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 % |
|---|---|---|---|---|
| NDA-FI.HE | NDA-FI.HE | 5.73% | $0.94 | 67.38% |
| RBF.BK | RBF.BK | 5.73% | $0.17 | 81.37% |
| 1882.HK | 1882.HK | 5.72% | $1.27 | 33.58% |
| 3339.HK | 3339.HK | 5.72% | $0.17 | 36.46% |
| 4126.TWO | 4126.TWO | 5.72% | $4.84 | 86.09% |
| SLF | SLF | 5.72% | $3.60 | 65.58% |
| 0QKD.L | 0QKD.L | 5.71% | $50.03 | 40.66% |
| IPE.WA | IPE.WA | 5.71% | $0.23 | 68.17% |
| SNOR.OL | SNOR.OL | 5.71% | $10.04 | 20.14% |
| 3705.TW | 3705.TW | 5.70% | $3.25 | 90.33% |
| MST.BK | MST.BK | 5.70% | $0.38 | 75.36% |
| 3462.T | 3462.T | 5.69% | $9,849.86 | 72.94% |
| CHILE.SN | CHILE.SN | 5.69% | $9.85 | 78.63% |
| RSUL4.SA | RSUL4.SA | 5.69% | $3.98 | 36.85% |
| 600007.SS | 600007.SS | 5.68% | $1.13 | 95.72% |
| AURG.OL | AURG.OL | 5.68% | $15.00 | 28.30% |
| BPO-PT.TO | BPO-PT.TO | 5.68% | $1.16 | 34.59% |
| KTY.WA | KTY.WA | 5.68% | $52.85 | 92.39% |
| PREB.BK | PREB.BK | 5.68% | $0.20 | 76.14% |
| 3213.TWO | 3213.TWO | 5.67% | $5.96 | 77.23% |
| NAB.AX | NAB.AX | 5.67% | $2.40 | 66.40% |
| 3282.T | 3282.T | 5.66% | $18,861.62 | 84.64% |
| DTEL.BR | DTEL.BR | 5.66% | $1.13 | 49.89% |
| HELG.OL | HELG.OL | 5.66% | $10.35 | 51.40% |
| SITHAI.BK | SITHAI.BK | 5.66% | $0.06 | 97.25% |
| 002884.SZ | 002884.SZ | 5.65% | $1.00 | 77.13% |
| 1535.TW | 1535.TW | 5.65% | $2.99 | 75.30% |
| 8960.T | 8960.T | 5.65% | $10,346.63 | 68.81% |
| SIILI.HE | SIILI.HE | 5.65% | $0.26 | 40.06% |
| AVEN.ST | AVEN.ST | 5.64% | $0.50 | 78.26% |
| RPH.BK | RPH.BK | 5.64% | $0.28 | 85.55% |
| 1702.HK | 1702.HK | 5.63% | $0.11 | 23.80% |
| 601033.SS | 601033.SS | 5.63% | $0.85 | 83.54% |
| 601398.SS | 601398.SS | 5.63% | $0.45 | 43.37% |
| JDF.BK | JDF.BK | 5.63% | $0.08 | 52.54% |
| 024110.KS | 024110.KS | 5.62% | $1,165.34 | 36.50% |
| DHBK.QA | DHBK.QA | 5.62% | $0.16 | 55.17% |
| 0667.HK | 0667.HK | 5.61% | $0.38 | 85.28% |
| 0807.HK | 0807.HK | 5.61% | $0.06 | 25.08% |
| EKH.BK | EKH.BK | 5.61% | $0.28 | 91.43% |
| HIFA-B.ST | HIFA-B.ST | 5.61% | $0.17 | 42.74% |
| KCAR.BK | KCAR.BK | 5.61% | $0.30 | 43.66% |
| 000987.SZ | 000987.SZ | 5.60% | $0.46 | 63.54% |
| 0VCO.L | 0VCO.L | 5.60% | $1.29 | 70.79% |
| 1537.TW | 1537.TW | 5.60% | $7.00 | 72.79% |
| DVR.AX | DVR.AX | 5.60% | $0.07 | 69.90% |
| SECURE.BK | SECURE.BK | 5.60% | $0.70 | 53.33% |
| 029960.KQ | 029960.KQ | 5.59% | $499.38 | 92.03% |
| 2057.HK | 2057.HK | 5.59% | $9.31 | 86.81% |
| 3468.T | 3468.T | 5.59% | $3,448.15 | 78.34% |