56.SI | S56.SI | 8.69% | $0.10 | 60.61% |
| 1307.TW | 1307.TW | 8.68% | $2.70 | 91.10% |
| ASIZ.L | ASIZ.L | 8.68% | $11.04 | 47.29% |
| PIC.AX | PIC.AX | 8.68% | $0.11 | 97.90% |
| CPHN.SW | CPHN.SW | 8.66% | $5.99 | 89.84% |
| JIN.AX | JIN.AX | 8.66% | $0.99 | 74.11% |
| PM-R.BK | PM-R.BK | 8.66% | $1.03 | 90.60% |
| 0546.HK | 0546.HK | 8.65% | $0.70 | 30.72% |
| ITB.DE | ITB.DE | 8.65% | $3.09 | 55.77% |
| LOGG3.SA | LOGG3.SA | 8.64% | $2.19 | 49.79% |
| 5547.TWO | 5547.TWO | 8.63% | $2.26 | 58.13% |
| TWD.AX | TWD.AX | 8.62% | $0.24 | 80.43% |
| UNITED.HE | UNITED.HE | 8.60% | $1.61 | 53.91% |
| DDR.AX | DDR.AX | 8.58% | $0.87 | 96.73% |
| PATO.BK | PATO.BK | 8.58% | $0.60 | 98.05% |
| 0371.HK | 0371.HK | 8.56% | $0.21 | 64.00% |