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 % |
|---|---|---|---|---|
| 002515.SZ | 002515.SZ | 0.49% | $0.03 | 66.70% |
| 094480.KQ | 094480.KQ | 0.49% | $45.05 | 38.73% |
| 0JG5.L | 0JG5.L | 0.49% | $0.14 | 52.63% |
| 0REZ.L | 0REZ.L | 0.49% | $0.75 | 23.10% |
| 102710.KQ | 102710.KQ | 0.49% | $243.13 | 7.08% |
| 300171.SZ | 300171.SZ | 0.49% | $0.08 | 33.65% |
| 300351.SZ | 300351.SZ | 0.49% | $0.09 | 35.92% |
| 600528.SS | 600528.SS | 0.49% | $0.04 | 6.13% |
| 600592.SS | 600592.SS | 0.49% | $0.13 | 69.32% |
| 603179.SS | 603179.SS | 0.49% | $0.36 | 19.37% |
| 688377.SS | 688377.SS | 0.49% | $0.18 | 30.90% |
| 688617.SS | 688617.SS | 0.49% | $1.20 | 22.16% |
| 688728.SS | 688728.SS | 0.49% | $0.07 | 81.53% |
| 8818.T | 8818.T | 0.49% | $9.53 | 9.42% |
| ALSTI.PA | ALSTI.PA | 0.49% | $0.26 | 5.48% |
| BRGE5.SA | BRGE5.SA | 0.49% | $0.07 | 14.26% |
| DNORD.CO | DNORD.CO | 0.49% | $1.23 | 25.43% |
| MAKRO.BK | MAKRO.BK | 0.49% | $0.18 | 24.56% |
| OR | OR | 0.49% | $0.17 | 22.03% |
| SEALMATIC.BO | SEALMATIC.BO | 0.49% | $1.83 | 7.91% |
| TUB.BR | TUB.BR | 0.49% | $1.04 | 25.35% |
| ZFSTEERING.BO | ZFSTEERING.BO | 0.49% | $3.95 | 33.81% |
| 000931.SZ | 000931.SZ | 0.48% | $0.02 | 34.16% |
| 002051.SZ | 002051.SZ | 0.48% | $0.04 | 18.75% |
| 002245.SZ | 002245.SZ | 0.48% | $0.09 | 13.88% |
| 002510.SZ | 002510.SZ | 0.48% | $0.04 | 62.40% |
| 002518.SZ | 002518.SZ | 0.48% | $0.23 | 27.91% |
| 002625.SZ | 002625.SZ | 0.48% | $0.23 | 69.49% |
| 300718.SZ | 300718.SZ | 0.48% | $0.41 | 49.19% |
| 3162.TWO | 3162.TWO | 0.48% | $0.30 | 12.28% |
| 5452.TWO | 5452.TWO | 0.48% | $0.15 | 50.09% |
| 600580.SS | 600580.SS | 0.48% | $0.24 | 37.73% |
| 603217.SS | 603217.SS | 0.48% | $0.12 | 12.42% |
| 603701.SS | 603701.SS | 0.48% | $0.10 | 60.08% |
| 688259.SS | 688259.SS | 0.48% | $0.20 | 27.03% |
| 688501.SS | 688501.SS | 0.48% | $0.13 | 8.66% |
| 688621.SS | 688621.SS | 0.48% | $0.30 | 24.53% |
| 688800.SS | 688800.SS | 0.48% | $0.40 | 27.01% |
| SOLA.JK | SOLA.JK | 0.48% | $0.60 | 9.38% |
| 001339.SZ | 001339.SZ | 0.47% | $0.24 | 33.98% |
| 003002.SZ | 003002.SZ | 0.47% | $0.15 | 16.74% |
| 067310.KQ | 067310.KQ | 0.47% | $124.25 | 34.47% |
| 300059.SZ | 300059.SZ | 0.47% | $0.11 | 13.64% |
| 300334.SZ | 300334.SZ | 0.47% | $0.03 | 40.56% |
| 300458.SZ | 300458.SZ | 0.47% | $0.20 | 55.67% |
| 300801.SZ | 300801.SZ | 0.47% | $0.13 | 22.29% |
| 3888.HK | 3888.HK | 0.47% | $0.14 | 11.27% |
| 600508.SS | 600508.SS | 0.47% | $0.06 | 11.54% |
| 600927.SS | 600927.SS | 0.47% | $0.08 | 17.34% |
| 600967.SS | 600967.SS | 0.47% | $0.08 | 25.49% |