Dividend Discount Models Snapshot
| Model | Range | Selected |
|---|---|---|
| Stable Growth DDM | $159.38 - $202.46 | $181.10 |
| Multi-Stage DDM | $173.48 - $191.63 | $182.37 |
| Blended Fair Value | $181.74 | |
| Stock Price | $480.45 | |
Dividend History (Last 10 Years)
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| DPS | 11.321 | 8.715 | 8.732 | 21.816 | 7.927 | 6.899 | 10.117 | 8.293 | 4.733 | 8.231 |
| YoY % | 29.91% | -0.20% | -59.98% | 175.20% | 14.91% | -31.81% | 21.99% | 75.21% | -42.49% | -21.18% |
| Yield | 2.36% | 1.81% | 1.82% | 4.54% | 1.65% | 1.44% | 2.11% | 1.73% | 0.99% | 1.71% |
| CAGR | Value |
|---|---|
| 5 Year | 10.41% |
| 10 Year | 0.81% |
Discounted Dividend Model - Stable Growth
| Metric | Range | Selected |
|---|---|---|
| LT Growth | -7.80% to -5.80% | -6.80% |
| WACC | 9.00% | 9.00% |
| Fair Value | $159.38 - $202.46 | $181.10 |
Calculation Details (Millions)
| Metric | LOW | BASE | HIGH |
|---|---|---|---|
| Required Retention Ratio | 20.0% | 12.5% | 7.5% |
| (*) Adjusted Net Income | 148.02 | 148.02 | 148.02 |
| (=) Cash Required | 29.60 | 18.50 | 11.10 |
| (=) Excess Retained per Share | 17.73 | 19.39 | 20.50 |
| LTM Dividend per Share | 11.321 | 11.321 | 11.321 |
| (=) Adjusted Dividend | 29.049 | 30.711 | 31.819 |
Multi-Stage Projections (BASE Case - Millions)
| Metric | TTM | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
|---|---|---|---|---|---|---|
| Net Income | 148.02 | 137.95 | 128.57 | 119.82 | 111.67 | 104.07 |
| Projected Dividends | 75.62 | 34.49 | 52.71 | 68.30 | 81.52 | 93.66 |
Multi-Stage Valuation (Millions)
| Present Values | LOW | BASE | HIGH |
|---|---|---|---|
| Year 1 PV | 32.68 | 33.03 | 33.39 |
| Year 2 PV | 45.33 | 46.32 | 47.32 |
| Year 3 PV | 53.31 | 55.06 | 56.85 |
| Year 4 PV | 57.74 | 60.29 | 62.92 |
| Year 5 PV | 60.22 | 63.55 | 67.04 |
| TV PV | 909.52 | 959.92 | 1,012.54 |
| Equity Value | 1,158.80 | 1,218.18 | 1,280.06 |
| Fair Value | $173.48 | $182.37 | $191.63 |
Top Dividend Stocks
| Ticker | Company Name | Yield % | DPS | Payout % |
|---|---|---|---|---|
| 6516.T | 6516.T | 1.33% | $55.65 | 26.20% |
| 688100.SS | 688100.SS | 1.33% | $0.52 | 37.34% |
| 688289.SS | 688289.SS | 1.33% | $0.25 | 66.12% |
| EPRO-B.ST | EPRO-B.ST | 1.33% | $0.85 | 36.36% |
| 002768.SZ | 002768.SZ | 1.32% | $0.70 | 22.17% |
| 002879.SZ | 002879.SZ | 1.32% | $0.25 | 73.81% |
| 300286.SZ | 300286.SZ | 1.32% | $0.30 | 36.95% |
| 300684.SZ | 300684.SZ | 1.32% | $0.65 | 60.38% |
| 300976.SZ | 300976.SZ | 1.32% | $0.79 | 35.98% |
| 600489.SS | 600489.SS | 1.32% | $0.31 | 33.93% |
| 600686.SS | 600686.SS | 1.32% | $0.23 | 51.04% |
| 603829.SS | 603829.SS | 1.32% | $0.29 | 41.39% |
| 6055.HK | 6055.HK | 1.32% | $0.47 | 19.10% |
| 6449.TW | 6449.TW | 1.32% | $2.29 | 39.61% |
| 688093.SS | 688093.SS | 1.32% | $0.49 | 33.88% |
| ASPO.HE | ASPO.HE | 1.32% | $0.09 | 14.38% |
| NA9.DE | NA9.DE | 1.32% | $1.00 | 25.87% |
| 002353.SZ | 002353.SZ | 1.31% | $0.93 | 33.49% |
| 002859.SZ | 002859.SZ | 1.31% | $0.36 | 77.54% |
| 002961.SZ | 002961.SZ | 1.31% | $0.35 | 33.25% |
| 003850.KS | 003850.KS | 1.31% | $122.56 | 26.40% |
| 158430.KQ | 158430.KQ | 1.31% | $84.54 | 20.61% |
| 601898.SS | 601898.SS | 1.31% | $0.16 | 16.91% |
| 605018.SS | 605018.SS | 1.31% | $0.15 | 83.12% |
| 6191.T | 6191.T | 1.31% | $9.93 | 12.12% |
| 9902.T | 9902.T | 1.31% | $33.40 | 19.49% |
| NRCA.JK | NRCA.JK | 1.31% | $21.84 | 34.93% |
| 000370.KS | 000370.KS | 1.30% | $71.58 | 4.70% |
| 000559.SZ | 000559.SZ | 1.30% | $0.22 | 74.64% |
| 1530.HK | 1530.HK | 1.30% | $0.32 | 19.42% |
| 2982.T | 2982.T | 1.30% | $5.48 | 11.64% |
| 300088.SZ | 300088.SZ | 1.30% | $0.08 | 55.80% |
| 300677.SZ | 300677.SZ | 1.30% | $0.51 | 18.70% |
| 600737.SS | 600737.SS | 1.30% | $0.22 | 35.03% |
| 603387.SS | 603387.SS | 1.30% | $0.11 | 26.34% |
| 603444.SS | 603444.SS | 1.30% | $5.50 | 26.28% |
| 603617.SS | 603617.SS | 1.30% | $0.10 | 79.26% |
| 603915.SS | 603915.SS | 1.30% | $0.24 | 58.27% |
| 605580.SS | 605580.SS | 1.30% | $0.29 | 67.76% |
| 688550.SS | 688550.SS | 1.30% | $0.59 | 29.38% |
| 9302.T | 9302.T | 1.30% | $48.64 | 37.22% |
| 9519.SR | 9519.SR | 1.30% | $0.09 | 32.44% |
| ASAI3.SA | ASAI3.SA | 1.30% | $0.09 | 13.94% |
| BBLD.JK | BBLD.JK | 1.30% | $12.00 | 39.59% |
| S58.SI | S58.SI | 1.30% | $0.05 | 28.81% |
| 000927.SZ | 000927.SZ | 1.29% | $0.03 | 42.86% |
| 001229.SZ | 001229.SZ | 1.29% | $0.56 | 82.58% |
| 001283.SZ | 001283.SZ | 1.29% | $0.90 | 39.06% |
| 0R43.L | 0R43.L | 1.29% | $3.31 | 17.30% |
| 192820.KS | 192820.KS | 1.29% | $2,299.12 | 52.32% |