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 % |
|---|---|---|---|---|
| 000597.SZ | 000597.SZ | 2.72% | $0.14 | 54.16% |
| 002282.SZ | 002282.SZ | 2.72% | $0.20 | 57.69% |
| 005300.KS | 005300.KS | 2.72% | $3,646.40 | 52.67% |
| 3019.TW | 3019.TW | 2.72% | $3.91 | 58.36% |
| 5469.TW | 5469.TW | 2.72% | $2.52 | 38.49% |
| 5493.TWO | 5493.TWO | 2.72% | $2.47 | 57.58% |
| 605001.SS | 605001.SS | 2.72% | $0.21 | 76.35% |
| 6727.T | 6727.T | 2.72% | $22.04 | 70.93% |
| BEM-R.BK | BEM-R.BK | 2.72% | $0.15 | 59.21% |
| BTE | BTE | 2.72% | $0.09 | 32.39% |
| CLA-B.ST | CLA-B.ST | 2.72% | $1.10 | 43.72% |
| EVEN3.SA | EVEN3.SA | 2.72% | $0.20 | 44.47% |
| SNZ.AX | SNZ.AX | 2.72% | $0.29 | 8.91% |
| 001270.KS | 001270.KS | 2.71% | $1,510.84 | 29.90% |
| 033100.KQ | 033100.KQ | 2.71% | $1,000.15 | 26.62% |
| 0RAR.L | 0RAR.L | 2.71% | $0.60 | 49.62% |
| 2706.TW | 2706.TW | 2.71% | $0.35 | 60.83% |
| 2734.T | 2734.T | 2.71% | $30.73 | 39.50% |
| 4051.SR | 4051.SR | 2.71% | $0.18 | 74.35% |
| 601002.SS | 601002.SS | 2.71% | $0.14 | 62.84% |
| 601326.SS | 601326.SS | 2.71% | $0.09 | 32.66% |
| 7224.T | 7224.T | 2.71% | $51.96 | 40.11% |
| AN3PG.AX | AN3PG.AX | 2.71% | $2.76 | 63.53% |
| 002478.SZ | 002478.SZ | 2.70% | $0.23 | 32.58% |
| 0QMS.L | 0QMS.L | 2.70% | $1.74 | 52.32% |
| 0R9D.L | 0R9D.L | 2.70% | $0.28 | 39.70% |
| 2739.TW | 2739.TW | 2.70% | $0.97 | 58.64% |
| 300140.SZ | 300140.SZ | 2.70% | $0.18 | 68.84% |
| 4142.SR | 4142.SR | 2.70% | $3.50 | 49.02% |
| 603100.SS | 603100.SS | 2.70% | $0.62 | 42.77% |
| 603871.SS | 603871.SS | 2.70% | $0.38 | 48.36% |
| 605028.SS | 605028.SS | 2.70% | $0.80 | 77.70% |
| 6705.TWO | 6705.TWO | 2.70% | $1.84 | 41.49% |
| 688571.SS | 688571.SS | 2.70% | $0.20 | 73.79% |
| 8390.TWO | 8390.TWO | 2.70% | $2.49 | 40.37% |
| 8936.TWO | 8936.TWO | 2.70% | $1.48 | 43.88% |
| CMRY.JK | CMRY.JK | 2.70% | $150.01 | 60.59% |
| CRJ.WA | CRJ.WA | 2.70% | $10.93 | 46.34% |
| DHG.AX | DHG.AX | 2.70% | $0.12 | 84.16% |
| SYNSAM.ST | SYNSAM.ST | 2.70% | $1.80 | 63.88% |
| 300481.SZ | 300481.SZ | 2.69% | $0.42 | 80.91% |
| 3069.KL | 3069.KL | 2.69% | $0.09 | 20.68% |
| 3147.TWO | 3147.TWO | 2.69% | $4.46 | 37.85% |
| 4023.T | 4023.T | 2.69% | $109.81 | 52.33% |
| 600888.SS | 600888.SS | 2.69% | $0.22 | 47.19% |
| 601139.SS | 601139.SS | 2.69% | $0.18 | 41.90% |
| 6462.T | 6462.T | 2.69% | $100.25 | 21.01% |
| 8261.TW | 8261.TW | 2.69% | $2.49 | 49.60% |
| GPG.ST | GPG.ST | 2.69% | $1.07 | 19.48% |
| QB7.DE | QB7.DE | 2.69% | $0.09 | 18.14% |