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 % |
|---|---|---|---|---|
| 300775.SZ | 300775.SZ | 0.30% | $0.09 | 9.32% |
| 300818.SZ | 300818.SZ | 0.30% | $0.11 | 32.96% |
| 600784.SS | 600784.SS | 0.30% | $0.02 | 6.76% |
| 600962.SS | 600962.SS | 0.30% | $0.07 | 30.06% |
| 603601.SS | 603601.SS | 0.30% | $0.04 | 46.68% |
| 603667.SS | 603667.SS | 0.30% | $0.21 | 83.57% |
| 605218.SS | 605218.SS | 0.30% | $0.06 | 23.94% |
| 688109.SS | 688109.SS | 0.30% | $0.38 | 44.16% |
| 688248.SS | 688248.SS | 0.30% | $0.14 | 20.49% |
| 688611.SS | 688611.SS | 0.30% | $0.15 | 56.17% |
| AOMD.DE | AOMD.DE | 0.30% | $0.08 | 59.02% |
| DOFG.OL | DOFG.OL | 0.30% | $0.29 | 19.15% |
| DRD.JO | DRD.JO | 0.30% | $15.39 | 40.74% |
| HYDROGEN.BK | HYDROGEN.BK | 0.30% | $0.02 | 3.25% |
| SONACOMS.BO | SONACOMS.BO | 0.30% | $1.44 | 14.64% |
| SRT3.DE | SRT3.DE | 0.30% | $0.73 | 29.96% |
| SVM | SVM | 0.30% | $0.03 | 21.82% |
| 002079.SZ | 002079.SZ | 0.29% | $0.03 | 23.72% |
| 002268.SZ | 002268.SZ | 0.29% | $0.06 | 32.01% |
| 002389.SZ | 002389.SZ | 0.29% | $0.07 | 76.61% |
| 002703.SZ | 002703.SZ | 0.29% | $0.06 | 26.72% |
| 071090.KS | 071090.KS | 0.29% | $10.03 | 54.30% |
| 0A37.L | 0A37.L | 0.29% | $0.43 | 30.16% |
| 300101.SZ | 300101.SZ | 0.29% | $0.08 | 76.66% |
| 300731.SZ | 300731.SZ | 0.29% | $0.17 | 62.10% |
| 300811.SZ | 300811.SZ | 0.29% | $0.20 | 15.44% |
| 300872.SZ | 300872.SZ | 0.29% | $0.06 | 57.03% |
| 300942.SZ | 300942.SZ | 0.29% | $0.03 | 35.42% |
| 300963.SZ | 300963.SZ | 0.29% | $0.06 | 35.64% |
| 300991.SZ | 300991.SZ | 0.29% | $0.12 | 69.32% |
| 600250.SS | 600250.SS | 0.29% | $0.03 | 41.28% |
| 600851.SS | 600851.SS | 0.29% | $0.02 | 15.14% |
| 603086.SS | 603086.SS | 0.29% | $0.02 | 6.33% |
| 603501.SS | 603501.SS | 0.29% | $0.36 | 10.31% |
| CFN.LS | CFN.LS | 0.29% | $0.03 | 27.20% |
| INDES.IS | INDES.IS | 0.29% | $0.02 | 2.69% |
| VGSB.ME | VGSB.ME | 0.29% | $0.04 | 0.80% |
| VIDLI.BO | VIDLI.BO | 0.29% | $0.21 | 48.58% |
| 000957.SZ | 000957.SZ | 0.28% | $0.03 | 5.64% |
| 002709.SZ | 002709.SZ | 0.28% | $0.13 | 44.28% |
| 002716.SZ | 002716.SZ | 0.28% | $0.02 | 26.82% |
| 101490.KQ | 101490.KQ | 0.28% | $146.12 | 8.45% |
| 300613.SZ | 300613.SZ | 0.28% | $0.13 | 19.15% |
| 300681.SZ | 300681.SZ | 0.28% | $0.07 | 12.42% |
| 301008.SZ | 301008.SZ | 0.28% | $0.10 | 37.02% |
| 600392.SS | 600392.SS | 0.28% | $0.06 | 11.91% |
| 600422.SS | 600422.SS | 0.28% | $0.03 | 4.93% |
| 600550.SS | 600550.SS | 0.28% | $0.03 | 34.90% |
| 601069.SS | 601069.SS | 0.28% | $0.08 | 21.77% |
| 603039.SS | 603039.SS | 0.28% | $0.15 | 17.86% |