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 % |
|---|---|---|---|---|
| 6850.T | 6850.T | 0.71% | $9.96 | 9.27% |
| 688059.SS | 688059.SS | 0.71% | $0.56 | 29.25% |
| 688508.SS | 688508.SS | 0.71% | $0.43 | 26.46% |
| 9638.HK | 9638.HK | 0.71% | $0.20 | 38.33% |
| CRAB.JK | CRAB.JK | 0.71% | $2.00 | 13.13% |
| NBR | NBR | 0.71% | $0.40 | 2.93% |
| 000429.SZ | 000429.SZ | 0.70% | $0.08 | 9.82% |
| 001288.SZ | 001288.SZ | 0.70% | $0.22 | 29.11% |
| 002131.SZ | 002131.SZ | 0.70% | $0.04 | 52.22% |
| 002676.SZ | 002676.SZ | 0.70% | $0.06 | 59.42% |
| 012510.KS | 012510.KS | 0.70% | $627.83 | 25.46% |
| 0306.HK | 0306.HK | 0.70% | $0.02 | 5.99% |
| 0596.HK | 0596.HK | 0.70% | $0.05 | 7.15% |
| 0A28.L | 0A28.L | 0.70% | $0.20 | 2.47% |
| 2308.TW | 2308.TW | 0.70% | $6.99 | 36.39% |
| 248170.KS | 248170.KS | 0.70% | $199.90 | 6.93% |
| 300570.SZ | 300570.SZ | 0.70% | $0.81 | 48.35% |
| 301121.SZ | 301121.SZ | 0.70% | $0.28 | 71.34% |
| 600436.SS | 600436.SS | 0.70% | $1.19 | 29.62% |
| 601179.SS | 601179.SS | 0.70% | $0.06 | 26.97% |
| 603610.SS | 603610.SS | 0.70% | $0.13 | 30.85% |
| 603861.SS | 603861.SS | 0.70% | $0.09 | 20.16% |
| 603931.SS | 603931.SS | 0.70% | $0.22 | 34.41% |
| EBG.AX | EBG.AX | 0.70% | $0.01 | 11.04% |
| FIBRAPL14.MX | FIBRAPL14.MX | 0.70% | $0.53 | 10.31% |
| GENT.OL | GENT.OL | 0.70% | $0.40 | 14.62% |
| GNP.AX | GNP.AX | 0.70% | $0.04 | 14.64% |
| 000752.SZ | 000752.SZ | 0.69% | $0.08 | 13.60% |
| 002370.SZ | 002370.SZ | 0.69% | $0.05 | 27.70% |
| 002720.KS | 002720.KS | 0.69% | $30.07 | 9.58% |
| 035900.KQ | 035900.KQ | 0.69% | $534.00 | 10.38% |
| 0YQA.L | 0YQA.L | 0.69% | $0.17 | 28.52% |
| 163730.KQ | 163730.KQ | 0.69% | $70.85 | 22.74% |
| 1698.HK | 1698.HK | 0.69% | $0.48 | 13.95% |
| 300274.SZ | 300274.SZ | 0.69% | $1.18 | 15.76% |
| 300285.SZ | 300285.SZ | 0.69% | $0.19 | 30.63% |
| 300314.SZ | 300314.SZ | 0.69% | $0.09 | 37.64% |
| 300373.SZ | 300373.SZ | 0.69% | $0.47 | 19.50% |
| 300434.SZ | 300434.SZ | 0.69% | $0.07 | 22.00% |
| 300800.SZ | 300800.SZ | 0.69% | $0.08 | 45.90% |
| 5E2.SI | 5E2.SI | 0.69% | $0.01 | 19.15% |
| 600206.SS | 600206.SS | 0.69% | $0.14 | 42.92% |
| 600760.SS | 600760.SS | 0.69% | $0.39 | 37.55% |
| 601838.SS | 601838.SS | 0.69% | $0.11 | 3.53% |
| 603038.SS | 603038.SS | 0.69% | $0.11 | 85.83% |
| 603790.SS | 603790.SS | 0.69% | $0.13 | 45.04% |
| 605488.SS | 605488.SS | 0.69% | $0.24 | 49.43% |
| EYAPS.AT | EYAPS.AT | 0.69% | $0.03 | 9.65% |
| SKBNK.IS | SKBNK.IS | 0.69% | $0.05 | 4.55% |
| VBNK | VBNK | 0.69% | $0.10 | 11.57% |