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 % |
|---|---|---|---|---|
| AVIO.MI | AVIO.MI | 0.80% | $0.24 | 89.27% |
| DSOL.SG | DSOL.SG | 0.80% | $0.12 | 19.79% |
| FLOB.BR | FLOB.BR | 0.80% | $5.00 | 25.39% |
| GIGANTE.MX | GIGANTE.MX | 0.80% | $0.25 | 12.46% |
| MTC-R.BK | MTC-R.BK | 0.80% | $0.25 | 8.48% |
| 002606.SZ | 002606.SZ | 0.79% | $0.07 | 17.61% |
| 014620.KQ | 014620.KQ | 0.79% | $200.02 | 15.66% |
| 017370.KS | 017370.KS | 0.79% | $49.69 | 2.66% |
| 300701.SZ | 300701.SZ | 0.79% | $0.10 | 45.41% |
| 300847.SZ | 300847.SZ | 0.79% | $0.14 | 35.02% |
| 301591.SZ | 301591.SZ | 0.79% | $0.32 | 37.44% |
| 5306.KL | 5306.KL | 0.79% | $0.02 | 33.34% |
| 600339.SS | 600339.SS | 0.79% | $0.03 | 28.23% |
| 601086.SS | 601086.SS | 0.79% | $0.08 | 63.39% |
| 603161.SS | 603161.SS | 0.79% | $0.11 | 22.02% |
| 603606.SS | 603606.SS | 0.79% | $0.47 | 32.61% |
| 605033.SS | 605033.SS | 0.79% | $0.16 | 72.35% |
| 6463.T | 6463.T | 0.79% | $10.25 | 6.48% |
| DANR.MI | DANR.MI | 0.79% | $0.29 | 8.39% |
| GILLETTE.BO | GILLETTE.BO | 0.79% | $65.00 | 36.90% |
| PAAS | PAAS | 0.79% | $0.40 | 23.99% |
| PDSL.BO | PDSL.BO | 0.79% | $2.92 | 38.22% |
| SNI.OL | SNI.OL | 0.79% | $2.52 | 35.09% |
| 002334.SZ | 002334.SZ | 0.78% | $0.07 | 20.17% |
| 004140.KS | 004140.KS | 0.78% | $20.03 | 7.69% |
| 011070.KS | 011070.KS | 0.78% | $2,091.90 | 17.12% |
| 2276.HK | 2276.HK | 0.78% | $0.42 | 22.72% |
| 229640.KS | 229640.KS | 0.78% | $278.88 | 20.95% |
| 300545.SZ | 300545.SZ | 0.78% | $0.24 | 30.89% |
| 300922.SZ | 300922.SZ | 0.78% | $0.18 | 66.08% |
| 301011.SZ | 301011.SZ | 0.78% | $0.20 | 37.38% |
| 3659.T | 3659.T | 0.78% | $29.75 | 21.18% |
| 600360.SS | 600360.SS | 0.78% | $0.06 | 34.13% |
| 605167.SS | 605167.SS | 0.78% | $0.13 | 26.15% |
| 6736.T | 6736.T | 0.78% | $70.05 | 7.32% |
| 688097.SS | 688097.SS | 0.78% | $0.29 | 27.43% |
| 688257.SS | 688257.SS | 0.78% | $0.27 | 31.76% |
| 9766.T | 9766.T | 0.78% | $165.38 | 26.44% |
| BBAR.BA | BBAR.BA | 0.78% | $73.37 | 13.95% |
| CUV.AX | CUV.AX | 0.78% | $0.10 | 6.93% |
| NSIS-B.CO | NSIS-B.CO | 0.78% | $3.08 | 89.95% |
| R3NK.BE | R3NK.BE | 0.78% | $0.42 | 41.42% |
| VIRP.PA | VIRP.PA | 0.78% | $2.77 | 8.47% |
| 002078.SZ | 002078.SZ | 0.77% | $0.12 | 10.77% |
| 002225.SZ | 002225.SZ | 0.77% | $0.04 | 46.81% |
| 030610.KS | 030610.KS | 0.77% | $72.25 | 6.71% |
| 036200.KQ | 036200.KQ | 0.77% | $80.00 | 20.75% |
| 300863.SZ | 300863.SZ | 0.77% | $0.39 | 42.01% |
| 301498.SZ | 301498.SZ | 0.77% | $0.50 | 30.03% |
| 600577.SS | 600577.SS | 0.77% | $0.10 | 34.21% |