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 % |
|---|---|---|---|---|
| U96.SI | U96.SI | 5.19% | $0.32 | 29.05% |
| CIN.AX | CIN.AX | 5.18% | $1.79 | 61.04% |
| MERK.JK | MERK.JK | 5.18% | $170.31 | 42.74% |
| 0QQ2.L | 0QQ2.L | 5.17% | $25.42 | 71.02% |
| 2640.TWO | 2640.TWO | 5.17% | $7.01 | 77.56% |
| 603508.SS | 603508.SS | 5.17% | $1.44 | 88.86% |
| RICHT.BD | RICHT.BD | 5.17% | $509.83 | 41.05% |
| FPT.BK | FPT.BK | 5.16% | $0.31 | 40.49% |
| YSON.F | YSON.F | 5.16% | $0.09 | 60.40% |
| 0QS5.L | 0QS5.L | 5.15% | $7.90 | 44.91% |
| 2341.HK | 2341.HK | 5.15% | $0.10 | 9.70% |
| 4942.TW | 4942.TW | 5.15% | $1.99 | 67.15% |
| 601555.SS | 601555.SS | 5.15% | $0.47 | 66.76% |
| 601686.SS | 601686.SS | 5.15% | $0.32 | 56.09% |
| 6979.HK | 6979.HK | 5.15% | $0.45 | 56.09% |
| 3118.TWO | 3118.TWO | 5.14% | $1.70 | 80.08% |
| ALTOU.PA | ALTOU.PA | 5.14% | $0.22 | 20.71% |
| BE8.BK | BE8.BK | 5.14% | $0.24 | 75.69% |
| KEG-UN.TO | KEG-UN.TO | 5.14% | $0.96 | 84.63% |
| QEWS.QA | QEWS.QA | 5.14% | $0.77 | 67.87% |
| 6805.HK | 6805.HK | 5.13% | $0.13 | 60.10% |
| 9521.SR | 9521.SR | 5.13% | $1.00 | 24.60% |
| MTI.BK | MTI.BK | 5.13% | $0.80 | 45.07% |
| 3218.TWO | 3218.TWO | 5.12% | $7.47 | 71.57% |
| 600694.SS | 600694.SS | 5.12% | $0.92 | 63.22% |
| 601877.SS | 601877.SS | 5.12% | $1.43 | 67.03% |
| GL9.IR | GL9.IR | 5.12% | $0.74 | 50.22% |
| STBP3.SA | STBP3.SA | 5.12% | $0.74 | 78.31% |
| WSU.DE | WSU.DE | 5.12% | $2.40 | 92.47% |
| 0RUJ.L | 0RUJ.L | 5.11% | $2.48 | 29.42% |
| 2887.TW | 2887.TW | 5.11% | $1.04 | 93.64% |
| 3003.SR | 3003.SR | 5.11% | $0.65 | 66.06% |
| ALVU.PA | ALVU.PA | 5.11% | $0.79 | 45.95% |
| CAML3.SA | CAML3.SA | 5.11% | $0.28 | 60.82% |
| RECT | RECT | 5.11% | $0.09 | 26.70% |
| 603518.SS | 603518.SS | 5.10% | $0.49 | 66.21% |
| 6242.TWO | 6242.TWO | 5.10% | $2.00 | 77.54% |
| ECMPA.AS | ECMPA.AS | 5.10% | $1.33 | 55.30% |
| NOMD | NOMD | 5.09% | $0.62 | 46.03% |
| 2249.TWO | 2249.TWO | 5.08% | $4.71 | 21.31% |
| ARZZ3.SA | ARZZ3.SA | 5.08% | $2.67 | 67.63% |
| CMAN.BK | CMAN.BK | 5.08% | $0.12 | 31.80% |
| LST.BK | LST.BK | 5.08% | $0.24 | 36.51% |
| VEI.OL | VEI.OL | 5.08% | $8.90 | 90.00% |
| 013570.KS | 013570.KS | 5.07% | $230.54 | 20.72% |
| 086790.KS | 086790.KS | 5.07% | $4,736.72 | 33.98% |
| 129260.KS | 129260.KS | 5.07% | $121.38 | 22.66% |
| CUP-U.TO | CUP-U.TO | 5.07% | $0.69 | 64.16% |
| MMAQ3.SA | MMAQ3.SA | 5.07% | $129.21 | 12.04% |
| QATI.QA | QATI.QA | 5.07% | $0.10 | 45.46% |