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 % |
|---|---|---|---|---|
| 001770.KS | 001770.KS | 0.56% | $100.05 | 2.60% |
| 002046.SZ | 002046.SZ | 0.56% | $0.24 | 45.96% |
| 002826.SZ | 002826.SZ | 0.56% | $0.10 | 22.59% |
| 166090.KQ | 166090.KQ | 0.56% | $252.30 | 14.63% |
| 300320.SZ | 300320.SZ | 0.56% | $0.05 | 14.89% |
| 300680.SZ | 300680.SZ | 0.56% | $0.31 | 24.96% |
| 300758.SZ | 300758.SZ | 0.56% | $0.07 | 36.47% |
| 300980.SZ | 300980.SZ | 0.56% | $0.18 | 54.54% |
| 301539.SZ | 301539.SZ | 0.56% | $0.12 | 28.52% |
| 3852.T | 3852.T | 0.56% | $10.69 | 10.27% |
| 4062.T | 4062.T | 0.56% | $37.70 | 14.87% |
| 4546.TWO | 4546.TWO | 0.56% | $0.80 | 10.69% |
| 600917.SS | 600917.SS | 0.56% | $0.03 | 18.46% |
| 600961.SS | 600961.SS | 0.56% | $0.09 | 9.08% |
| 603236.SS | 603236.SS | 0.56% | $0.54 | 14.56% |
| 603596.SS | 603596.SS | 0.56% | $0.29 | 13.37% |
| 9992.HK | 9992.HK | 0.56% | $1.08 | 17.41% |
| B5A.DE | B5A.DE | 0.56% | $0.03 | 5.00% |
| SKS.AX | SKS.AX | 0.56% | $0.02 | 12.05% |
| 002057.SZ | 002057.SZ | 0.55% | $0.06 | 17.87% |
| 002217.SZ | 002217.SZ | 0.55% | $0.02 | 3.01% |
| 002664.SZ | 002664.SZ | 0.55% | $0.13 | 97.52% |
| 002755.SZ | 002755.SZ | 0.55% | $0.09 | 32.69% |
| 008930.KS | 008930.KS | 0.55% | $200.11 | 18.02% |
| 079550.KS | 079550.KS | 0.55% | $2,399.71 | 17.16% |
| 2749.T | 2749.T | 0.55% | $3.96 | 8.95% |
| 300066.SZ | 300066.SZ | 0.55% | $0.03 | 26.23% |
| 300432.SZ | 300432.SZ | 0.55% | $0.09 | 38.06% |
| 300666.SZ | 300666.SZ | 0.55% | $0.51 | 26.17% |
| 300893.SZ | 300893.SZ | 0.55% | $0.13 | 17.35% |
| 300990.SZ | 300990.SZ | 0.55% | $0.50 | 32.09% |
| 301009.SZ | 301009.SZ | 0.55% | $0.07 | 50.41% |
| 301207.SZ | 301207.SZ | 0.55% | $0.10 | 86.31% |
| 307950.KS | 307950.KS | 0.55% | $1,814.16 | 27.64% |
| 600080.SS | 600080.SS | 0.55% | $0.04 | 18.56% |
| 600278.SS | 600278.SS | 0.55% | $0.04 | 17.25% |
| 600674.SS | 600674.SS | 0.55% | $0.08 | 8.70% |
| 603860.SS | 603860.SS | 0.55% | $0.17 | 25.44% |
| 7730.T | 7730.T | 0.55% | $7.99 | 14.66% |
| BHARTIHEXA.NS | BHARTIHEXA.NS | 0.55% | $10.00 | 32.42% |
| PERSISTENT.BO | PERSISTENT.BO | 0.55% | $34.75 | 32.63% |
| PTPW.JK | PTPW.JK | 0.55% | $5.69 | 11.20% |
| 000037.SZ | 000037.SZ | 0.54% | $0.04 | 56.70% |
| 002278.SZ | 002278.SZ | 0.54% | $0.07 | 51.99% |
| 002562.SZ | 002562.SZ | 0.54% | $0.03 | 36.01% |
| 002655.SZ | 002655.SZ | 0.54% | $0.07 | 29.95% |
| 002916.SZ | 002916.SZ | 0.54% | $1.24 | 30.55% |
| 0669.HK | 0669.HK | 0.54% | $0.50 | 41.01% |
| 0RSL.L | 0RSL.L | 0.54% | $1.41 | 26.60% |
| 1910.HK | 1910.HK | 0.54% | $0.11 | 50.08% |