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 % |
|---|---|---|---|---|
| 5271.KL | 5271.KL | 3.89% | $0.07 | 81.04% |
| 8183.TWO | 8183.TWO | 3.89% | $1.30 | 53.03% |
| BDMS-R.BK | BDMS-R.BK | 3.89% | $0.75 | 72.62% |
| DANHOS13.MX | DANHOS13.MX | 3.89% | $1.09 | 36.98% |
| FPE.DE | FPE.DE | 3.89% | $1.17 | 51.86% |
| S63.SI | S63.SI | 3.89% | $0.33 | 72.94% |
| SONIC.BK | SONIC.BK | 3.89% | $0.06 | 33.00% |
| 0QMW.L | 0QMW.L | 3.88% | $9.95 | 98.58% |
| 600861.SS | 600861.SS | 3.88% | $0.71 | 34.85% |
| CIV.PA | CIV.PA | 3.88% | $4.05 | 18.13% |
| DIR-UN.TO | DIR-UN.TO | 3.88% | $0.49 | 65.95% |
| GGBR3.SA | GGBR3.SA | 3.88% | $0.68 | 45.15% |
| HMC.AX | HMC.AX | 3.88% | $0.16 | 11.87% |
| 000728.SZ | 000728.SZ | 3.87% | $0.32 | 52.50% |
| 2145.HK | 2145.HK | 3.87% | $2.69 | 64.24% |
| 600025.SS | 600025.SS | 3.87% | $0.35 | 75.95% |
| 603970.SS | 603970.SS | 3.87% | $0.50 | 74.51% |
| 6509.TWO | 6509.TWO | 3.87% | $1.25 | 49.65% |
| AKZA.AS | AKZA.AS | 3.87% | $2.31 | 95.66% |
| 1763.HK | 1763.HK | 3.86% | $0.83 | 32.12% |
| 600761.SS | 600761.SS | 3.86% | $0.81 | 53.66% |
| 605337.SS | 605337.SS | 3.86% | $0.46 | 92.31% |
| BOSS.DE | BOSS.DE | 3.86% | $1.40 | 43.29% |
| GOFORE.HE | GOFORE.HE | 3.86% | $0.52 | 83.77% |
| LOGO.IS | LOGO.IS | 3.86% | $5.94 | 43.46% |
| PKTM.VI | PKTM.VI | 3.86% | $0.58 | 3.67% |
| SICT.BK | SICT.BK | 3.86% | $0.09 | 51.68% |
| 000591.SZ | 000591.SZ | 3.85% | $0.17 | 63.11% |
| 0QKI.L | 0QKI.L | 3.85% | $22.01 | 91.35% |
| 215200.KQ | 215200.KQ | 3.85% | $1,569.97 | 34.80% |
| 2163.T | 2163.T | 3.85% | $81.57 | 65.08% |
| 3265.TWO | 3265.TWO | 3.85% | $4.80 | 95.49% |
| 6301.T | 6301.T | 3.85% | $192.66 | 42.48% |
| 9563.SR | 9563.SR | 3.85% | $1.58 | 84.07% |
| CPN-R.BK | CPN-R.BK | 3.85% | $2.12 | 57.57% |
| 000080.KS | 000080.KS | 3.84% | $700.20 | 55.98% |
| 601921.SS | 601921.SS | 3.84% | $0.30 | 51.98% |
| 9945.TW | 9945.TW | 3.84% | $1.14 | 33.31% |
| AGUAS-A.SN | AGUAS-A.SN | 3.84% | $14.22 | 70.41% |
| TNK | TNK | 3.84% | $1.98 | 21.29% |
| WALMEX.MX | WALMEX.MX | 3.84% | $2.16 | 74.07% |
| 000810.KS | 000810.KS | 3.83% | $19,037.86 | 40.33% |
| 0QPW.L | 0QPW.L | 3.83% | $85.00 | 29.91% |
| 9910.TW | 9910.TW | 3.83% | $4.31 | 86.98% |
| CTC-A.TO | CTC-A.TO | 3.83% | $6.72 | 49.69% |
| LOR.DE | LOR.DE | 3.83% | $13.98 | 59.38% |
| SOBO | SOBO | 3.83% | $1.07 | 69.36% |
| 0799.HK | 0799.HK | 3.82% | $0.15 | 12.76% |
| 105630.KS | 105630.KS | 3.82% | $500.30 | 39.98% |
| SIX2.DE | SIX2.DE | 3.82% | $2.71 | 44.65% |