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 | $259.51 | |
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 | 0.40% | 0.38% | 0.37% | 0.35% | 0.33% | 0.31% | 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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| 2979.T | 2979.T | 6.51% | $8,225.45 | 81.63% |
| 5135.KL | 5135.KL | 6.51% | $0.20 | 57.64% |
| TOTB.DE | TOTB.DE | 6.51% | $3.65 | 56.75% |
| 0QNK.L | 0QNK.L | 6.49% | $126.00 | 80.72% |
| 6605.TW | 6605.TW | 6.49% | $8.93 | 65.56% |
| INCLU.BR | INCLU.BR | 6.49% | $1.16 | 17.79% |
| TUGU.JK | TUGU.JK | 6.49% | $76.89 | 36.75% |
| 014580.KS | 014580.KS | 6.48% | $298.23 | 30.77% |
| 3485.TWO | 3485.TWO | 6.48% | $8.87 | 69.07% |
| 3933.HK | 3933.HK | 6.48% | $0.76 | 23.13% |
| JBH.AX | JBH.AX | 6.48% | $6.24 | 75.94% |
| SGLLV.AX | SGLLV.AX | 6.48% | $1.07 | 54.55% |
| SJOVA.IC | SJOVA.IC | 6.48% | $2.83 | 90.10% |
| 010960.KS | 010960.KS | 6.47% | $239.21 | 28.41% |
| FIBRAMQ12.MX | FIBRAMQ12.MX | 6.47% | $2.19 | 39.90% |
| FWD.AX | FWD.AX | 6.47% | $0.18 | 94.88% |
| VLID3.SA | VLID3.SA | 6.46% | $1.36 | 44.64% |
| 214320.KS | 214320.KS | 6.45% | $1,180.09 | 56.54% |
| 3481.T | 3481.T | 6.45% | $8,568.43 | 74.88% |
| TMW.BK | TMW.BK | 6.45% | $3.61 | 27.20% |
| IMPACT.BK | IMPACT.BK | 6.44% | $0.67 | 90.64% |
| 1969.HK | 1969.HK | 6.43% | $0.23 | 18.54% |
| ALICA.PA | ALICA.PA | 6.43% | $0.38 | 45.20% |
| KBANK-R.BK | KBANK-R.BK | 6.43% | $12.50 | 59.49% |
| KUMWEL.BK | KUMWEL.BK | 6.43% | $0.07 | 45.73% |
| SLL.DE | SLL.DE | 6.42% | $1.75 | 84.82% |
| TFF.PA | TFF.PA | 6.42% | $1.23 | 30.40% |
| 8958.T | 8958.T | 6.41% | $8,838.24 | 59.36% |
| AALLON.HE | AALLON.HE | 6.41% | $0.68 | 63.85% |
| PL8.AX | PL8.AX | 6.41% | $0.09 | 47.21% |
| PTT-R.BK | PTT-R.BK | 6.41% | $2.05 | 78.59% |
| 461300.KQ | 461300.KQ | 6.39% | $1,098.51 | 44.35% |
| FLRY3.SA | FLRY3.SA | 6.39% | $0.95 | 86.00% |
| 000666.SZ | 000666.SZ | 6.38% | $0.57 | 40.17% |
| 013870.KS | 013870.KS | 6.38% | $256.35 | 27.15% |
| 2669.HK | 2669.HK | 6.38% | $0.29 | 29.88% |
| NRP.AS | NRP.AS | 6.38% | $0.47 | 30.96% |
| 2247.TW | 2247.TW | 6.37% | $17.96 | 78.50% |
| MSC.BK | MSC.BK | 6.37% | $0.50 | 73.61% |
| 017800.KS | 017800.KS | 6.36% | $5,588.04 | 85.50% |
| 035250.KS | 035250.KS | 6.36% | $1,169.57 | 64.65% |
| 5108.T | 5108.T | 6.36% | $223.54 | 63.02% |
| FSHOP13.MX | FSHOP13.MX | 6.36% | $0.58 | 14.91% |
| FTREIT.BK | FTREIT.BK | 6.36% | $0.75 | 82.90% |
| 0RG6.L | 0RG6.L | 6.35% | $11.00 | 51.63% |
| 0ZQ7.L | 0ZQ7.L | 6.35% | $0.50 | 79.32% |
| ENEL.MI | ENEL.MI | 6.35% | $0.57 | 90.97% |
| STANLY.BK | STANLY.BK | 6.35% | $12.00 | 52.87% |
| TASCO-R.BK | TASCO-R.BK | 6.35% | $0.87 | 88.88% |
| 603279.SS | 603279.SS | 6.34% | $1.07 | 99.67% |