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 % |
|---|---|---|---|---|
| 300389.SZ | 300389.SZ | 0.92% | $0.15 | 30.03% |
| 301130.SZ | 301130.SZ | 0.92% | $0.26 | 51.19% |
| 6168.HK | 6168.HK | 0.92% | $0.26 | 12.52% |
| A2M.AX | A2M.AX | 0.92% | $0.08 | 18.59% |
| BSOFT.BO | BSOFT.BO | 0.92% | $3.96 | 24.09% |
| DFY.TO | DFY.TO | 0.92% | $0.69 | 17.72% |
| ELTON.AT | ELTON.AT | 0.92% | $0.02 | 15.29% |
| PRY.MI | PRY.MI | 0.92% | $0.83 | 21.11% |
| SMKL.JK | SMKL.JK | 0.92% | $1.61 | 31.12% |
| TT | TT | 0.92% | $3.64 | 27.90% |
| 001256.SZ | 001256.SZ | 0.91% | $0.20 | 31.52% |
| 002029.SZ | 002029.SZ | 0.91% | $0.10 | 14.96% |
| 002106.SZ | 002106.SZ | 0.91% | $0.10 | 23.71% |
| 002732.SZ | 002732.SZ | 0.91% | $0.16 | 32.63% |
| 002907.SZ | 002907.SZ | 0.91% | $0.14 | 75.56% |
| 067830.KS | 067830.KS | 0.91% | $29.97 | 10.71% |
| 300950.SZ | 300950.SZ | 0.91% | $0.21 | 44.07% |
| 301662.SZ | 301662.SZ | 0.91% | $1.10 | 69.65% |
| 3291.T | 3291.T | 0.91% | $22.83 | 12.14% |
| 601601.SS | 601601.SS | 0.91% | $0.38 | 6.97% |
| 603859.SS | 603859.SS | 0.91% | $0.38 | 39.03% |
| 605339.SS | 605339.SS | 0.91% | $0.18 | 94.45% |
| 7504.T | 7504.T | 0.91% | $27.03 | 14.78% |
| AHL | AHL | 0.91% | $0.34 | 6.83% |
| EPSIL.AT | EPSIL.AT | 0.91% | $0.11 | 16.81% |
| FCC.MC | FCC.MC | 0.91% | $0.10 | 19.61% |
| IFX.DE | IFX.DE | 0.91% | $0.35 | 44.87% |
| MARE.MI | MARE.MI | 0.91% | $0.04 | 29.31% |
| 000590.KS | 000590.KS | 0.90% | $684.90 | 2.69% |
| 002484.SZ | 002484.SZ | 0.90% | $0.27 | 32.53% |
| 002733.SZ | 002733.SZ | 0.90% | $0.18 | 78.92% |
| 014680.KS | 014680.KS | 0.90% | $2,160.75 | 15.49% |
| 025820.KS | 025820.KS | 0.90% | $50.41 | 21.46% |
| 2130.HK | 2130.HK | 0.90% | $0.03 | 30.46% |
| 300617.SZ | 300617.SZ | 0.90% | $0.29 | 39.28% |
| 300643.SZ | 300643.SZ | 0.90% | $0.18 | 24.29% |
| 300725.SZ | 300725.SZ | 0.90% | $0.35 | 34.81% |
| 300837.SZ | 300837.SZ | 0.90% | $0.31 | 78.86% |
| 3318.HK | 3318.HK | 0.90% | $0.02 | 18.28% |
| 3476.KL | 3476.KL | 0.90% | $0.05 | 8.85% |
| 3588.TW | 3588.TW | 0.90% | $0.44 | 31.29% |
| JSPT.JK | JSPT.JK | 0.90% | $28.03 | 25.39% |
| MAPI.JK | MAPI.JK | 0.90% | $10.65 | 9.67% |
| SMBR.JK | SMBR.JK | 0.90% | $2.60 | 10.77% |
| STN | STN | 0.90% | $0.87 | 22.17% |
| 000159.SZ | 000159.SZ | 0.89% | $0.05 | 74.14% |
| 001266.SZ | 001266.SZ | 0.89% | $0.35 | 84.46% |
| 002250.SZ | 002250.SZ | 0.89% | $0.12 | 27.73% |
| 002997.SZ | 002997.SZ | 0.89% | $0.33 | 15.36% |
| 003041.SZ | 003041.SZ | 0.89% | $0.49 | 27.94% |