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
| Ticker | Company Name | Yield % | DPS | Payout % |
|---|---|---|---|---|
| 002293.SZ | 002293.SZ | 5.90% | $0.61 | 98.42% |
| KLBN11.SA | KLBN11.SA | 5.90% | $1.13 | 79.59% |
| T9Z.DE | T9Z.DE | 5.89% | $0.25 | 68.81% |
| 4006.KL | 4006.KL | 5.88% | $0.40 | 91.37% |
| 7231.KL | 7231.KL | 5.88% | $0.08 | 98.90% |
| ALBAV.HE | ALBAV.HE | 5.88% | $2.83 | 80.11% |
| HSPG.OL | HSPG.OL | 5.88% | $9.00 | 9.64% |
| TAEE3.SA | TAEE3.SA | 5.88% | $0.82 | 49.16% |
| 095570.KS | 095570.KS | 5.87% | $269.89 | 46.78% |
| CONSTI.HE | CONSTI.HE | 5.87% | $0.63 | 79.88% |
| DEDI.ST | DEDI.ST | 5.87% | $2.50 | 59.86% |
| SUC.BK | SUC.BK | 5.87% | $1.60 | 26.76% |
| 0QQF.L | 0QQF.L | 5.85% | $1.20 | 32.60% |
| 0RNX.L | 0RNX.L | 5.85% | $2.19 | 27.21% |
| 3459.T | 3459.T | 5.85% | $6,816.28 | 84.59% |
| PLAT.AT | PLAT.AT | 5.85% | $0.24 | 85.91% |
| 7229.KL | 7229.KL | 5.84% | $0.09 | 31.57% |
| M-II.BK | M-II.BK | 5.83% | $0.35 | 44.44% |
| NOHO.HE | NOHO.HE | 5.83% | $0.48 | 29.48% |
| 0QN7.L | 0QN7.L | 5.82% | $42.41 | 42.05% |
| 4164.SR | 4164.SR | 5.81% | $5.60 | 89.58% |
| 5511.TWO | 5511.TWO | 5.81% | $3.79 | 46.23% |
| PPA.AT | PPA.AT | 5.81% | $2.38 | 38.50% |
| WHA-R.BK | WHA-R.BK | 5.81% | $0.19 | 57.71% |
| MULTI.OL | MULTI.OL | 5.80% | $10.18 | 91.58% |
| QIMD.QA | QIMD.QA | 5.80% | $0.14 | 48.99% |
| 000791.SZ | 000791.SZ | 5.79% | $0.37 | 46.47% |
| 0NFS.L | 0NFS.L | 5.79% | $0.36 | 93.72% |
| MYS.AX | MYS.AX | 5.79% | $0.26 | 70.40% |
| 5299.TWO | 5299.TWO | 5.78% | $4.14 | 93.57% |
| 8987.T | 8987.T | 5.78% | $8,618.11 | 68.54% |
| 9528.SR | 9528.SR | 5.78% | $0.98 | 77.70% |
| PLS.AX | PLS.AX | 5.78% | $0.25 | 56.17% |
| 1104.HK | 1104.HK | 5.77% | $0.15 | 33.87% |
| 9525.SR | 9525.SR | 5.77% | $0.20 | 85.38% |
| CBA.AX | CBA.AX | 5.77% | $9.30 | 79.76% |
| GSL | GSL | 5.77% | $2.01 | 17.72% |
| 5138.KL | 5138.KL | 5.76% | $0.13 | 55.68% |
| 601088.SS | 601088.SS | 5.76% | $2.33 | 81.35% |
| ALI.AX | ALI.AX | 5.76% | $0.15 | 10.56% |
| 000755.SZ | 000755.SZ | 5.75% | $0.29 | 89.22% |
| EELT.ME | EELT.ME | 5.75% | $0.52 | 36.41% |
| 1846.HK | 1846.HK | 5.74% | $0.17 | 29.90% |
| 9296.KL | 9296.KL | 5.74% | $0.06 | 92.92% |
| BELA.AT | BELA.AT | 5.74% | $1.60 | 68.01% |
| GRP-UN | GRP-UN | 5.74% | $3.40 | 71.71% |
| 6199.HK | 6199.HK | 5.73% | $0.06 | 24.27% |
| 6581.TW | 6581.TW | 5.73% | $5.99 | 88.31% |
| HAIS.JK | HAIS.JK | 5.73% | $15.37 | 40.52% |
| HTSC.L | HTSC.L | 5.73% | $1.26 | 68.65% |