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 % |
|---|---|---|---|---|
| 601717.SS | 601717.SS | 0.47% | $0.12 | 4.37% |
| 603999.SS | 603999.SS | 0.47% | $0.03 | 27.06% |
| 605196.SS | 605196.SS | 0.47% | $0.16 | 27.88% |
| 6831.TWO | 6831.TWO | 0.47% | $1.12 | 34.18% |
| 7715.T | 7715.T | 0.47% | $11.38 | 4.07% |
| ORIENTCQ.BO | ORIENTCQ.BO | 0.47% | $3.59 | 9.54% |
| SABE.PA | SABE.PA | 0.47% | $0.10 | 10.99% |
| SAND | SAND | 0.47% | $0.06 | 49.36% |
| 000967.SZ | 000967.SZ | 0.46% | $0.03 | 28.13% |
| 002517.SZ | 002517.SZ | 0.46% | $0.10 | 11.06% |
| 002687.SZ | 002687.SZ | 0.46% | $0.02 | 18.23% |
| 012450.KS | 012450.KS | 0.46% | $4,318.97 | 8.54% |
| 017960.KS | 017960.KS | 0.46% | $127.05 | 9.66% |
| 0580.HK | 0580.HK | 0.46% | $0.01 | 6.21% |
| 300615.SZ | 300615.SZ | 0.46% | $0.06 | 84.60% |
| 3017.TW | 3017.TW | 0.46% | $6.73 | 22.60% |
| 5939.T | 5939.T | 0.46% | $29.84 | 8.22% |
| 600883.SS | 600883.SS | 0.46% | $0.04 | 24.13% |
| 603078.SS | 603078.SS | 0.46% | $0.08 | 35.00% |
| 603881.SS | 603881.SS | 0.46% | $0.14 | 68.23% |
| 605086.SS | 605086.SS | 0.46% | $0.21 | 33.54% |
| 688318.SS | 688318.SS | 0.46% | $0.60 | 32.56% |
| 7581.T | 7581.T | 0.46% | $25.16 | 11.12% |
| CASN3.SA | CASN3.SA | 0.46% | $0.05 | 16.52% |
| 000100.KS | 000100.KS | 0.45% | $506.98 | 55.01% |
| 002580.SZ | 002580.SZ | 0.45% | $0.06 | 12.88% |
| 002595.SZ | 002595.SZ | 0.45% | $0.38 | 12.60% |
| 300239.SZ | 300239.SZ | 0.45% | $0.03 | 22.62% |
| 300442.SZ | 300442.SZ | 0.45% | $0.24 | 8.12% |
| 300850.SZ | 300850.SZ | 0.45% | $0.18 | 9.66% |
| 300877.SZ | 300877.SZ | 0.45% | $0.13 | 16.98% |
| 3013.TW | 3013.TW | 0.45% | $0.59 | 15.42% |
| 600353.SS | 600353.SS | 0.45% | $0.07 | 49.07% |
| 600668.SS | 600668.SS | 0.45% | $0.05 | 3.04% |
| 600673.SS | 600673.SS | 0.45% | $0.10 | 30.44% |
| 600980.SS | 600980.SS | 0.45% | $0.10 | 17.50% |
| 601117.SS | 601117.SS | 0.45% | $0.03 | 3.39% |
| 603678.SS | 603678.SS | 0.45% | $0.16 | 26.27% |
| ADVE.ST | ADVE.ST | 0.45% | $0.09 | 16.90% |
| DSV.CO | DSV.CO | 0.45% | $7.15 | 16.56% |
| MTRS.ST | MTRS.ST | 0.45% | $0.88 | 53.87% |
| ODL.OL | ODL.OL | 0.45% | $0.40 | 90.93% |
| POLYCAB.BO | POLYCAB.BO | 0.45% | $34.93 | 21.40% |
| 002276.SZ | 002276.SZ | 0.44% | $0.07 | 15.00% |
| 035420.KS | 035420.KS | 0.44% | $1,089.50 | 8.47% |
| 074600.KQ | 074600.KQ | 0.44% | $99.81 | 9.58% |
| 214150.KQ | 214150.KQ | 0.44% | $257.00 | 16.59% |
| 300113.SZ | 300113.SZ | 0.44% | $0.09 | 16.69% |
| 300557.SZ | 300557.SZ | 0.44% | $0.16 | 39.53% |
| 300772.SZ | 300772.SZ | 0.44% | $0.08 | 14.53% |