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 % |
|---|---|---|---|---|
| 002244.SZ | 002244.SZ | 2.61% | $0.26 | 24.72% |
| 023800.KS | 023800.KS | 2.61% | $170.34 | 14.79% |
| 0O2W.L | 0O2W.L | 2.61% | $0.50 | 37.28% |
| 4332.SR | 4332.SR | 2.61% | $0.13 | 13.56% |
| 603713.SS | 603713.SS | 2.61% | $1.45 | 40.70% |
| 7743.T | 7743.T | 2.61% | $14.99 | 32.99% |
| GBF.DE | GBF.DE | 2.61% | $2.87 | 57.97% |
| SMTO3.SA | SMTO3.SA | 2.61% | $0.39 | 25.61% |
| TURSG.IS | TURSG.IS | 2.61% | $0.30 | 17.12% |
| 015230.KS | 015230.KS | 2.60% | $159.78 | 12.73% |
| 300761.SZ | 300761.SZ | 2.60% | $0.54 | 69.75% |
| 3257.TW | 3257.TW | 2.60% | $1.80 | 83.24% |
| 000028.SZ | 000028.SZ | 2.59% | $0.63 | 66.16% |
| 000423.SZ | 000423.SZ | 2.59% | $1.27 | 48.72% |
| 002375.SZ | 002375.SZ | 2.59% | $0.10 | 39.98% |
| 002508.SZ | 002508.SZ | 2.59% | $0.50 | 30.91% |
| 035510.KS | 035510.KS | 2.59% | $430.09 | 12.26% |
| 4732.T | 4732.T | 2.59% | $44.46 | 52.49% |
| 600623.SS | 600623.SS | 2.59% | $0.20 | 60.15% |
| 603367.SS | 603367.SS | 2.59% | $0.45 | 41.25% |
| 6794.T | 6794.T | 2.59% | $70.19 | 37.70% |
| ORNAV.HE | ORNAV.HE | 2.59% | $1.63 | 73.31% |
| 0027.HK | 0027.HK | 2.58% | $1.00 | 24.37% |
| 0MKP.L | 0MKP.L | 2.58% | $2.08 | 29.10% |
| 1586.HK | 1586.HK | 2.58% | $0.06 | 21.58% |
| 3612.T | 3612.T | 2.58% | $79.81 | 24.01% |
| 5334.T | 5334.T | 2.58% | $178.09 | 36.87% |
| 601137.SS | 601137.SS | 2.58% | $0.55 | 43.16% |
| 688355.SS | 688355.SS | 2.58% | $0.46 | 98.88% |
| ASAI.L | ASAI.L | 2.58% | $5.05 | 31.55% |
| DEK.WA | DEK.WA | 2.58% | $2.39 | 17.66% |
| PNGO.JK | PNGO.JK | 2.58% | $80.26 | 21.28% |
| 600999.SS | 600999.SS | 2.57% | $0.43 | 30.69% |
| 605338.SS | 605338.SS | 2.57% | $0.80 | 67.91% |
| ARB.AX | ARB.AX | 2.57% | $0.82 | 34.10% |
| ERWPF.BK | ERWPF.BK | 2.57% | $0.23 | 22.08% |
| HLUN-A.CO | HLUN-A.CO | 2.57% | $0.95 | 24.76% |
| KVT.WA | KVT.WA | 2.57% | $0.27 | 25.50% |
| UNIQ.BK | UNIQ.BK | 2.57% | $0.07 | 7.66% |
| 004710.KS | 004710.KS | 2.56% | $150.48 | 26.54% |
| 1714.TW | 1714.TW | 2.56% | $0.21 | 47.53% |
| 300880.SZ | 300880.SZ | 2.56% | $0.45 | 98.75% |
| 383220.KS | 383220.KS | 2.56% | $1,700.27 | 19.00% |
| 603227.SS | 603227.SS | 2.56% | $0.21 | 49.65% |
| 605507.SS | 605507.SS | 2.56% | $0.63 | 40.20% |
| 9319.T | 9319.T | 2.56% | $36.64 | 36.47% |
| ANA.MC | ANA.MC | 2.56% | $4.88 | 31.97% |
| GGAL.BA | GGAL.BA | 2.56% | $213.91 | 37.51% |
| HOFI.ST | HOFI.ST | 2.56% | $2.93 | 25.50% |
| P52.SI | P52.SI | 2.56% | $0.03 | 48.81% |