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 % |
|---|---|---|---|---|
| ATCOL | ATCOL | 3.53% | $0.89 | 30.47% |
| AWC-R.BK | AWC-R.BK | 3.53% | $0.07 | 37.62% |
| CCRO3.SA | CCRO3.SA | 3.53% | $0.48 | 66.57% |
| HMU.DE | HMU.DE | 3.53% | $1.69 | 29.89% |
| RAUTE.HE | RAUTE.HE | 3.53% | $0.52 | 26.97% |
| RWE.DE | RWE.DE | 3.53% | $1.66 | 46.76% |
| SNL.AX | SNL.AX | 3.53% | $1.13 | 67.28% |
| 0NHS.L | 0NHS.L | 3.52% | $2.18 | 58.76% |
| CELL.MI | CELL.MI | 3.52% | $0.09 | 34.70% |
| INFREA.ST | INFREA.ST | 3.52% | $0.50 | 67.57% |
| ISSP.JK | ISSP.JK | 3.52% | $15.00 | 19.85% |
| MGA | MGA | 3.52% | $1.92 | 52.47% |
| PARP.PA | PARP.PA | 3.52% | $0.64 | 38.61% |
| PKI.TO | PKI.TO | 3.52% | $1.40 | 73.81% |
| SMU.SN | SMU.SN | 3.52% | $5.49 | 46.99% |
| 161390.KS | 161390.KS | 3.51% | $2,000.00 | 25.86% |
| 300360.SZ | 300360.SZ | 3.51% | $0.61 | 52.03% |
| 5106.KL | 5106.KL | 3.51% | $0.07 | 56.99% |
| 601128.SS | 601128.SS | 3.51% | $0.25 | 19.56% |
| INTP.JK | INTP.JK | 3.51% | $259.81 | 43.04% |
| RATO-A.ST | RATO-A.ST | 3.51% | $1.35 | 12.15% |
| 002887.SZ | 002887.SZ | 3.50% | $0.33 | 84.50% |
| 603062.SS | 603062.SS | 3.50% | $1.66 | 74.27% |
| CMCL | CMCL | 3.50% | $0.92 | 35.87% |
| DLO | DLO | 3.50% | $0.49 | 87.74% |
| LAZ | LAZ | 3.50% | $1.74 | 67.48% |
| TWL.MI | TWL.MI | 3.50% | $0.21 | 28.69% |
| WJP.SI | WJP.SI | 3.50% | $0.06 | 66.95% |
| 005610.KS | 005610.KS | 3.49% | $1,803.39 | 45.19% |
| 0RFL.L | 0RFL.L | 3.49% | $12.50 | 88.50% |
| 2030.HK | 2030.HK | 3.49% | $0.05 | 63.92% |
| 5206.TWO | 5206.TWO | 3.49% | $1.18 | 21.91% |
| 5246.KL | 5246.KL | 3.49% | $0.20 | 71.36% |
| 5989.T | 5989.T | 3.49% | $49.44 | 14.49% |
| ACO-X.TO | ACO-X.TO | 3.49% | $1.98 | 50.80% |
| CNI | CNI | 3.49% | $3.50 | 50.64% |
| PEAB3.SA | PEAB3.SA | 3.49% | $1.36 | 78.68% |
| 026960.KS | 026960.KS | 3.48% | $905.33 | 62.72% |
| 055550.KS | 055550.KS | 3.48% | $2,668.74 | 26.55% |
| 0QK5.L | 0QK5.L | 3.48% | $3.44 | 43.54% |
| 6722.TWO | 6722.TWO | 3.48% | $1.99 | 24.71% |
| HOLM-A.ST | HOLM-A.ST | 3.48% | $12.23 | 66.11% |
| 002206.SZ | 002206.SZ | 3.47% | $0.20 | 43.30% |
| 3004.SR | 3004.SR | 3.47% | $0.25 | 79.89% |
| 4129.TWO | 4129.TWO | 3.47% | $3.80 | 69.70% |
| 600133.SS | 600133.SS | 3.47% | $0.32 | 87.27% |
| 601995.SS | 601995.SS | 3.47% | $1.21 | 62.35% |
| 6471.T | 6471.T | 3.47% | $33.82 | 92.34% |
| CSED3.SA | CSED3.SA | 3.47% | $0.21 | 30.49% |
| GPRA.JK | GPRA.JK | 3.47% | $5.00 | 18.12% |