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 % |
|---|---|---|---|---|
| 603106.SS | 603106.SS | 0.28% | $0.03 | 16.66% |
| 603111.SS | 603111.SS | 0.28% | $0.02 | 4.42% |
| 605108.SS | 605108.SS | 0.28% | $0.05 | 30.22% |
| 688630.SS | 688630.SS | 0.28% | $0.37 | 23.88% |
| 688700.SS | 688700.SS | 0.28% | $0.10 | 34.56% |
| 9252.T | 9252.T | 0.28% | $11.09 | 4.66% |
| BGSI | BGSI | 0.28% | $0.44 | 58.23% |
| CIGI | CIGI | 0.28% | $0.41 | 12.97% |
| 001223.SZ | 001223.SZ | 0.27% | $0.13 | 18.10% |
| 002365.SZ | 002365.SZ | 0.27% | $0.04 | 46.52% |
| 101160.KQ | 101160.KQ | 0.27% | $60.01 | 3.31% |
| 300008.SZ | 300008.SZ | 0.27% | $0.02 | 12.60% |
| 300083.SZ | 300083.SZ | 0.27% | $0.02 | 10.50% |
| 300346.SZ | 300346.SZ | 0.27% | $0.12 | 26.27% |
| 300843.SZ | 300843.SZ | 0.27% | $0.14 | 19.25% |
| 300882.SZ | 300882.SZ | 0.27% | $0.05 | 8.19% |
| 600363.SS | 600363.SS | 0.27% | $0.17 | 25.58% |
| 600366.SS | 600366.SS | 0.27% | $0.04 | 13.40% |
| 600456.SS | 600456.SS | 0.27% | $0.11 | 14.77% |
| 601218.SS | 601218.SS | 0.27% | $0.01 | 12.28% |
| 605268.SS | 605268.SS | 0.27% | $0.03 | 7.19% |
| 688182.SS | 688182.SS | 0.27% | $0.08 | 34.37% |
| 688329.SS | 688329.SS | 0.27% | $0.06 | 50.64% |
| 688618.SS | 688618.SS | 0.27% | $0.07 | 21.88% |
| 688690.SS | 688690.SS | 0.27% | $0.07 | 19.10% |
| DELTA-R.BK | DELTA-R.BK | 0.27% | $0.46 | 29.11% |
| NVS.JO | NVS.JO | 0.27% | $1.54 | 85.07% |
| ONEX.TO | ONEX.TO | 0.27% | $0.30 | 4.84% |
| RUSTOMJEE.BO | RUSTOMJEE.BO | 0.27% | $1.48 | 18.36% |
| SMDS.L | SMDS.L | 0.27% | $1.55 | 60.43% |
| SMKM.JK | SMKM.JK | 0.27% | $0.50 | 19.42% |
| 000096.SZ | 000096.SZ | 0.26% | $0.03 | 22.97% |
| 000156.SZ | 000156.SZ | 0.26% | $0.02 | 6.88% |
| 000410.SZ | 000410.SZ | 0.26% | $0.02 | 22.24% |
| 000530.SZ | 000530.SZ | 0.26% | $0.02 | 15.08% |
| 002270.SZ | 002270.SZ | 0.26% | $0.07 | 8.20% |
| 002952.SZ | 002952.SZ | 0.26% | $0.05 | 65.79% |
| 1051.HK | 1051.HK | 0.26% | $0.03 | 11.60% |
| 298040.KS | 298040.KS | 0.26% | $4,837.31 | 12.67% |
| 300102.SZ | 300102.SZ | 0.26% | $0.07 | 47.47% |
| 300468.SZ | 300468.SZ | 0.26% | $0.10 | 64.92% |
| 300540.SZ | 300540.SZ | 0.26% | $0.05 | 17.27% |
| 300759.SZ | 300759.SZ | 0.26% | $0.07 | 8.57% |
| 301138.SZ | 301138.SZ | 0.26% | $0.10 | 10.17% |
| 600186.SS | 600186.SS | 0.26% | $0.02 | 9.43% |
| 600195.SS | 600195.SS | 0.26% | $0.02 | 9.84% |
| 600731.SS | 600731.SS | 0.26% | $0.02 | 3.68% |
| 601020.SS | 601020.SS | 0.26% | $0.07 | 6.36% |
| 603657.SS | 603657.SS | 0.26% | $0.08 | 72.25% |
| 688018.SS | 688018.SS | 0.26% | $0.44 | 14.89% |