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 % |
|---|---|---|---|---|
| BILI-A.ST | BILI-A.ST | 4.58% | $6.08 | 77.85% |
| SHA.AX | SHA.AX | 4.58% | $0.28 | 63.86% |
| SUTHA.BK | SUTHA.BK | 4.58% | $0.12 | 79.88% |
| YUASA.BK | YUASA.BK | 4.58% | $0.61 | 26.69% |
| 001323.SZ | 001323.SZ | 4.57% | $1.19 | 72.11% |
| FNAC.PA | FNAC.PA | 4.57% | $1.34 | 29.18% |
| CRSU.PA | CRSU.PA | 4.56% | $8.70 | 19.97% |
| ELIN.AT | ELIN.AT | 4.56% | $0.11 | 27.16% |
| 000596.SZ | 000596.SZ | 4.55% | $6.04 | 67.48% |
| 002483.SZ | 002483.SZ | 4.55% | $0.32 | 63.40% |
| 002746.SZ | 002746.SZ | 4.55% | $0.28 | 82.68% |
| NSL-R.BK | NSL-R.BK | 4.55% | $1.05 | 51.73% |
| 600350.SS | 600350.SS | 4.54% | $0.44 | 64.80% |
| 7463.T | 7463.T | 4.54% | $41.57 | 19.08% |
| SEGMN.IS | SEGMN.IS | 4.54% | $0.84 | 69.37% |
| 005180.KS | 005180.KS | 4.53% | $3,299.79 | 36.30% |
| 6873.TW | 6873.TW | 4.53% | $4.53 | 78.62% |
| 300193.SZ | 300193.SZ | 4.52% | $0.40 | 81.71% |
| 5904.TWO | 5904.TWO | 4.52% | $20.18 | 75.14% |
| 600282.SS | 600282.SS | 4.52% | $0.24 | 54.66% |
| 603689.SS | 603689.SS | 4.52% | $0.37 | 69.94% |
| 688036.SS | 688036.SS | 4.52% | $2.99 | 90.95% |
| ALCLA.PA | ALCLA.PA | 4.52% | $6.41 | 48.30% |
| 023000.KS | 023000.KS | 4.51% | $108.32 | 44.46% |
| 0QNM.L | 0QNM.L | 4.51% | $1.04 | 62.86% |
| 9539.SR | 9539.SR | 4.51% | $0.21 | 65.70% |
| DUI.AX | DUI.AX | 4.51% | $0.24 | 70.80% |
| SLIGR.AS | SLIGR.AS | 4.51% | $0.47 | 100.00% |
| 032640.KS | 032640.KS | 4.50% | $650.01 | 60.09% |
| 4165.SR | 4165.SR | 4.50% | $6.00 | 82.11% |
| 000411.SZ | 000411.SZ | 4.49% | $0.57 | 61.70% |
| 002543.SZ | 002543.SZ | 4.49% | $0.46 | 49.41% |
| 003070.KS | 003070.KS | 4.49% | $401.87 | 73.73% |
| 601665.SS | 601665.SS | 4.49% | $0.26 | 28.78% |
| BSANTANDER.SN | BSANTANDER.SN | 4.49% | $3.19 | 56.12% |
| GPW.WA | GPW.WA | 4.49% | $2.99 | 66.28% |
| SHUR.BR | SHUR.BR | 4.49% | $1.31 | 13.81% |
| 044450.KS | 044450.KS | 4.48% | $397.86 | 27.45% |
| 0OR2.L | 0OR2.L | 4.48% | $1.10 | 25.22% |
| 2731.TW | 2731.TW | 4.48% | $7.48 | 48.12% |
| 4104.TW | 4104.TW | 4.48% | $3.62 | 77.21% |
| 7167.KL | 7167.KL | 4.48% | $0.07 | 31.97% |
| 7593.T | 7593.T | 4.48% | $24.00 | 56.43% |
| 0IPY.L | 0IPY.L | 4.47% | $2.52 | 47.60% |
| 3020.SR | 3020.SR | 4.47% | $1.06 | 50.72% |
| 3114.TWO | 3114.TWO | 4.47% | $1.19 | 51.28% |
| CCEP | CCEP | 4.47% | $3.94 | 57.53% |
| CM | CM | 4.47% | $4.11 | 47.39% |
| QIIK.QA | QIIK.QA | 4.47% | $0.51 | 58.75% |
| 1515.HK | 1515.HK | 4.46% | $0.14 | 23.71% |