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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|---|---|---|---|---|
| SFLEX.BK | SFLEX.BK | 6.18% | $0.19 | 57.09% |
| SSP-R.BK | SSP-R.BK | 6.18% | $0.20 | 38.47% |
| 002960.KS | 002960.KS | 6.17% | $27,000.00 | 86.18% |
| ANHYT.IS | ANHYT.IS | 6.17% | $6.00 | 47.92% |
| ARCAD.AS | ARCAD.AS | 6.17% | $2.20 | 52.16% |
| BPFI.JK | BPFI.JK | 6.17% | $19.61 | 67.05% |
| CSW-A.TO | CSW-A.TO | 6.17% | $0.91 | 91.53% |
| 2357.HK | 2357.HK | 6.16% | $0.26 | 50.61% |
| 5465.TWO | 5465.TWO | 6.16% | $1.80 | 96.24% |
| 600873.SS | 600873.SS | 6.16% | $0.62 | 46.40% |
| REACH.OL | REACH.OL | 6.16% | $0.42 | 57.18% |
| 600982.SS | 600982.SS | 6.15% | $0.27 | 90.53% |
| AXIO.JK | AXIO.JK | 6.15% | $8.00 | 82.23% |
| HARN.BK | HARN.BK | 6.15% | $0.12 | 86.99% |
| NET-UN.V | NET-UN.V | 6.15% | $0.35 | 52.87% |
| PARKEN.CO | PARKEN.CO | 6.15% | $9.23 | 87.46% |
| 300720.KS | 300720.KS | 6.14% | $1,056.63 | 78.51% |
| N0Z.SI | N0Z.SI | 6.14% | $0.08 | 6.18% |
| WHAUP-R.BK | WHAUP-R.BK | 6.14% | $0.26 | 88.80% |
| 007340.KS | 007340.KS | 6.13% | $1,446.00 | 30.12% |
| 0RGB.L | 0RGB.L | 6.13% | $7.24 | 83.15% |
| 1604.TW | 1604.TW | 6.13% | $1.49 | 85.47% |
| 2850.TW | 2850.TW | 6.13% | $7.14 | 64.89% |
| 5520.TWO | 5520.TWO | 6.13% | $5.47 | 54.22% |
| 600000.SS | 600000.SS | 6.13% | $0.76 | 47.27% |
| CMOCTEZ.MX | CMOCTEZ.MX | 6.13% | $5.03 | 69.41% |
| GPROFUT.MX | GPROFUT.MX | 6.13% | $7.35 | 55.28% |
| 006060.KS | 006060.KS | 6.12% | $220.77 | 48.43% |
| ALUCON.BK | ALUCON.BK | 6.12% | $12.00 | 49.20% |
| TLKM.JK | TLKM.JK | 6.12% | $212.46 | 96.73% |
| 5863.TWO | 5863.TWO | 6.11% | $0.73 | 50.01% |
| 6959.HK | 6959.HK | 6.11% | $0.39 | 26.88% |
| AMUN.PA | AMUN.PA | 6.11% | $4.35 | 32.56% |
| OEWA.DE | OEWA.DE | 6.11% | $3.83 | 78.19% |
| 9951.TWO | 9951.TWO | 6.10% | $3.39 | 82.90% |
| 0QOQ.L | 0QOQ.L | 6.09% | $59.86 | 83.68% |
| 1086.HK | 1086.HK | 6.09% | $0.07 | 18.25% |
| 2161.HK | 2161.HK | 6.09% | $0.16 | 34.56% |
| 600866.SS | 600866.SS | 6.08% | $0.42 | 54.80% |
| 6419.T | 6419.T | 6.08% | $194.72 | 49.68% |
| BNS | BNS | 6.08% | $4.53 | 72.38% |
| 0101.HK | 0101.HK | 6.07% | $0.53 | 54.73% |
| 3295.T | 3295.T | 6.07% | $10,716.70 | 69.01% |
| TGKA.JK | TGKA.JK | 6.07% | $300.00 | 71.55% |
| 2836.KL | 2836.KL | 6.06% | $1.01 | 86.19% |
| 002966.SZ | 002966.SZ | 6.05% | $0.50 | 41.79% |
| 019440.KS | 019440.KS | 6.05% | $1,001.30 | 64.69% |
| 2832.TW | 2832.TW | 6.05% | $3.05 | 65.35% |
| BHP.AX | BHP.AX | 6.05% | $2.77 | 83.22% |
| PGF.AX | PGF.AX | 6.05% | $0.18 | 37.96% |