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 % |
|---|---|---|---|---|
| 002026.SZ | 002026.SZ | 0.51% | $0.08 | 10.33% |
| 005290.KQ | 005290.KQ | 0.51% | $201.31 | 8.88% |
| 042670.KS | 042670.KS | 0.51% | $69.80 | 29.90% |
| 043150.KQ | 043150.KQ | 0.51% | $100.02 | 3.01% |
| 098460.KQ | 098460.KQ | 0.51% | $138.21 | 52.02% |
| 300115.SZ | 300115.SZ | 0.51% | $0.24 | 50.31% |
| 300473.SZ | 300473.SZ | 0.51% | $0.15 | 26.00% |
| 300650.SZ | 300650.SZ | 0.51% | $0.08 | 33.85% |
| 300722.SZ | 300722.SZ | 0.51% | $0.18 | 80.85% |
| 300930.SZ | 300930.SZ | 0.51% | $0.15 | 26.67% |
| 301000.SZ | 301000.SZ | 0.51% | $0.20 | 33.61% |
| 301012.SZ | 301012.SZ | 0.51% | $0.14 | 51.85% |
| 3387.T | 3387.T | 0.51% | $3.99 | 30.05% |
| 4050.SR | 4050.SR | 0.51% | $0.29 | 38.33% |
| 600506.SS | 600506.SS | 0.51% | $0.13 | 47.25% |
| 601696.SS | 601696.SS | 0.51% | $0.08 | 19.18% |
| 603063.SS | 603063.SS | 0.51% | $0.17 | 14.73% |
| 603160.SS | 603160.SS | 0.51% | $0.41 | 22.46% |
| 603300.SS | 603300.SS | 0.51% | $0.04 | 12.23% |
| 603738.SS | 603738.SS | 0.51% | $0.08 | 80.55% |
| 688088.SS | 688088.SS | 0.51% | $0.25 | 43.82% |
| CENCOSUD.SN | CENCOSUD.SN | 0.51% | $15.06 | 11.46% |
| KIN2.DE | KIN2.DE | 0.51% | $0.12 | 8.34% |
| MSZ.WA | MSZ.WA | 0.51% | $0.03 | 5.90% |
| VCAP.L | VCAP.L | 0.51% | $0.05 | 73.28% |
| 000534.SZ | 000534.SZ | 0.50% | $0.11 | 25.25% |
| 000977.SZ | 000977.SZ | 0.50% | $0.33 | 19.71% |
| 002400.SZ | 002400.SZ | 0.50% | $0.04 | 73.00% |
| 002806.SZ | 002806.SZ | 0.50% | $0.06 | 19.01% |
| 003043.SZ | 003043.SZ | 0.50% | $0.23 | 48.11% |
| 042700.KS | 042700.KS | 0.50% | $717.10 | 28.27% |
| 0GOX.L | 0GOX.L | 0.50% | $0.02 | 14.11% |
| 0YAY.L | 0YAY.L | 0.50% | $1.10 | 33.79% |
| 1730.HK | 1730.HK | 0.50% | $0.02 | 19.85% |
| 2316.TW | 2316.TW | 0.50% | $0.50 | 6.30% |
| 300443.SZ | 300443.SZ | 0.50% | $0.14 | 13.60% |
| 600834.SS | 600834.SS | 0.50% | $0.04 | 56.35% |
| 603928.SS | 603928.SS | 0.50% | $0.08 | 26.88% |
| 605376.SS | 605376.SS | 0.50% | $0.32 | 55.13% |
| 6641.T | 6641.T | 0.50% | $8.49 | 7.92% |
| 688169.SS | 688169.SS | 0.50% | $0.76 | 12.76% |
| 688798.SS | 688798.SS | 0.50% | $0.38 | 24.95% |
| AMAN.JK | AMAN.JK | 0.50% | $1.00 | 5.46% |
| ELOS-B.ST | ELOS-B.ST | 0.50% | $1.01 | 14.74% |
| EXPL.PA | EXPL.PA | 0.50% | $1.04 | 4.79% |
| RHM.DE | RHM.DE | 0.50% | $7.97 | 44.89% |
| TFPM | TFPM | 0.50% | $0.16 | 16.49% |
| 000722.SZ | 000722.SZ | 0.49% | $0.06 | 37.76% |
| 002126.SZ | 002126.SZ | 0.49% | $0.19 | 18.19% |
| 002228.SZ | 002228.SZ | 0.49% | $0.02 | 24.24% |