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 % |
|---|---|---|---|---|
| 112610.KS | 112610.KS | 2.43% | $982.89 | 21.73% |
| 300452.SZ | 300452.SZ | 2.43% | $0.33 | 58.46% |
| 603599.SS | 603599.SS | 2.43% | $0.28 | 35.02% |
| 605286.SS | 605286.SS | 2.43% | $0.99 | 75.51% |
| 9569.SR | 9569.SR | 2.43% | $0.20 | 19.26% |
| ALV | ALV | 2.43% | $2.97 | 30.32% |
| KEPEN.AT | KEPEN.AT | 2.43% | $0.05 | 39.82% |
| MSAB-B.ST | MSAB-B.ST | 2.43% | $1.50 | 65.33% |
| NEOE3.SA | NEOE3.SA | 2.43% | $0.77 | 21.26% |
| OV8.SI | OV8.SI | 2.43% | $0.06 | 66.54% |
| VIL.PA | VIL.PA | 2.43% | $0.40 | 12.44% |
| 002236.SZ | 002236.SZ | 2.42% | $0.46 | 38.43% |
| 006730.KQ | 006730.KQ | 2.42% | $309.73 | 27.66% |
| 071050.KS | 071050.KS | 2.42% | $3,984.93 | 13.09% |
| 0DQK.L | 0DQK.L | 2.42% | $0.15 | 53.98% |
| 2409.TW | 2409.TW | 2.42% | $0.31 | 41.22% |
| 300453.SZ | 300453.SZ | 2.42% | $0.21 | 45.08% |
| 600064.SS | 600064.SS | 2.42% | $0.21 | 15.60% |
| 601236.SS | 601236.SS | 2.42% | $0.20 | 95.69% |
| 9550.SR | 9550.SR | 2.42% | $1.52 | 28.67% |
| 9562.SR | 9562.SR | 2.42% | $0.67 | 13.40% |
| AEONTS-R.BK | AEONTS-R.BK | 2.42% | $2.60 | 21.04% |
| NMAN.ST | NMAN.ST | 2.42% | $4.00 | 47.45% |
| SALIK.AE | SALIK.AE | 2.42% | $0.16 | 83.74% |
| SKMO.ST | SKMO.ST | 2.42% | $1.40 | 96.86% |
| 001130.KS | 001130.KS | 2.41% | $3,470.92 | 10.83% |
| 080160.KQ | 080160.KQ | 2.41% | $249.37 | 24.80% |
| 0U96.L | 0U96.L | 2.41% | $8.07 | 61.23% |
| 3591.T | 3591.T | 2.41% | $106.27 | 49.77% |
| 601966.SS | 601966.SS | 2.41% | $0.35 | 42.43% |
| 7951.T | 7951.T | 2.41% | $26.35 | 66.95% |
| BORG.ST | BORG.ST | 2.41% | $1.50 | 43.49% |
| EIOF.OL | EIOF.OL | 2.41% | $0.30 | 28.32% |
| ETTE.HE | ETTE.HE | 2.41% | $0.23 | 71.21% |
| ZZ-B.ST | ZZ-B.ST | 2.41% | $3.76 | 58.64% |
| 002968.SZ | 002968.SZ | 2.40% | $0.29 | 59.28% |
| 0NZN.L | 0NZN.L | 2.40% | $21.10 | 23.60% |
| 4015.SR | 4015.SR | 2.40% | $3.46 | 54.14% |
| 7703.TWO | 7703.TWO | 2.40% | $5.49 | 59.71% |
| BBL.AX | BBL.AX | 2.40% | $0.04 | 25.15% |
| 002158.SZ | 002158.SZ | 2.39% | $0.60 | 60.14% |
| 004690.KS | 004690.KS | 2.39% | $3,000.02 | 10.30% |
| 0GVS.L | 0GVS.L | 2.39% | $8.76 | 32.84% |
| 300577.SZ | 300577.SZ | 2.39% | $0.51 | 36.22% |
| 3044.TW | 3044.TW | 2.39% | $7.48 | 42.14% |
| 603080.SS | 603080.SS | 2.39% | $0.57 | 43.55% |
| 6780.TWO | 6780.TWO | 2.39% | $0.80 | 89.60% |
| 6804.T | 6804.T | 2.39% | $59.44 | 25.81% |
| KBLM.JK | KBLM.JK | 2.39% | $8.08 | 12.05% |
| SCANFL.HE | SCANFL.HE | 2.39% | $0.24 | 42.33% |