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 % |
|---|---|---|---|---|
| LTMC.MI | LTMC.MI | 1.41% | $0.31 | 55.88% |
| 002064.SZ | 002064.SZ | 1.40% | $0.15 | 45.82% |
| 002203.SZ | 002203.SZ | 1.40% | $0.18 | 52.28% |
| 002357.SZ | 002357.SZ | 1.40% | $0.15 | 25.09% |
| 300105.SZ | 300105.SZ | 1.40% | $0.10 | 64.82% |
| 4005.SR | 4005.SR | 1.40% | $2.00 | 28.58% |
| 600517.SS | 600517.SS | 1.40% | $0.08 | 20.41% |
| CCL-A.TO | CCL-A.TO | 1.40% | $1.25 | 27.03% |
| CGAU | CGAU | 1.40% | $0.20 | 12.28% |
| MHKI.JK | MHKI.JK | 1.40% | $2.92 | 29.72% |
| ROVIO.HE | ROVIO.HE | 1.40% | $0.13 | 42.86% |
| 000750.SZ | 000750.SZ | 1.39% | $0.06 | 39.70% |
| 011210.KS | 011210.KS | 1.39% | $1,101.79 | 20.24% |
| 2610.HK | 2610.HK | 1.39% | $0.69 | 69.79% |
| 272290.KQ | 272290.KQ | 1.39% | $328.80 | 9.47% |
| 301158.SZ | 301158.SZ | 1.39% | $0.31 | 35.01% |
| 600777.SS | 600777.SS | 1.39% | $0.05 | 21.18% |
| 603393.SS | 603393.SS | 1.39% | $0.37 | 14.02% |
| CLAS-B.ST | CLAS-B.ST | 1.39% | $4.22 | 28.54% |
| GMG.AX | GMG.AX | 1.39% | $0.43 | 54.37% |
| LASP.CO | LASP.CO | 1.39% | $20.04 | 15.86% |
| 000061.SZ | 000061.SZ | 1.38% | $0.14 | 71.88% |
| 002536.SZ | 002536.SZ | 1.38% | $0.41 | 67.28% |
| 002797.SZ | 002797.SZ | 1.38% | $0.09 | 38.51% |
| 2172.HK | 2172.HK | 1.38% | $0.16 | 21.06% |
| 600549.SS | 600549.SS | 1.38% | $0.56 | 42.55% |
| 603203.SS | 603203.SS | 1.38% | $0.51 | 51.54% |
| 688597.SS | 688597.SS | 1.38% | $0.11 | 38.03% |
| 9422.T | 9422.T | 1.38% | $26.35 | 32.61% |
| FESTI.IC | FESTI.IC | 1.38% | $4.49 | 30.70% |
| FSI | FSI | 1.38% | $0.09 | 27.13% |
| OMED.JK | OMED.JK | 1.38% | $2.88 | 23.51% |
| RY4C.DE | RY4C.DE | 1.38% | $0.41 | 18.55% |
| SELIC.BK | SELIC.BK | 1.38% | $0.04 | 17.06% |
| TALF.JK | TALF.JK | 1.38% | $8.00 | 38.14% |
| YRM.MI | YRM.MI | 1.38% | $4.00 | 36.08% |
| 000795.SZ | 000795.SZ | 1.37% | $0.14 | 61.81% |
| 001268.SZ | 001268.SZ | 1.37% | $0.49 | 64.59% |
| 600196.SS | 600196.SS | 1.37% | $0.36 | 29.17% |
| 603707.SS | 603707.SS | 1.37% | $0.12 | 30.81% |
| 605222.SS | 605222.SS | 1.37% | $0.25 | 69.76% |
| 6782.TW | 6782.TW | 1.37% | $2.39 | 21.51% |
| LIN | LIN | 1.37% | $5.88 | 39.08% |
| RAY-B.ST | RAY-B.ST | 1.37% | $3.00 | 46.95% |
| SHAWGELTIN.BO | SHAWGELTIN.BO | 1.37% | $5.00 | 13.05% |
| 006220.KS | 006220.KS | 1.36% | $156.00 | 67.72% |
| 2505.HK | 2505.HK | 1.36% | $0.02 | 8.61% |
| 300207.SZ | 300207.SZ | 1.36% | $0.35 | 39.10% |
| 300993.SZ | 300993.SZ | 1.36% | $0.20 | 35.95% |
| 3794.KL | 3794.KL | 1.36% | $0.11 | 29.56% |