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 % |
|---|---|---|---|---|
| 688267.SS | 688267.SS | 1.26% | $0.35 | 34.87% |
| 8848.T | 8848.T | 1.26% | $8.31 | 27.11% |
| BAUH4.SA | BAUH4.SA | 1.26% | $1.17 | 21.88% |
| CAST.ST | CAST.ST | 1.26% | $1.33 | 21.53% |
| CRH | CRH | 1.26% | $1.60 | 33.62% |
| HBEL.BO | HBEL.BO | 1.26% | $0.30 | 36.54% |
| JCI | JCI | 1.26% | $1.54 | 56.71% |
| KOG.OL | KOG.OL | 1.26% | $3.40 | 42.40% |
| OEM-B.ST | OEM-B.ST | 1.26% | $1.74 | 40.26% |
| SAREGAMA.BO | SAREGAMA.BO | 1.26% | $4.51 | 42.77% |
| SDPC.JK | SDPC.JK | 1.26% | $2.00 | 15.16% |
| 002448.SZ | 002448.SZ | 1.25% | $0.16 | 32.06% |
| 0QLU.L | 0QLU.L | 1.25% | $1.11 | 12.42% |
| 145720.KS | 145720.KS | 1.25% | $599.51 | 9.81% |
| 204320.KS | 204320.KS | 1.25% | $820.37 | 29.46% |
| 3684.TWO | 3684.TWO | 1.25% | $0.80 | 29.94% |
| 5819.KL | 5819.KL | 1.25% | $0.28 | 13.43% |
| 600633.SS | 600633.SS | 1.25% | $0.16 | 35.54% |
| 600850.SS | 600850.SS | 1.25% | $0.37 | 49.83% |
| 603329.SS | 603329.SS | 1.25% | $0.14 | 79.14% |
| 603920.SS | 603920.SS | 1.25% | $0.61 | 53.40% |
| 6632.T | 6632.T | 1.25% | $15.03 | 12.26% |
| 9717.T | 9717.T | 1.25% | $24.25 | 22.00% |
| 9719.T | 9719.T | 1.25% | $70.95 | 36.13% |
| ENTER.AT | ENTER.AT | 1.25% | $0.10 | 20.30% |
| ETN | ETN | 1.25% | $4.08 | 40.54% |
| IRFC.BO | IRFC.BO | 1.25% | $1.60 | 30.59% |
| LVC.WA | LVC.WA | 1.25% | $1.46 | 20.71% |
| ORSTED.CO | ORSTED.CO | 1.25% | $1.60 | 10.19% |
| 000514.SZ | 000514.SZ | 1.24% | $0.06 | 55.20% |
| 002346.SZ | 002346.SZ | 1.24% | $0.25 | 18.48% |
| 002748.SZ | 002748.SZ | 1.24% | $0.16 | 89.09% |
| 1976.T | 1976.T | 1.24% | $21.03 | 12.53% |
| 300763.SZ | 300763.SZ | 1.24% | $0.88 | 39.17% |
| 600871.SS | 600871.SS | 1.24% | $0.03 | 81.02% |
| 603585.SS | 603585.SS | 1.24% | $0.23 | 35.70% |
| 605116.SS | 605116.SS | 1.24% | $0.31 | 29.49% |
| ALWED.PA | ALWED.PA | 1.24% | $0.38 | 21.38% |
| MNC.WA | MNC.WA | 1.24% | $0.60 | 6.22% |
| MTHH.CO | MTHH.CO | 1.24% | $6.49 | 19.74% |
| WALL-B.ST | WALL-B.ST | 1.24% | $0.51 | 17.40% |
| WRT1V.HE | WRT1V.HE | 1.24% | $0.38 | 40.46% |
| 041830.KQ | 041830.KQ | 1.23% | $400.00 | 16.47% |
| 0QHK.L | 0QHK.L | 1.23% | $1.12 | 27.54% |
| 0Y5C.L | 0Y5C.L | 1.23% | $1.99 | 26.83% |
| 300726.SZ | 300726.SZ | 1.23% | $0.63 | 74.98% |
| 300916.SZ | 300916.SZ | 1.23% | $0.40 | 42.79% |
| 4148.TW | 4148.TW | 1.23% | $0.48 | 23.21% |
| 544.SI | 544.SI | 1.23% | $0.01 | 26.84% |
| 600104.SS | 600104.SS | 1.23% | $0.19 | 75.02% |