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 % |
|---|---|---|---|---|
| 002239.SZ | 002239.SZ | 0.34% | $0.01 | 26.73% |
| 002368.SZ | 002368.SZ | 0.34% | $0.08 | 23.55% |
| 002617.SZ | 002617.SZ | 0.34% | $0.03 | 19.56% |
| 300300.SZ | 300300.SZ | 0.34% | $0.05 | 84.72% |
| 300398.SZ | 300398.SZ | 0.34% | $0.08 | 13.11% |
| 300421.SZ | 300421.SZ | 0.34% | $0.13 | 66.39% |
| 300740.SZ | 300740.SZ | 0.34% | $0.08 | 20.71% |
| 300826.SZ | 300826.SZ | 0.34% | $0.06 | 60.89% |
| 300907.SZ | 300907.SZ | 0.34% | $0.10 | 14.62% |
| 300968.SZ | 300968.SZ | 0.34% | $0.05 | 82.10% |
| 301200.SZ | 301200.SZ | 0.34% | $0.40 | 29.43% |
| 3330.HK | 3330.HK | 0.34% | $0.06 | 5.25% |
| 601595.SS | 601595.SS | 0.34% | $0.10 | 35.64% |
| 603048.SS | 603048.SS | 0.34% | $0.07 | 17.14% |
| 603267.SS | 603267.SS | 0.34% | $0.19 | 17.23% |
| 6409.T | 6409.T | 0.34% | $9.33 | 4.88% |
| 6510.TWO | 6510.TWO | 0.34% | $7.79 | 24.72% |
| 688239.SS | 688239.SS | 0.34% | $0.23 | 25.46% |
| 688456.SS | 688456.SS | 0.34% | $0.27 | 38.99% |
| ALII.JK | ALII.JK | 0.34% | $4.50 | 22.56% |
| ALKEY.PA | ALKEY.PA | 0.34% | $0.03 | 15.83% |
| IMJS.JK | IMJS.JK | 0.34% | $0.96 | 3.70% |
| NOBA.ST | NOBA.ST | 0.34% | $0.41 | 6.70% |
| NTEA.L | NTEA.L | 0.34% | $0.45 | 16.65% |
| QGO.BO | QGO.BO | 0.34% | $0.15 | 3.42% |
| 000988.SZ | 000988.SZ | 0.33% | $0.26 | 16.32% |
| 002337.SZ | 002337.SZ | 0.33% | $0.02 | 29.47% |
| 002420.SZ | 002420.SZ | 0.33% | $0.03 | 16.88% |
| 003720.KS | 003720.KS | 0.33% | $19.90 | 9.33% |
| 218410.KQ | 218410.KQ | 0.33% | $116.63 | 18.67% |
| 2378.HK | 2378.HK | 0.33% | $0.40 | 25.46% |
| 300279.SZ | 300279.SZ | 0.33% | $0.02 | 17.85% |
| 600081.SS | 600081.SS | 0.33% | $0.04 | 41.77% |
| 603019.SS | 603019.SS | 0.33% | $0.28 | 19.53% |
| 603273.SS | 603273.SS | 0.33% | $0.07 | 46.59% |
| 603489.SS | 603489.SS | 0.33% | $0.10 | 29.52% |
| 605111.SS | 605111.SS | 0.33% | $0.12 | 11.20% |
| 688008.SS | 688008.SS | 0.33% | $0.38 | 21.45% |
| 688392.SS | 688392.SS | 0.33% | $0.37 | 26.04% |
| AUNA | AUNA | 0.33% | $0.02 | 0.63% |
| CFF.BO | CFF.BO | 0.33% | $1.93 | 7.79% |
| DPM.AX | DPM.AX | 0.33% | $0.16 | 9.14% |
| FER.MC | FER.MC | 0.33% | $0.18 | 5.57% |
| STEF-B.ST | STEF-B.ST | 0.33% | $0.64 | 7.27% |
| 002119.SZ | 002119.SZ | 0.32% | $0.05 | 19.54% |
| 002402.SZ | 002402.SZ | 0.32% | $0.12 | 18.51% |
| 002537.SZ | 002537.SZ | 0.32% | $0.03 | 15.56% |
| 0FGL.L | 0FGL.L | 0.32% | $0.23 | 11.69% |
| 300073.SZ | 300073.SZ | 0.32% | $0.19 | 20.02% |
| 300243.SZ | 300243.SZ | 0.32% | $0.03 | 85.81% |