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 % |
|---|---|---|---|---|
| 300201.SZ | 300201.SZ | 0.54% | $0.04 | 13.64% |
| 300254.SZ | 300254.SZ | 0.54% | $0.06 | 66.26% |
| 300618.SZ | 300618.SZ | 0.54% | $0.24 | 27.60% |
| 300777.SZ | 300777.SZ | 0.54% | $0.22 | 23.25% |
| 300835.SZ | 300835.SZ | 0.54% | $0.35 | 27.98% |
| 300965.SZ | 300965.SZ | 0.54% | $0.38 | 68.61% |
| 301596.SZ | 301596.SZ | 0.54% | $0.43 | 30.79% |
| 5432.TWO | 5432.TWO | 0.54% | $1.00 | 70.10% |
| 5TP.SI | 5TP.SI | 0.54% | $0.01 | 12.36% |
| 600166.SS | 600166.SS | 0.54% | $0.02 | 16.31% |
| 600171.SS | 600171.SS | 0.54% | $0.17 | 33.39% |
| 600459.SS | 600459.SS | 0.54% | $0.10 | 12.03% |
| 600741.SS | 600741.SS | 0.54% | $0.11 | 4.97% |
| 600819.SS | 600819.SS | 0.54% | $0.04 | 28.59% |
| 600906.SS | 600906.SS | 0.54% | $0.04 | 11.87% |
| 603949.SS | 603949.SS | 0.54% | $0.10 | 27.46% |
| HMM-A.TO | HMM-A.TO | 0.54% | $0.06 | 3.93% |
| WPM | WPM | 0.54% | $0.64 | 29.16% |
| 000525.SZ | 000525.SZ | 0.53% | $0.03 | 41.59% |
| 002481.SZ | 002481.SZ | 0.53% | $0.03 | 50.34% |
| 002590.SZ | 002590.SZ | 0.53% | $0.08 | 19.59% |
| 0069.HK | 0069.HK | 0.53% | $0.03 | 33.68% |
| 010620.KS | 010620.KS | 0.53% | $1,189.77 | 14.34% |
| 1299.HK | 1299.HK | 0.53% | $0.44 | 43.34% |
| 300580.SZ | 300580.SZ | 0.53% | $0.14 | 23.35% |
| 301163.SZ | 301163.SZ | 0.53% | $0.14 | 32.32% |
| 4916.TW | 4916.TW | 0.53% | $0.31 | 21.99% |
| 600759.SS | 600759.SS | 0.53% | $0.02 | 15.23% |
| 6701.T | 6701.T | 0.53% | $28.03 | 15.93% |
| 688127.SS | 688127.SS | 0.53% | $0.20 | 26.44% |
| 688608.SS | 688608.SS | 0.53% | $1.19 | 30.21% |
| 002333.SZ | 002333.SZ | 0.52% | $0.03 | 39.44% |
| 120030.KS | 120030.KS | 0.52% | $506.37 | 3.69% |
| 1250.HK | 1250.HK | 0.52% | $0.01 | 3.33% |
| 267270.KS | 267270.KS | 0.52% | $507.92 | 9.77% |
| 294570.KQ | 294570.KQ | 0.52% | $150.37 | 5.17% |
| 300145.SZ | 300145.SZ | 0.52% | $0.02 | 18.75% |
| 300236.SZ | 300236.SZ | 0.52% | $0.33 | 39.76% |
| 301165.SZ | 301165.SZ | 0.52% | $0.46 | 43.33% |
| 3CP.F | 3CP.F | 0.52% | $0.02 | 4.20% |
| 5398.KL | 5398.KL | 0.52% | $0.03 | 15.33% |
| 600521.SS | 600521.SS | 0.52% | $0.09 | 28.05% |
| 601880.SS | 601880.SS | 0.52% | $0.01 | 13.15% |
| 605300.SS | 605300.SS | 0.52% | $0.06 | 98.92% |
| 8095.HK | 8095.HK | 0.52% | $0.01 | 12.52% |
| WTC.AX | WTC.AX | 0.52% | $0.36 | 20.57% |
| 000631.SZ | 000631.SZ | 0.51% | $0.02 | 38.02% |
| 000768.SZ | 000768.SZ | 0.51% | $0.13 | 33.44% |
| 000936.SZ | 000936.SZ | 0.51% | $0.04 | 11.81% |
| 002023.SZ | 002023.SZ | 0.51% | $0.07 | 40.25% |