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 % |
|---|---|---|---|---|
| 001965.SZ | 001965.SZ | 1.56% | $0.16 | 20.63% |
| 005430.KS | 005430.KS | 1.56% | $999.96 | 8.24% |
| 009540.KS | 009540.KS | 1.56% | $6,131.93 | 25.76% |
| 1364.HK | 1364.HK | 1.56% | $0.38 | 37.59% |
| 2287.SR | 2287.SR | 1.56% | $0.50 | 44.58% |
| 300505.SZ | 300505.SZ | 1.56% | $0.35 | 25.89% |
| 300595.SZ | 300595.SZ | 1.56% | $0.23 | 41.79% |
| 3843.T | 3843.T | 1.56% | $26.35 | 19.53% |
| 600803.SS | 600803.SS | 1.56% | $0.32 | 22.50% |
| 7712.TWO | 7712.TWO | 1.56% | $1.35 | 27.60% |
| 9982.T | 9982.T | 1.56% | $35.42 | 19.23% |
| DPNS.JK | DPNS.JK | 1.56% | $4.83 | 19.22% |
| FTT.TO | FTT.TO | 1.56% | $1.17 | 22.66% |
| QAN.AX | QAN.AX | 1.56% | $0.16 | 8.74% |
| WEGE3.SA | WEGE3.SA | 1.56% | $0.75 | 48.87% |
| 000640.KS | 000640.KS | 1.55% | $1,671.18 | 9.99% |
| 300230.SZ | 300230.SZ | 1.55% | $0.07 | 26.87% |
| 300573.SZ | 300573.SZ | 1.55% | $1.09 | 41.31% |
| 600298.SS | 600298.SS | 1.55% | $0.68 | 38.99% |
| 601702.SS | 601702.SS | 1.55% | $0.32 | 25.48% |
| 601788.SS | 601788.SS | 1.55% | $0.27 | 33.48% |
| 6290.TWO | 6290.TWO | 1.55% | $2.88 | 45.81% |
| 000975.SZ | 000975.SZ | 1.54% | $0.37 | 35.79% |
| 300515.SZ | 300515.SZ | 1.54% | $0.30 | 33.61% |
| 600018.SS | 600018.SS | 1.54% | $0.08 | 13.46% |
| 600251.SS | 600251.SS | 1.54% | $0.14 | 50.13% |
| 603980.SS | 603980.SS | 1.54% | $0.08 | 92.72% |
| 688663.SS | 688663.SS | 1.54% | $0.60 | 60.19% |
| 7354.T | 7354.T | 1.54% | $4.48 | 16.60% |
| ALNSC.PA | ALNSC.PA | 1.54% | $1.13 | 3.63% |
| EYDAP.AT | EYDAP.AT | 1.54% | $0.12 | 44.88% |
| KALPATPOWR.NS | KALPATPOWR.NS | 1.54% | $7.96 | 27.39% |
| MAG | MAG | 1.54% | $0.38 | 37.80% |
| NSISBC.XD | NSISBC.XD | 1.54% | $6.12 | 68.56% |
| 002062.SZ | 002062.SZ | 1.53% | $0.14 | 62.78% |
| 002074.SZ | 002074.SZ | 1.53% | $0.60 | 32.33% |
| 003011.SZ | 003011.SZ | 1.53% | $0.34 | 24.62% |
| 072130.KS | 072130.KS | 1.53% | $70.05 | 20.95% |
| 0ROV.L | 0ROV.L | 1.53% | $0.88 | 10.04% |
| 4612.T | 4612.T | 1.53% | $16.00 | 22.99% |
| 603018.SS | 603018.SS | 1.53% | $0.12 | 23.64% |
| 603619.SS | 603619.SS | 1.53% | $0.35 | 31.92% |
| 7119.T | 7119.T | 1.53% | $19.70 | 35.38% |
| ELPI.JK | ELPI.JK | 1.53% | $14.34 | 40.52% |
| PIPE.TO | PIPE.TO | 1.53% | $0.03 | 5.35% |
| PYLON.BK | PYLON.BK | 1.53% | $0.04 | 36.13% |
| VAS.DE | VAS.DE | 1.53% | $0.59 | 54.73% |
| 001387.SZ | 001387.SZ | 1.52% | $0.21 | 39.65% |
| 002015.SZ | 002015.SZ | 1.52% | $0.15 | 37.18% |
| 1070.HK | 1070.HK | 1.52% | $0.16 | 18.34% |