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 | $263.70 | |
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 | 0.39% | 0.37% | 0.36% | 0.34% | 0.33% | 0.30% | 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 % |
|---|---|---|---|---|
| 1272.HK | 1272.HK | 13.53% | $0.15 | 42.28% |
| MID-UN.TO | MID-UN.TO | 13.47% | $1.06 | 61.55% |
| 1126.HK | 1126.HK | 13.45% | $1.15 | 50.50% |
| HCO.PA | HCO.PA | 13.45% | $0.53 | 62.33% |
| 2348.HK | 2348.HK | 13.44% | $0.16 | 33.06% |
| 0384.HK | 0384.HK | 13.43% | $1.04 | 94.76% |
| AEF | AEF | 13.42% | $0.96 | 61.57% |
| 9616.HK | 9616.HK | 13.40% | $0.34 | 55.10% |
| WN-PA.TO | WN-PA.TO | 13.36% | $3.41 | 27.39% |
| CY4.F | CY4.F | 13.31% | $0.32 | 78.26% |
| 1100.HK | 1100.HK | 13.28% | $0.17 | 42.95% |
| 1755.HK | 1755.HK | 13.28% | $0.37 | 33.22% |
| DRR.AX | DRR.AX | 13.28% | $0.55 | 93.57% |
| 2942.TWO | 2942.TWO | 13.27% | $4.19 | 62.94% |
| 1985.HK | 1985.HK | 13.26% | $0.17 | 68.95% |
| SSG.AX | SSG.AX | 13.25% | $0.20 | 86.08% |
| 1553.HK | 1553.HK | 13.22% | $0.20 | 27.92% |
| 3306.HK | 3306.HK | 13.22% | $2.55 | 77.85% |
| 0363.HK | 0363.HK | 13.17% | $1.90 | 35.00% |
| 0579.HK | 0579.HK | 13.09% | $0.30 | 42.68% |
| RI.PA | RI.PA | 13.06% | $9.53 | 77.43% |
| VULC3.SA | VULC3.SA | 13.05% | $2.60 | 60.16% |
| 600919.SS | 600919.SS | 13.01% | $1.35 | 72.63% |
| 1551.HK | 1551.HK | 13.00% | $0.20 | 58.85% |
| EIT-UN.TO | EIT-UN.TO | 13.00% | $2.05 | 42.34% |
| 4334.SR | 4334.SR | 12.98% | $1.16 | 89.22% |
| BCE-PA.TO | BCE-PA.TO | 12.97% | $2.71 | 39.91% |
| HLO.AX | HLO.AX | 12.97% | $0.25 | 67.50% |
| 4347.SR | 4347.SR | 12.96% | $1.21 | 93.24% |
| 1526.HK | 1526.HK | 12.94% | $0.14 | 38.91% |
| 3709.HK | 3709.HK | 12.93% | $0.99 | 58.41% |
| ELSA.JK | ELSA.JK | 12.90% | $65.79 | 79.08% |
| 3348.HK | 3348.HK | 12.88% | $0.16 | 42.43% |
| BAYU.JK | BAYU.JK | 12.87% | $175.00 | 59.18% |
| MJLF.BK | MJLF.BK | 12.81% | $0.62 | 46.37% |
| 037460.KQ | 037460.KQ | 12.80% | $1,880.76 | 47.73% |
| 1785.HK | 1785.HK | 12.79% | $0.26 | 88.07% |
| GWO-PN.TO | GWO-PN.TO | 12.76% | $2.39 | 53.09% |
| UNC.TO | UNC.TO | 12.75% | $1.87 | 60.14% |
| FDJ.PA | FDJ.PA | 12.74% | $3.83 | 90.91% |
| IRAO.ME | IRAO.ME | 12.74% | $0.39 | 19.11% |
| 0OGG.L | 0OGG.L | 12.72% | $0.37 | 22.37% |
| TAPG.JK | TAPG.JK | 12.65% | $191.00 | 90.66% |
| 2407.HK | 2407.HK | 12.64% | $1.02 | 77.13% |
| MPCK.DE | MPCK.DE | 12.63% | $0.62 | 60.64% |
| EDL.DE | EDL.DE | 12.60% | $0.57 | 54.20% |
| 0086.HK | 0086.HK | 12.59% | $0.52 | 94.25% |
| 4340.SR | 4340.SR | 12.56% | $1.00 | 83.50% |
| TRMD | TRMD | 12.54% | $2.48 | 90.35% |
| 0819.HK | 0819.HK | 12.50% | $0.89 | 35.06% |