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 % |
|---|---|---|---|---|
| SU | SU | 5.07% | $2.31 | 53.29% |
| 023410.KQ | 023410.KQ | 5.06% | $183.45 | 63.50% |
| 7537.T | 7537.T | 5.06% | $65.88 | 55.36% |
| GLJ.DE | GLJ.DE | 5.06% | $0.79 | 54.91% |
| KZOS.ME | KZOS.ME | 5.06% | $3.36 | 20.60% |
| LTLS.JK | LTLS.JK | 5.06% | $43.74 | 40.34% |
| MDS-UN.TO | MDS-UN.TO | 5.06% | $0.56 | 64.99% |
| PUUILO.HE | PUUILO.HE | 5.06% | $0.63 | 82.63% |
| VCI.V | VCI.V | 5.06% | $0.37 | 91.09% |
| 051600.KS | 051600.KS | 5.05% | $2,469.00 | 84.53% |
| BLX | BLX | 5.05% | $2.21 | 37.06% |
| TLI.BK | TLI.BK | 5.05% | $0.50 | 47.29% |
| 031330.KQ | 031330.KQ | 5.04% | $200.00 | 45.01% |
| DCR.WA | DCR.WA | 5.04% | $3.78 | 55.77% |
| PST.MI | PST.MI | 5.04% | $1.09 | 65.05% |
| RDX.AX | RDX.AX | 5.04% | $0.15 | 54.66% |
| UPOIC.BK | UPOIC.BK | 5.04% | $0.33 | 61.35% |
| WKL.AS | WKL.AS | 5.04% | $4.43 | 48.01% |
| 000600.SZ | 000600.SZ | 5.03% | $0.43 | 45.84% |
| 0QNN.L | 0QNN.L | 5.03% | $27.48 | 47.49% |
| 002233.SZ | 002233.SZ | 5.02% | $0.45 | 70.96% |
| 9308.T | 9308.T | 5.02% | $68.92 | 39.29% |
| FFI.AX | FFI.AX | 5.02% | $0.24 | 31.68% |
| SJWD.BK | SJWD.BK | 5.02% | $0.37 | 62.75% |
| 007590.KS | 007590.KS | 5.01% | $300.11 | 54.47% |
| 0151.HK | 0151.HK | 5.01% | $0.23 | 63.82% |
| 2971.T | 2971.T | 5.01% | $6,447.90 | 60.16% |
| BBL-R.BK | BBL-R.BK | 5.01% | $8.50 | 34.27% |
| DIC.AE | DIC.AE | 5.01% | $0.18 | 58.95% |
| 006390.KS | 006390.KS | 5.00% | $900.04 | 33.14% |
| 600998.SS | 600998.SS | 5.00% | $0.26 | 46.36% |
| 7020.SR | 7020.SR | 5.00% | $3.31 | 72.99% |
| KA8.DE | KA8.DE | 5.00% | $0.15 | 95.39% |
| ORDS.QA | ORDS.QA | 4.99% | $0.65 | 57.81% |
| 002616.SZ | 002616.SZ | 4.98% | $0.27 | 71.11% |
| 039130.KS | 039130.KS | 4.98% | $2,419.02 | 55.18% |
| 1264.TWO | 1264.TWO | 4.98% | $13.99 | 67.27% |
| 1295.KL | 1295.KL | 4.98% | $0.22 | 60.48% |
| AW-UN.TO | AW-UN.TO | 4.98% | $1.84 | 92.91% |
| WPK.TO | WPK.TO | 4.98% | $2.26 | 99.45% |
| 000776.SZ | 000776.SZ | 4.97% | $1.09 | 60.30% |
| 5236.KL | 5236.KL | 4.97% | $0.07 | 56.54% |
| 601298.SS | 601298.SS | 4.97% | $0.41 | 49.05% |
| 7133.KL | 7133.KL | 4.97% | $0.08 | 46.08% |
| 9925.TW | 9925.TW | 4.97% | $2.02 | 81.40% |
| 034590.KS | 034590.KS | 4.96% | $1,251.15 | 28.53% |
| 0QP4.IL | 0QP4.IL | 4.96% | $2.66 | 44.86% |
| 4163.SR | 4163.SR | 4.96% | $2.51 | 57.67% |
| 9163.T | 9163.T | 4.96% | $114.03 | 43.61% |
| CPFE3.SA | CPFE3.SA | 4.96% | $2.66 | 56.33% |