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 % |
|---|---|---|---|---|
| 267260.KS | 267260.KS | 0.89% | $7,249.71 | 42.35% |
| 300525.SZ | 300525.SZ | 0.89% | $0.12 | 34.47% |
| 4687.T | 4687.T | 0.89% | $12.18 | 15.56% |
| 600183.SS | 600183.SS | 0.89% | $0.64 | 55.02% |
| 6788.T | 6788.T | 0.89% | $44.85 | 16.55% |
| 9691.T | 9691.T | 0.89% | $40.79 | 8.31% |
| BHARTIARTL.BO | BHARTIARTL.BO | 0.89% | $18.72 | 29.59% |
| HLNG.OL | HLNG.OL | 0.89% | $0.21 | 40.91% |
| TIV.CO | TIV.CO | 0.89% | $5.38 | 28.04% |
| VIO.BR | VIO.BR | 0.89% | $0.11 | 17.28% |
| 000500.KS | 000500.KS | 0.88% | $732.54 | 24.54% |
| 001308.SZ | 001308.SZ | 0.88% | $0.18 | 16.54% |
| 002897.SZ | 002897.SZ | 0.88% | $0.48 | 55.79% |
| 003037.SZ | 003037.SZ | 0.88% | $0.07 | 50.14% |
| 007540.KS | 007540.KS | 0.88% | $429.14 | 6.88% |
| 085370.KQ | 085370.KQ | 0.88% | $322.62 | 28.80% |
| 0R86.L | 0R86.L | 0.88% | $2.27 | 50.10% |
| 300819.SZ | 300819.SZ | 0.88% | $0.30 | 76.59% |
| 600059.SS | 600059.SS | 0.88% | $0.08 | 35.44% |
| 603320.SS | 603320.SS | 0.88% | $0.17 | 33.25% |
| 603638.SS | 603638.SS | 0.88% | $0.17 | 36.94% |
| 6501.T | 6501.T | 0.88% | $43.21 | 31.27% |
| 688301.SS | 688301.SS | 0.88% | $0.89 | 33.95% |
| LIFCO-B.ST | LIFCO-B.ST | 0.88% | $3.01 | 38.31% |
| SFAST.ST | SFAST.ST | 0.88% | $0.10 | 10.28% |
| SHELTER.BO | SHELTER.BO | 0.88% | $0.33 | 5.27% |
| STOR-B.ST | STOR-B.ST | 0.88% | $0.10 | 15.93% |
| 000716.SZ | 000716.SZ | 0.87% | $0.05 | 93.99% |
| 002098.SZ | 002098.SZ | 0.87% | $0.09 | 15.46% |
| 002522.SZ | 002522.SZ | 0.87% | $0.05 | 57.20% |
| 0NUT.L | 0NUT.L | 0.87% | $0.37 | 23.02% |
| 0QLD.L | 0QLD.L | 0.87% | $4.25 | 11.41% |
| 2539.TW | 2539.TW | 0.87% | $0.42 | 9.40% |
| 301161.SZ | 301161.SZ | 0.87% | $0.33 | 54.21% |
| 600372.SS | 600372.SS | 0.87% | $0.12 | 76.83% |
| 6015.SR | 6015.SR | 0.87% | $0.02 | 71.84% |
| 603271.SS | 603271.SS | 0.87% | $0.36 | 17.95% |
| 603505.SS | 603505.SS | 0.87% | $0.16 | 55.70% |
| 603583.SS | 603583.SS | 0.87% | $0.33 | 34.75% |
| 603737.SS | 603737.SS | 0.87% | $0.40 | 44.74% |
| 688138.SS | 688138.SS | 0.87% | $0.25 | 39.39% |
| 688681.SS | 688681.SS | 0.87% | $0.15 | 31.27% |
| ALODC.PA | ALODC.PA | 0.87% | $0.07 | 9.35% |
| ECIT.OL | ECIT.OL | 0.87% | $0.09 | 41.41% |
| TEBE.JK | TEBE.JK | 0.87% | $21.24 | 21.37% |
| 000404.SZ | 000404.SZ | 0.86% | $0.06 | 8.84% |
| 002204.SZ | 002204.SZ | 0.86% | $0.07 | 21.33% |
| 002817.SZ | 002817.SZ | 0.86% | $0.07 | 33.65% |
| 015760.KS | 015760.KS | 0.86% | $400.28 | 3.12% |
| 300802.SZ | 300802.SZ | 0.86% | $0.16 | 51.16% |