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 % |
|---|---|---|---|---|
| AU | AU | 2.92% | $2.50 | 56.24% |
| 000529.SZ | 000529.SZ | 2.91% | $0.18 | 98.46% |
| 0383.HK | 0383.HK | 2.91% | $0.03 | 60.45% |
| 105560.KS | 105560.KS | 2.91% | $3,590.29 | 22.69% |
| 3899.HK | 3899.HK | 2.91% | $0.28 | 25.59% |
| BIMAS.IS | BIMAS.IS | 2.91% | $15.78 | 64.92% |
| 000951.SZ | 000951.SZ | 2.90% | $0.49 | 35.94% |
| 002541.SZ | 002541.SZ | 2.90% | $0.48 | 53.40% |
| 060720.KQ | 060720.KQ | 2.90% | $330.78 | 46.02% |
| 0950.HK | 0950.HK | 2.90% | $0.05 | 27.09% |
| 0QLK.L | 0QLK.L | 2.90% | $115.25 | 19.90% |
| 0RMP.L | 0RMP.L | 2.90% | $0.71 | 11.87% |
| 600167.SS | 600167.SS | 2.90% | $0.20 | 65.26% |
| IBAB.BR | IBAB.BR | 2.90% | $0.38 | 44.34% |
| METCO.BK | METCO.BK | 2.90% | $8.00 | 15.20% |
| 002852.SZ | 002852.SZ | 2.89% | $0.30 | 37.22% |
| 005680.KS | 005680.KS | 2.89% | $300.77 | 49.07% |
| 600526.SS | 600526.SS | 2.89% | $0.15 | 48.23% |
| 601377.SS | 601377.SS | 2.89% | $0.21 | 55.11% |
| 688697.SS | 688697.SS | 2.89% | $0.44 | 66.80% |
| 7738.TWO | 7738.TWO | 2.89% | $5.50 | 39.18% |
| AMXB.MX | AMXB.MX | 2.89% | $0.54 | 43.68% |
| OMASP.HE | OMASP.HE | 2.89% | $0.36 | 25.24% |
| 001200.KS | 001200.KS | 2.88% | $99.92 | 14.37% |
| 002310.KS | 002310.KS | 2.88% | $224.24 | 42.56% |
| 3357.TWO | 3357.TWO | 2.88% | $4.61 | 48.95% |
| 600496.SS | 600496.SS | 2.88% | $0.12 | 42.56% |
| 603043.SS | 603043.SS | 2.88% | $0.51 | 57.82% |
| PAX | PAX | 2.88% | $0.46 | 66.16% |
| 000528.SZ | 000528.SZ | 2.87% | $0.34 | 51.00% |
| 2233.HK | 2233.HK | 2.87% | $0.09 | 38.77% |
| 600660.SS | 600660.SS | 2.87% | $1.86 | 53.34% |
| 603579.SS | 603579.SS | 2.87% | $0.68 | 77.63% |
| EIF.TO | EIF.TO | 2.87% | $2.35 | 93.13% |
| 000403.SZ | 000403.SZ | 2.86% | $0.39 | 66.45% |
| 002637.SZ | 002637.SZ | 2.86% | $0.29 | 80.65% |
| 008260.KS | 008260.KS | 2.86% | $99.96 | 15.43% |
| 0434.HK | 0434.HK | 2.86% | $0.10 | 8.21% |
| 0839.HK | 0839.HK | 2.86% | $0.09 | 77.39% |
| 2949.TWO | 2949.TWO | 2.86% | $1.93 | 53.15% |
| 600480.SS | 600480.SS | 2.86% | $0.35 | 56.75% |
| 603373.SS | 603373.SS | 2.86% | $1.09 | 90.20% |
| 603380.SS | 603380.SS | 2.86% | $1.09 | 77.96% |
| C09.SI | C09.SI | 2.86% | $0.23 | 17.08% |
| 0IKK.L | 0IKK.L | 2.85% | $0.19 | 39.95% |
| 4432.T | 4432.T | 2.85% | $103.62 | 68.51% |
| 603998.SS | 603998.SS | 2.85% | $0.32 | 47.62% |
| FAGR.BR | FAGR.BR | 2.85% | $0.62 | 27.65% |
| SKR.BK | SKR.BK | 2.85% | $0.20 | 61.04% |
| TPX-B.TO | TPX-B.TO | 2.85% | $1.86 | 35.97% |