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 % |
|---|---|---|---|---|
| 600283.SS | 600283.SS | 1.84% | $0.17 | 40.35% |
| 600348.SS | 600348.SS | 1.84% | $0.15 | 35.88% |
| 601878.SS | 601878.SS | 1.84% | $0.20 | 35.18% |
| 603339.SS | 603339.SS | 1.84% | $0.24 | 45.85% |
| 603351.SS | 603351.SS | 1.84% | $0.48 | 43.82% |
| 603637.SS | 603637.SS | 1.84% | $0.20 | 51.47% |
| 7160.KL | 7160.KL | 1.84% | $0.07 | 96.65% |
| E28.SI | E28.SI | 1.84% | $0.03 | 28.64% |
| LATO-B.ST | LATO-B.ST | 1.84% | $4.09 | 54.81% |
| 0GXK.L | 0GXK.L | 1.83% | $7.26 | 42.89% |
| 3402.T | 3402.T | 1.83% | $18.69 | 47.76% |
| 603726.SS | 603726.SS | 1.83% | $0.44 | 37.76% |
| AAG.DE | AAG.DE | 1.83% | $0.22 | 17.47% |
| CTPNV.AS | CTPNV.AS | 1.83% | $0.32 | 12.83% |
| G92.SI | G92.SI | 1.83% | $0.03 | 30.20% |
| 002083.SZ | 002083.SZ | 1.82% | $0.22 | 63.82% |
| 002393.SZ | 002393.SZ | 1.82% | $0.39 | 26.18% |
| 002906.SZ | 002906.SZ | 1.82% | $0.56 | 39.04% |
| 008040.KS | 008040.KS | 1.82% | $19.85 | 11.32% |
| 023810.KS | 023810.KS | 1.82% | $179.93 | 35.31% |
| 4245.T | 4245.T | 1.82% | $12.36 | 69.20% |
| 4568.T | 4568.T | 1.82% | $60.92 | 38.27% |
| 601956.SS | 601956.SS | 1.82% | $0.13 | 63.00% |
| 6238.T | 6238.T | 1.82% | $19.46 | 27.81% |
| 688819.SS | 688819.SS | 1.82% | $0.61 | 40.50% |
| 7917.T | 7917.T | 1.82% | $21.03 | 23.83% |
| 8905.T | 8905.T | 1.82% | $50.02 | 79.78% |
| GAVA.MX | GAVA.MX | 1.82% | $3.25 | 14.81% |
| H13.SI | H13.SI | 1.82% | $0.04 | 17.64% |
| RUG.ST | RUG.ST | 1.82% | $1.26 | 43.10% |
| SAMART.BK | SAMART.BK | 1.82% | $0.10 | 21.27% |
| 002946.SZ | 002946.SZ | 1.81% | $0.33 | 41.97% |
| 0OFP.IL | 0OFP.IL | 1.81% | $3.99 | 24.59% |
| 2040.SR | 2040.SR | 1.81% | $0.50 | 86.31% |
| 3260.TWO | 3260.TWO | 1.81% | $5.07 | 46.69% |
| 5235SS.KL | 5235SS.KL | 1.81% | $0.16 | 38.48% |
| 5321.TWO | 5321.TWO | 1.81% | $0.67 | 83.04% |
| 605088.SS | 605088.SS | 1.81% | $0.65 | 42.04% |
| 6271.TW | 6271.TW | 1.81% | $2.43 | 32.14% |
| 6754.T | 6754.T | 1.81% | $40.67 | 57.15% |
| HEBA-B.ST | HEBA-B.ST | 1.81% | $0.55 | 33.11% |
| VRG.WA | VRG.WA | 1.81% | $0.09 | 22.39% |
| 002552.SZ | 002552.SZ | 1.80% | $0.30 | 61.55% |
| 002811.SZ | 002811.SZ | 1.80% | $0.27 | 58.86% |
| 0288.HK | 0288.HK | 1.80% | $0.16 | 82.20% |
| 0YSU.L | 0YSU.L | 1.80% | $3.80 | 53.30% |
| 300272.SZ | 300272.SZ | 1.80% | $0.13 | 82.69% |
| 600461.SS | 600461.SS | 1.80% | $0.17 | 22.97% |
| 600794.SS | 600794.SS | 1.80% | $0.07 | 99.64% |
| 605099.SS | 605099.SS | 1.80% | $0.64 | 40.62% |