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 % |
|---|---|---|---|---|
| 000657.SZ | 000657.SZ | 0.68% | $0.19 | 27.39% |
| 009150.KS | 009150.KS | 0.68% | $1,822.88 | 19.91% |
| 300248.SZ | 300248.SZ | 0.68% | $0.09 | 42.34% |
| 300304.SZ | 300304.SZ | 0.68% | $0.08 | 16.20% |
| 300727.SZ | 300727.SZ | 0.68% | $0.24 | 35.64% |
| 300829.SZ | 300829.SZ | 0.68% | $0.11 | 37.09% |
| 3037.TW | 3037.TW | 0.68% | $1.50 | 71.82% |
| 600965.SS | 600965.SS | 0.68% | $0.04 | 43.15% |
| 603535.SS | 603535.SS | 0.68% | $0.07 | 19.97% |
| 603819.SS | 603819.SS | 0.68% | $0.08 | 67.83% |
| 6174.TWO | 6174.TWO | 0.68% | $0.14 | 19.31% |
| 688685.SS | 688685.SS | 0.68% | $0.38 | 83.55% |
| 7741.T | 7741.T | 0.68% | $160.79 | 26.30% |
| AJA-B.ST | AJA-B.ST | 0.68% | $0.43 | 54.16% |
| EWG2.SG | EWG2.SG | 0.68% | $0.83 | 76.69% |
| MRB.WA | MRB.WA | 0.68% | $0.10 | 10.28% |
| WGN.AX | WGN.AX | 0.68% | $0.02 | 14.21% |
| 000045.SZ | 000045.SZ | 0.67% | $0.08 | 59.47% |
| 000524.SZ | 000524.SZ | 0.67% | $0.08 | 66.62% |
| 002886.SZ | 002886.SZ | 0.67% | $0.15 | 91.87% |
| 002912.SZ | 002912.SZ | 0.67% | $0.20 | 35.64% |
| 006660.KS | 006660.KS | 0.67% | $96.59 | 6.25% |
| 036570.KS | 036570.KS | 0.67% | $1,460.11 | 8.29% |
| 060250.KQ | 060250.KQ | 0.67% | $102.41 | 8.42% |
| 1913.HK | 1913.HK | 0.67% | $0.30 | 47.97% |
| 2343.HK | 2343.HK | 0.67% | $0.02 | 48.96% |
| 300789.SZ | 300789.SZ | 0.67% | $0.15 | 38.39% |
| 300920.SZ | 300920.SZ | 0.67% | $0.31 | 88.17% |
| 600150.SS | 600150.SS | 0.67% | $0.22 | 20.83% |
| 603183.SS | 603183.SS | 0.67% | $0.03 | 35.25% |
| 603308.SS | 603308.SS | 0.67% | $0.28 | 53.99% |
| 603686.SS | 603686.SS | 0.67% | $0.20 | 57.71% |
| 6525.T | 6525.T | 0.67% | $36.64 | 25.58% |
| 9247.T | 9247.T | 0.67% | $10.72 | 3.17% |
| GCARSOA1.MX | GCARSOA1.MX | 0.67% | $0.78 | 15.21% |
| GIB | GIB | 0.67% | $0.61 | 8.14% |
| HPS-A.TO | HPS-A.TO | 0.67% | $1.10 | 16.45% |
| ZYRX.JK | ZYRX.JK | 0.67% | $1.12 | 9.50% |
| 095340.KQ | 095340.KQ | 0.66% | $793.07 | 35.89% |
| 128940.KS | 128940.KS | 0.66% | $2,913.60 | 31.17% |
| 600738.SS | 600738.SS | 0.66% | $0.03 | 31.33% |
| 600988.SS | 600988.SS | 0.66% | $0.21 | 14.26% |
| 603331.SS | 603331.SS | 0.66% | $0.09 | 26.78% |
| 603992.SS | 603992.SS | 0.66% | $0.27 | 40.24% |
| 6702.T | 6702.T | 0.66% | $28.40 | 11.32% |
| AGII.JK | AGII.JK | 0.66% | $10.45 | 37.88% |
| ASME.DE | ASME.DE | 0.66% | $6.52 | 26.72% |
| FNV | FNV | 0.66% | $1.38 | 28.98% |
| FQT.DE | FQT.DE | 0.66% | $0.51 | 18.23% |
| GOEL.BO | GOEL.BO | 0.66% | $0.10 | 1.87% |