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 | $263.70 | |
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 | 0.39% | 0.37% | 0.36% | 0.34% | 0.33% | 0.30% | 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 % |
|---|---|---|---|---|
| MORG.OL | MORG.OL | 8.24% | $9.79 | 48.31% |
| TCL-A.TO | TCL-A.TO | 8.23% | $1.90 | 90.45% |
| 1524.TW | 1524.TW | 8.22% | $2.29 | 90.15% |
| 025000.KS | 025000.KS | 8.20% | $3,780.40 | 27.09% |
| 3249.T | 3249.T | 8.19% | $12,629.62 | 94.12% |
| MERC3.SA | MERC3.SA | 8.19% | $1.25 | 23.03% |
| VOW.DE | VOW.DE | 8.19% | $8.80 | 61.96% |
| ACES.JK | ACES.JK | 8.17% | $33.50 | 70.02% |
| ADH.AX | ADH.AX | 8.14% | $0.15 | 48.18% |
| 0DZJ.L | 0DZJ.L | 8.13% | $4.75 | 37.37% |
| WAR.AX | WAR.AX | 8.12% | $0.09 | 49.55% |
| PCSGH.BK | PCSGH.BK | 8.10% | $0.25 | 61.11% |
| C52.SI | C52.SI | 8.08% | $0.12 | 61.96% |
| 6601.HK | 6601.HK | 8.07% | $0.18 | 58.02% |
| ABA.AX | ABA.AX | 8.07% | $0.41 | 53.00% |
| FILA.MI | FILA.MI | 8.06% | $0.78 | 60.66% |
| AIQ.AX | AIQ.AX | 8.04% | $0.12 | 50.93% |
| LIGHT.AS | LIGHT.AS | 8.04% | $1.74 | 69.87% |
| NER.BK | NER.BK | 8.04% | $0.36 | 35.33% |
| 1361.HK | 1361.HK | 8.03% | $0.43 | 39.44% |
| STO.AX | STO.AX | 8.03% | $0.49 | 70.12% |
| UTP.BK | UTP.BK | 8.00% | $0.60 | 73.40% |
| 0P2J.L | 0P2J.L | 7.99% | $4.30 | 73.74% |
| 0QQE.L | 0QQE.L | 7.99% | $4.59 | 77.54% |
| RPL.AX | RPL.AX | 7.99% | $0.26 | 96.18% |
| 1983.HK | 1983.HK | 7.96% | $0.17 | 23.39% |
| 2166.HK | 2166.HK | 7.96% | $0.17 | 38.03% |
| 3014.TW | 3014.TW | 7.96% | $9.11 | 95.86% |
| BSD.PA | BSD.PA | 7.96% | $0.36 | 51.14% |
| OIZ.IR | OIZ.IR | 7.96% | $0.33 | 39.03% |
| FVI.MI | FVI.MI | 7.95% | $1.29 | 58.52% |
| MSTI.JK | MSTI.JK | 7.95% | $118.00 | 70.08% |
| 0012.HK | 0012.HK | 7.94% | $2.30 | 89.03% |
| 057050.KS | 057050.KS | 7.93% | $4,290.73 | 58.03% |
| IB.MI | IB.MI | 7.93% | $0.93 | 91.62% |
| SSSC.BK | SSSC.BK | 7.93% | $0.17 | 48.86% |
| 0868.HK | 0868.HK | 7.92% | $0.67 | 37.03% |
| 0E1L.L | 0E1L.L | 7.90% | $0.15 | 36.88% |
| BBAS3.SA | BBAS3.SA | 7.90% | $1.71 | 76.22% |
| 002060.SZ | 002060.SZ | 7.89% | $0.28 | 98.50% |
| FSA.AX | FSA.AX | 7.89% | $0.10 | 9.37% |
| 0F2S.L | 0F2S.L | 7.87% | $3.60 | 32.69% |
| 0R7T.L | 0R7T.L | 7.87% | $0.84 | 35.61% |
| 0D1X.L | 0D1X.L | 7.86% | $2.10 | 32.57% |
| 5199.KL | 5199.KL | 7.86% | $0.12 | 74.47% |
| ULKER.IS | ULKER.IS | 7.85% | $8.79 | 45.09% |
| 9581.SR | 9581.SR | 7.84% | $8.00 | 56.24% |
| 3463.T | 3463.T | 7.83% | $9,957.47 | 51.91% |
| LHSC.BK | LHSC.BK | 7.83% | $1.00 | 59.09% |
| EPMT.JK | EPMT.JK | 7.82% | $179.10 | 64.00% |