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 % |
|---|---|---|---|---|
| 301022.SZ | 301022.SZ | 0.86% | $0.29 | 65.08% |
| 600379.SS | 600379.SS | 0.86% | $0.10 | 46.90% |
| 601958.SS | 601958.SS | 0.86% | $0.13 | 13.98% |
| 601968.SS | 601968.SS | 0.86% | $0.05 | 30.44% |
| 7059.T | 7059.T | 0.86% | $8.64 | 17.02% |
| 9075.T | 9075.T | 0.86% | $37.86 | 22.01% |
| GRAN | GRAN | 0.86% | $0.04 | 22.51% |
| JECC.JK | JECC.JK | 0.86% | $9.89 | 6.11% |
| MKAP.JK | MKAP.JK | 0.86% | $3.00 | 20.31% |
| 001460.KS | 001460.KS | 0.85% | $354.19 | 15.11% |
| 002468.SZ | 002468.SZ | 0.85% | $0.11 | 15.11% |
| 002777.SZ | 002777.SZ | 0.85% | $0.15 | 64.26% |
| 002782.SZ | 002782.SZ | 0.85% | $0.15 | 24.46% |
| 0A05.L | 0A05.L | 0.85% | $1.32 | 17.43% |
| 348210.KQ | 348210.KQ | 0.85% | $624.26 | 47.22% |
| 600621.SS | 600621.SS | 0.85% | $0.13 | 24.10% |
| 600714.SS | 600714.SS | 0.85% | $0.10 | 52.98% |
| 603162.SS | 603162.SS | 0.85% | $0.10 | 24.23% |
| 603681.SS | 603681.SS | 0.85% | $0.16 | 23.83% |
| 603977.SS | 603977.SS | 0.85% | $0.12 | 48.29% |
| ALPA3.SA | ALPA3.SA | 0.85% | $0.09 | 16.36% |
| CHDRAUIB.MX | CHDRAUIB.MX | 0.85% | $1.05 | 15.72% |
| DIOS.ST | DIOS.ST | 0.85% | $0.55 | 9.76% |
| MARKOLINES.BO | MARKOLINES.BO | 0.85% | $1.34 | 10.59% |
| PGHH.BO | PGHH.BO | 0.85% | $110.00 | 50.00% |
| 002155.SZ | 002155.SZ | 0.84% | $0.18 | 22.97% |
| 002378.SZ | 002378.SZ | 0.84% | $0.12 | 66.08% |
| 002609.SZ | 002609.SZ | 0.84% | $0.08 | 81.97% |
| 002987.SZ | 002987.SZ | 0.84% | $0.18 | 47.38% |
| 2232.HK | 2232.HK | 0.84% | $0.06 | 40.92% |
| 300484.SZ | 300484.SZ | 0.84% | $0.16 | 61.65% |
| 300558.SZ | 300558.SZ | 0.84% | $0.39 | 54.91% |
| 300622.SZ | 300622.SZ | 0.84% | $0.26 | 55.20% |
| 300820.SZ | 300820.SZ | 0.84% | $0.40 | 41.58% |
| 300962.SZ | 300962.SZ | 0.84% | $0.14 | 34.88% |
| 301128.SZ | 301128.SZ | 0.84% | $0.85 | 46.91% |
| 5471.T | 5471.T | 0.84% | $13.46 | 9.92% |
| 600010.SS | 600010.SS | 0.84% | $0.02 | 89.71% |
| 600089.SS | 600089.SS | 0.84% | $0.19 | 17.64% |
| 600369.SS | 600369.SS | 0.84% | $0.04 | 27.25% |
| 603499.SS | 603499.SS | 0.84% | $0.17 | 40.47% |
| 6983.TWO | 6983.TWO | 0.84% | $1.50 | 28.47% |
| AEM | AEM | 0.84% | $1.42 | 20.98% |
| BDI.TO | BDI.TO | 0.84% | $0.12 | 22.60% |
| LPGI.JK | LPGI.JK | 0.84% | $6.00 | 14.47% |
| MALT.PA | MALT.PA | 0.84% | $7.83 | 4.76% |
| 000705.SZ | 000705.SZ | 0.83% | $0.07 | 52.84% |
| 001296.SZ | 001296.SZ | 0.83% | $0.22 | 22.41% |
| 003033.SZ | 003033.SZ | 0.83% | $0.66 | 32.29% |
| 010660.KS | 010660.KS | 0.83% | $40.19 | 25.46% |