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 % |
|---|---|---|---|---|
| U11.SI | U11.SI | 11.62% | $4.10 | 58.46% |
| 9543.SR | 9543.SR | 11.60% | $8.70 | 72.96% |
| 0688.HK | 0688.HK | 11.57% | $1.45 | 38.43% |
| 0QKP.L | 0QKP.L | 11.55% | $51.50 | 65.02% |
| 601668.SS | 601668.SS | 11.55% | $0.59 | 54.79% |
| 5983.KL | 5983.KL | 11.49% | $0.60 | 69.77% |
| 601800.SS | 601800.SS | 11.48% | $0.95 | 76.83% |
| 0440.HK | 0440.HK | 11.45% | $4.08 | 34.85% |
| H02.SI | H02.SI | 11.39% | $1.80 | 82.18% |
| EDV.AX | EDV.AX | 11.35% | $0.42 | 79.74% |
| 102260.KS | 102260.KS | 11.33% | $470.01 | 61.08% |
| 092230.KS | 092230.KS | 11.32% | $8,125.94 | 34.75% |
| 9909.HK | 9909.HK | 11.28% | $0.28 | 29.74% |
| SVR.AX | SVR.AX | 11.25% | $0.20 | 83.01% |
| HOLCO.AS | HOLCO.AS | 11.23% | $9.88 | 77.82% |
| RBN-UN.TO | RBN-UN.TO | 11.23% | $0.93 | 43.10% |
| 0066.HK | 0066.HK | 11.22% | $3.39 | 77.76% |
| 3360.HK | 3360.HK | 11.17% | $0.89 | 44.98% |
| 0934.HK | 0934.HK | 11.16% | $0.47 | 58.03% |
| 317400.KS | 317400.KS | 11.16% | $481.16 | 64.89% |
| 0146.HK | 0146.HK | 11.12% | $0.21 | 51.92% |
| 096760.KS | 096760.KS | 11.12% | $390.83 | 63.07% |
| 3868.HK | 3868.HK | 11.12% | $0.13 | 60.32% |
| BMW3.DE | BMW3.DE | 11.11% | $10.52 | 91.60% |
| 1109.HK | 1109.HK | 11.09% | $3.07 | 36.44% |
| 2380.HK | 2380.HK | 11.08% | $0.36 | 56.67% |
| 3900.HK | 3900.HK | 11.07% | $0.93 | 98.98% |
| 600016.SS | 600016.SS | 11.06% | $0.42 | 61.11% |
| BFG.AX | BFG.AX | 11.06% | $0.15 | 90.20% |
| 1571.HK | 1571.HK | 11.03% | $0.42 | 41.05% |
| 601577.SS | 601577.SS | 11.03% | $1.07 | 52.50% |
| IMMOU.BR | IMMOU.BR | 11.02% | $3.59 | 93.20% |
| 2555.HK | 2555.HK | 11.00% | $0.70 | 76.19% |
| POMO3.SA | POMO3.SA | 10.98% | $0.61 | 58.30% |
| IEL.AX | IEL.AX | 10.96% | $0.63 | 98.92% |
| 1579.HK | 1579.HK | 10.95% | $1.42 | 88.97% |
| SPTO.JK | SPTO.JK | 10.93% | $70.52 | 68.08% |
| TOTG.OL | TOTG.OL | 10.91% | $31.62 | 87.19% |
| 1052.HK | 1052.HK | 10.89% | $0.51 | 62.60% |
| 601919.SS | 601919.SS | 10.89% | $1.65 | 67.32% |
| DETEC.HE | DETEC.HE | 10.89% | $1.23 | 99.18% |
| 018500.KS | 018500.KS | 10.86% | $150.30 | 24.83% |
| 3799.HK | 3799.HK | 10.86% | $0.41 | 72.83% |
| EBRO.MC | EBRO.MC | 10.86% | $2.01 | 77.79% |
| 023590.KS | 023590.KS | 10.85% | $4,297.70 | 41.75% |
| 0392.HK | 0392.HK | 10.84% | $3.46 | 43.30% |
| NOVC.DE | NOVC.DE | 10.83% | $9.90 | 46.60% |
| 0408.HK | 0408.HK | 10.81% | $0.20 | 48.65% |
| 4342.SR | 4342.SR | 10.80% | $1.20 | 85.91% |
| RIAS-B.CO | RIAS-B.CO | 10.79% | $73.93 | 73.44% |