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 % |
|---|---|---|---|---|
| 9753.T | 9753.T | 1.10% | $14.88 | 9.61% |
| AVT-B.ST | AVT-B.ST | 1.10% | $0.10 | 32.56% |
| CDA.AX | CDA.AX | 1.10% | $0.32 | 31.38% |
| IDNTT.MI | IDNTT.MI | 1.10% | $0.03 | 11.47% |
| KGP.L | KGP.L | 1.10% | $0.80 | 12.81% |
| SHUL3.SA | SHUL3.SA | 1.10% | $0.31 | 44.56% |
| UPR.IR | UPR.IR | 1.10% | $0.04 | 9.04% |
| ZEEL.BO | ZEEL.BO | 1.10% | $1.00 | 16.79% |
| 001250.KS | 001250.KS | 1.09% | $25.08 | 4.73% |
| 002429.SZ | 002429.SZ | 1.09% | $0.08 | 29.88% |
| 002953.SZ | 002953.SZ | 1.09% | $0.12 | 32.59% |
| 300319.SZ | 300319.SZ | 1.09% | $0.13 | 33.08% |
| 300674.SZ | 300674.SZ | 1.09% | $0.26 | 46.66% |
| 300783.SZ | 300783.SZ | 1.09% | $0.25 | 44.60% |
| 4091.T | 4091.T | 1.09% | $51.01 | 20.63% |
| 600707.SS | 600707.SS | 1.09% | $0.07 | 64.77% |
| 601890.SS | 601890.SS | 1.09% | $0.11 | 35.99% |
| 6259.TWO | 6259.TWO | 1.09% | $0.20 | 54.01% |
| 6503.T | 6503.T | 1.09% | $50.17 | 26.33% |
| 6803.T | 6803.T | 1.09% | $1.01 | 13.81% |
| 9119.T | 9119.T | 1.09% | $15.50 | 11.01% |
| SKAN.SW | SKAN.SW | 1.09% | $0.58 | 26.70% |
| SWID.JK | SWID.JK | 1.09% | $1.49 | 21.40% |
| 003610.KS | 003610.KS | 1.08% | $61.37 | 81.78% |
| 1SXP.F | 1SXP.F | 1.08% | $0.16 | 16.41% |
| 4464.T | 4464.T | 1.08% | $43.43 | 31.92% |
| 600547.SS | 600547.SS | 1.08% | $0.42 | 39.93% |
| 600796.SS | 600796.SS | 1.08% | $0.07 | 31.17% |
| 601888.SS | 601888.SS | 1.08% | $1.02 | 61.99% |
| 605005.SS | 605005.SS | 1.08% | $0.21 | 37.31% |
| 605305.SS | 605305.SS | 1.08% | $0.45 | 18.57% |
| CLEO.JK | CLEO.JK | 1.08% | $5.02 | 13.26% |
| LAGR-B.ST | LAGR-B.ST | 1.08% | $2.19 | 41.29% |
| TGLS | TGLS | 1.08% | $0.56 | 14.58% |
| 002008.SZ | 002008.SZ | 1.07% | $0.44 | 40.28% |
| 002202.SZ | 002202.SZ | 1.07% | $0.22 | 34.44% |
| 028260.KS | 028260.KS | 1.07% | $2,611.00 | 20.13% |
| 300824.SZ | 300824.SZ | 1.07% | $0.12 | 34.67% |
| 300988.SZ | 300988.SZ | 1.07% | $0.24 | 33.20% |
| 4063.T | 4063.T | 1.07% | $51.99 | 20.10% |
| 600106.SS | 600106.SS | 1.07% | $0.07 | 38.79% |
| 603628.SS | 603628.SS | 1.07% | $0.14 | 43.21% |
| 605333.SS | 605333.SS | 1.07% | $0.32 | 22.66% |
| 688075.SS | 688075.SS | 1.07% | $0.42 | 43.69% |
| ALKER.PA | ALKER.PA | 1.07% | $0.01 | 1.99% |
| HEM.ST | HEM.ST | 1.07% | $1.70 | 29.97% |
| JIM.L | JIM.L | 1.07% | $0.12 | 68.74% |
| LIPR3.SA | LIPR3.SA | 1.07% | $0.39 | 18.20% |
| LTIM.BO | LTIM.BO | 1.07% | $64.91 | 39.55% |
| 002085.SZ | 002085.SZ | 1.06% | $0.17 | 44.04% |