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 % |
|---|---|---|---|---|
| WIIT.MI | WIIT.MI | 1.49% | $0.30 | 78.75% |
| 010130.KS | 010130.KS | 1.48% | $19,110.01 | 86.56% |
| 0R3I.L | 0R3I.L | 1.48% | $1.09 | 19.46% |
| 2445.KL | 2445.KL | 1.48% | $0.29 | 39.87% |
| 264900.KS | 264900.KS | 1.48% | $130.05 | 9.54% |
| 300627.SZ | 300627.SZ | 1.48% | $0.52 | 41.90% |
| 4FY.F | 4FY.F | 1.48% | $0.03 | 0.78% |
| 601633.SS | 601633.SS | 1.48% | $0.34 | 26.17% |
| 605499.SS | 605499.SS | 1.48% | $3.95 | 46.92% |
| CHEMM.CO | CHEMM.CO | 1.48% | $10.00 | 53.93% |
| LPC.V | LPC.V | 1.48% | $0.03 | 58.11% |
| ROVI.MC | ROVI.MC | 1.48% | $0.94 | 39.48% |
| 002627.SZ | 002627.SZ | 1.47% | $0.11 | 83.03% |
| 4917.T | 4917.T | 1.47% | $40.01 | 89.41% |
| 600908.SS | 600908.SS | 1.47% | $0.09 | 8.24% |
| 603128.SS | 603128.SS | 1.47% | $0.09 | 31.49% |
| 603192.SS | 603192.SS | 1.47% | $0.39 | 42.81% |
| 605155.SS | 605155.SS | 1.47% | $0.25 | 38.23% |
| 6824.T | 6824.T | 1.47% | $60.05 | 21.02% |
| MT.AS | MT.AS | 1.47% | $0.59 | 17.37% |
| 000120.KS | 000120.KS | 1.46% | $1,384.18 | 11.62% |
| 001319.SZ | 001319.SZ | 1.46% | $0.40 | 42.15% |
| 002430.SZ | 002430.SZ | 1.46% | $0.44 | 42.21% |
| 088790.KS | 088790.KS | 1.46% | $29.41 | 17.12% |
| 138A.T | 138A.T | 1.46% | $39.93 | 30.85% |
| 195870.KS | 195870.KS | 1.46% | $800.14 | 51.39% |
| 600475.SS | 600475.SS | 1.46% | $0.27 | 45.95% |
| 603896.SS | 603896.SS | 1.46% | $0.28 | 42.25% |
| 6517.T | 6517.T | 1.46% | $52.36 | 21.56% |
| 688269.SS | 688269.SS | 1.46% | $0.58 | 68.32% |
| 688777.SS | 688777.SS | 1.46% | $0.72 | 68.29% |
| ALU10.PA | ALU10.PA | 1.46% | $0.02 | 61.68% |
| DESP | DESP | 1.46% | $0.28 | 85.32% |
| DGI9.L | DGI9.L | 1.46% | $0.09 | 18.97% |
| FALABELLA.SN | FALABELLA.SN | 1.46% | $88.36 | 25.66% |
| 052400.KQ | 052400.KQ | 1.45% | $683.72 | 25.31% |
| 138040.KS | 138040.KS | 1.45% | $1,617.86 | 12.25% |
| 300708.SZ | 300708.SZ | 1.45% | $0.13 | 49.25% |
| 3056.TW | 3056.TW | 1.45% | $0.26 | 5.02% |
| 601116.SS | 601116.SS | 1.45% | $0.20 | 80.56% |
| 603089.SS | 603089.SS | 1.45% | $0.18 | 28.19% |
| 9523.SR | 9523.SR | 1.45% | $0.50 | 8.57% |
| BBIK.BK | BBIK.BK | 1.45% | $0.22 | 13.18% |
| EXO.AS | EXO.AS | 1.45% | $1.05 | 1.36% |
| PNVL3.SA | PNVL3.SA | 1.45% | $0.18 | 23.28% |
| SIG | SIG | 1.45% | $1.25 | 35.52% |
| URB-A.CN | URB-A.CN | 1.45% | $0.13 | 5.63% |
| 002242.SZ | 002242.SZ | 1.44% | $0.15 | 77.40% |
| 009070.KS | 009070.KS | 1.44% | $88.49 | 12.75% |
| 012320.KS | 012320.KS | 1.44% | $760.23 | 7.07% |