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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|---|---|---|---|---|
| 138930.KS | 138930.KS | 5.33% | $837.77 | 33.77% |
| RPI-UN.TO | RPI-UN.TO | 5.33% | $1.62 | 82.84% |
| 8956.T | 8956.T | 5.32% | $7,471.79 | 60.60% |
| ACGL | ACGL | 5.32% | $4.99 | 45.85% |
| BTT | BTT | 5.32% | $1.21 | 74.76% |
| PREV-B.ST | PREV-B.ST | 5.31% | $5.09 | 90.29% |
| 000690.SZ | 000690.SZ | 5.30% | $0.22 | 51.75% |
| 005830.KS | 005830.KS | 5.29% | $6,766.26 | 25.66% |
| 1157.HK | 1157.HK | 5.29% | $0.41 | 89.60% |
| 6884.TWO | 6884.TWO | 5.29% | $2.02 | 56.70% |
| 7237.KL | 7237.KL | 5.29% | $0.07 | 98.68% |
| MCKPA.NZ | MCKPA.NZ | 5.29% | $0.09 | 57.34% |
| MFC | MFC | 5.29% | $1.92 | 55.22% |
| CLSC3.SA | CLSC3.SA | 5.28% | $6.12 | 35.64% |
| 000899.SZ | 000899.SZ | 5.27% | $0.52 | 53.85% |
| 0QQN.L | 0QQN.L | 5.27% | $19.40 | 43.82% |
| 601107.SS | 601107.SS | 5.27% | $0.32 | 99.95% |
| CRAP.PA | CRAP.PA | 5.27% | $6.96 | 19.09% |
| 0IW5.L | 0IW5.L | 5.26% | $7.09 | 70.33% |
| AIRARABIA.AE | AIRARABIA.AE | 5.26% | $0.25 | 75.35% |
| PHOR.ME | PHOR.ME | 5.26% | $335.17 | 37.65% |
| RBREW.CO | RBREW.CO | 5.26% | $29.50 | 94.31% |
| TCELL.IS | TCELL.IS | 5.26% | $5.05 | 70.22% |
| TLC.AX | TLC.AX | 5.26% | $0.27 | 78.26% |
| TTA-R.BK | TTA-R.BK | 5.26% | $0.22 | 17.40% |
| 4712.T | 4712.T | 5.25% | $37.14 | 32.06% |
| 8926.TW | 8926.TW | 5.25% | $2.15 | 87.97% |
| RJH.BK | RJH.BK | 5.25% | $0.65 | 75.57% |
| 016090.KS | 016090.KS | 5.24% | $87.56 | 64.98% |
| ALGEV.PA | ALGEV.PA | 5.24% | $9.27 | 42.01% |
| 1209.HK | 1209.HK | 5.23% | $2.25 | 71.56% |
| HTECH.BK | HTECH.BK | 5.23% | $0.15 | 38.21% |
| 002911.SZ | 002911.SZ | 5.22% | $0.63 | 90.85% |
| 000913.SZ | 000913.SZ | 5.21% | $0.80 | 77.77% |
| 4915.TW | 4915.TW | 5.21% | $3.99 | 68.04% |
| 601000.SS | 601000.SS | 5.21% | $0.20 | 66.38% |
| CAFO.PA | CAFO.PA | 5.21% | $0.44 | 16.81% |
| KBLI.JK | KBLI.JK | 5.21% | $16.99 | 31.01% |
| 0QOH.L | 0QOH.L | 5.20% | $1.69 | 27.11% |
| 600551.SS | 600551.SS | 5.20% | $0.42 | 68.97% |
| 8979.T | 8979.T | 5.20% | $10,484.91 | 63.22% |
| AMIN.JK | AMIN.JK | 5.20% | $13.01 | 70.06% |
| EBO.AX | EBO.AX | 5.20% | $1.22 | 45.78% |
| SMCB.JK | SMCB.JK | 5.20% | $40.27 | 45.56% |
| 5159.KL | 5159.KL | 5.19% | $0.08 | 58.97% |
| 603355.SS | 603355.SS | 5.19% | $1.65 | 97.04% |
| 603855.SS | 603855.SS | 5.19% | $1.00 | 77.28% |
| 8034.TWO | 8034.TWO | 5.19% | $1.34 | 98.92% |
| ALRFG.PA | ALRFG.PA | 5.19% | $0.26 | 71.02% |
| DEME.BR | DEME.BR | 5.19% | $7.41 | 31.20% |