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 | $263.70 | |
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 | 0.39% | 0.37% | 0.36% | 0.34% | 0.33% | 0.30% | 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
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| 0293.HK | 0293.HK | 9.31% | $1.18 | 41.45% |
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| SKUE.OL | SKUE.OL | 9.31% | $32.59 | 19.52% |
| 4589.TWO | 4589.TWO | 9.30% | $3.25 | 67.47% |
| SSTRT.BK | SSTRT.BK | 9.30% | $0.40 | 78.24% |
| CLPI.JK | CLPI.JK | 9.29% | $139.36 | 65.00% |
| GXH.NZ | GXH.NZ | 9.27% | $0.10 | 47.49% |
| MOL.BD | MOL.BD | 9.27% | $272.60 | 77.71% |
| ORG.AX | ORG.AX | 9.27% | $1.05 | 62.89% |
| 0259.HK | 0259.HK | 9.26% | $0.36 | 11.31% |
| WEHB.BR | WEHB.BR | 9.26% | $4.98 | 46.05% |
| 0KD1.L | 0KD1.L | 9.24% | $0.32 | 99.60% |
| ACL.AX | ACL.AX | 9.21% | $0.25 | 79.65% |
| BMRI.JK | BMRI.JK | 9.19% | $466.18 | 84.49% |
| 0116.HK | 0116.HK | 9.18% | $1.12 | 39.62% |
| 2284.SR | 2284.SR | 9.18% | $2.64 | 99.54% |
| CGRA3.SA | CGRA3.SA | 9.18% | $2.57 | 51.61% |
| 0OPJ.L | 0OPJ.L | 9.17% | $0.50 | 56.87% |
| 000543.SZ | 000543.SZ | 9.16% | $0.73 | 69.19% |
| PANR.JK | PANR.JK | 9.16% | $60.00 | 23.97% |
| CQR.AX | CQR.AX | 9.15% | $0.37 | 94.16% |
| ILINK.BK | ILINK.BK | 9.14% | $0.43 | 60.06% |
| ELD.AX | ELD.AX | 9.10% | $0.62 | 84.73% |
| GOP.WA | GOP.WA | 9.09% | $1.00 | 94.94% |
| 000544.SZ | 000544.SZ | 9.08% | $0.76 | 69.45% |
| DIRR3.SA | DIRR3.SA | 9.08% | $1.24 | 85.08% |
| BMKS3.SA | BMKS3.SA | 9.07% | $33.58 | 19.86% |
| WHA.AS | WHA.AS | 9.07% | $1.75 | 42.00% |
| ARBS.MI | ARBS.MI | 9.06% | $0.28 | 56.80% |
| WMI.AX | WMI.AX | 9.06% | $0.15 | 52.69% |
| 2386.HK | 2386.HK | 9.05% | $0.69 | 61.95% |
| FGX.AX | FGX.AX | 9.05% | $0.12 | 56.23% |
| 0011.HK | 0011.HK | 9.04% | $13.92 | 81.46% |
| 0552.HK | 0552.HK | 9.04% | $0.42 | 39.96% |
| 3092.SR | 3092.SR | 9.03% | $2.16 | 53.08% |
| 3320.HK | 3320.HK | 9.01% | $0.41 | 35.95% |
| DF.TO | DF.TO | 9.01% | $0.68 | 14.59% |
| SIGN.SW | SIGN.SW | 9.01% | $1.02 | 82.02% |
| ODPV3.SA | ODPV3.SA | 9.00% | $1.01 | 95.59% |
| CDO.AX | CDO.AX | 8.99% | $0.17 | 71.14% |
| MDARA.RG | MDARA.RG | 8.97% | $0.93 | 55.30% |
| SRIPANWA.BK | SRIPANWA.BK | 8.97% | $0.45 | 52.90% |
| ASK.AX | ASK.AX | 8.96% | $0.14 | 41.63% |
| BBAJIOO.MX | BBAJIOO.MX | 8.95% | $4.10 | 50.16% |
| COFA.PA | COFA.PA | 8.95% | $1.40 | 91.04% |
| 0002.HK | 0002.HK | 8.94% | $6.25 | 82.57% |
| 2636.TW | 2636.TW | 8.94% | $6.00 | 73.34% |
| IFS | IFS | 8.94% | $3.77 | 21.42% |
| BIZ.BK | BIZ.BK | 8.93% | $0.36 | 64.25% |
| 6963.HK | 6963.HK | 8.92% | $0.35 | 41.98% |