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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|---|---|---|---|---|
| 3719.KL | 3719.KL | 8.56% | $0.63 | 85.80% |
| GNG.AX | GNG.AX | 8.56% | $0.38 | 99.06% |
| 078930.KS | 078930.KS | 8.55% | $4,726.00 | 78.57% |
| 2388.HK | 2388.HK | 8.55% | $3.44 | 47.81% |
| CRTO.PA | CRTO.PA | 8.54% | $9.48 | 31.11% |
| MARK.JK | MARK.JK | 8.54% | $70.00 | 98.69% |
| TWEKA.AS | TWEKA.AS | 8.54% | $3.18 | 70.93% |
| 0DTI.L | 0DTI.L | 8.53% | $23.26 | 42.29% |
| 1502.HK | 1502.HK | 8.52% | $0.17 | 58.63% |
| FOYRK.AT | FOYRK.AT | 8.52% | $0.37 | 65.80% |
| 2491.T | 2491.T | 8.51% | $56.61 | 40.75% |
| 6355.T | 6355.T | 8.51% | $310.08 | 8.45% |
| DREIT.BK | DREIT.BK | 8.50% | $0.42 | 98.66% |
| 6862.HK | 6862.HK | 8.49% | $1.22 | 76.09% |
| 015890.KS | 015890.KS | 8.48% | $416.78 | 45.41% |
| 3983.HK | 3983.HK | 8.48% | $0.21 | 40.13% |
| 3292.T | 3292.T | 8.45% | $11,596.49 | 88.85% |
| CIEL3.SA | CIEL3.SA | 8.44% | $0.49 | 73.05% |
| ASGR.JK | ASGR.JK | 8.43% | $99.00 | 56.73% |
| JWW.WA | JWW.WA | 8.43% | $0.25 | 43.64% |
| 3488.T | 3488.T | 8.42% | $9,789.77 | 72.08% |
| GUNKUL-R.BK | GUNKUL-R.BK | 8.42% | $0.16 | 78.57% |
| 1333.HK | 1333.HK | 8.41% | $2.35 | 74.43% |
| DRM.TO | DRM.TO | 8.41% | $1.64 | 84.81% |
| ALEXA.PA | ALEXA.PA | 8.40% | $14.20 | 37.48% |
| RANI3.SA | RANI3.SA | 8.40% | $0.73 | 43.32% |
| SPALI-R.BK | SPALI-R.BK | 8.39% | $1.43 | 57.89% |
| 5141.KL | 5141.KL | 8.38% | $0.14 | 87.12% |
| 600020.SS | 600020.SS | 8.37% | $0.36 | 78.65% |
| MASQ.AE | MASQ.AE | 8.37% | $21.42 | 52.51% |
| PROX.BR | PROX.BR | 8.37% | $0.60 | 33.92% |
| 0R9T.L | 0R9T.L | 8.36% | $3.75 | 71.00% |
| 6212.TWO | 6212.TWO | 8.34% | $3.45 | 47.85% |
| SNNP.BK | SNNP.BK | 8.33% | $0.61 | 92.23% |
| VLK.AS | VLK.AS | 8.32% | $4.42 | 68.64% |
| 600894.SS | 600894.SS | 8.31% | $0.77 | 98.07% |
| ORC-B.V | ORC-B.V | 8.31% | $0.29 | 35.79% |
| ADMF.JK | ADMF.JK | 8.30% | $703.11 | 57.11% |
| 0QPJ.L | 0QPJ.L | 8.29% | $8.23 | 71.08% |
| QDT.PA | QDT.PA | 8.29% | $1.20 | 35.65% |
| VPK.AS | VPK.AS | 8.29% | $3.16 | 39.83% |
| DP4B.DE | DP4B.DE | 8.27% | $165.16 | 37.01% |
| ECP.AX | ECP.AX | 8.27% | $0.09 | 24.35% |
| PHOL.BK | PHOL.BK | 8.27% | $0.23 | 71.53% |
| ASDM.JK | ASDM.JK | 8.26% | $50.00 | 60.31% |
| 000320.KS | 000320.KS | 8.25% | $1,700.37 | 53.43% |
| IMCD.AS | IMCD.AS | 8.25% | $6.46 | 69.83% |
| NELY.JK | NELY.JK | 8.25% | $38.30 | 52.05% |
| WGB.AX | WGB.AX | 8.25% | $0.20 | 14.48% |
| HM1.AX | HM1.AX | 8.24% | $0.26 | 43.45% |