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 % |
|---|---|---|---|---|
| 688026.SS | 688026.SS | 0.26% | $0.04 | 7.15% |
| DNA2.L | DNA2.L | 0.26% | $0.38 | 49.29% |
| ELMD3.SA | ELMD3.SA | 0.26% | $0.08 | 10.75% |
| RAM | RAM | 0.26% | $0.03 | 2.44% |
| RCH.L | RCH.L | 0.26% | $0.15 | 50.77% |
| 002134.SZ | 002134.SZ | 0.25% | $0.07 | 90.82% |
| 002397.SZ | 002397.SZ | 0.25% | $0.01 | 24.35% |
| 002598.SZ | 002598.SZ | 0.25% | $0.03 | 26.26% |
| 003026.SZ | 003026.SZ | 0.25% | $0.08 | 22.37% |
| 0179.HK | 0179.HK | 0.25% | $0.08 | 27.48% |
| 089030.KQ | 089030.KQ | 0.25% | $129.63 | 53.52% |
| 2025.HK | 2025.HK | 0.25% | $0.03 | 63.69% |
| 214450.KQ | 214450.KQ | 0.25% | $1,064.21 | 8.14% |
| 300001.SZ | 300001.SZ | 0.25% | $0.07 | 5.79% |
| 300657.SZ | 300657.SZ | 0.25% | $0.07 | 35.33% |
| 300827.SZ | 300827.SZ | 0.25% | $0.09 | 10.08% |
| 301137.SZ | 301137.SZ | 0.25% | $0.12 | 43.22% |
| 3784.T | 3784.T | 0.25% | $5.05 | 4.14% |
| 600071.SS | 600071.SS | 0.25% | $0.05 | 23.90% |
| 600354.SS | 600354.SS | 0.25% | $0.02 | 12.13% |
| 600664.SS | 600664.SS | 0.25% | $0.01 | 4.79% |
| CLARA.BO | CLARA.BO | 0.25% | $0.10 | 10.93% |
| CVCG.L | CVCG.L | 0.25% | $0.29 | 6.15% |
| FSV | FSV | 0.25% | $0.37 | 8.84% |
| GWIND.IS | GWIND.IS | 0.25% | $0.06 | 3.39% |
| PEGRO-PREF.ST | PEGRO-PREF.ST | 0.25% | $0.28 | 16.49% |
| TKNO3.SA | TKNO3.SA | 0.25% | $0.51 | 3.56% |
| TNSE.ME | TNSE.ME | 0.25% | $9.23 | 0.48% |
| ULTP.L | ULTP.L | 0.25% | $0.14 | 73.00% |
| 000688.SZ | 000688.SZ | 0.24% | $0.07 | 25.58% |
| 094170.KQ | 094170.KQ | 0.24% | $69.42 | 22.40% |
| 300010.SZ | 300010.SZ | 0.24% | $0.02 | 30.40% |
| 300376.SZ | 300376.SZ | 0.24% | $0.02 | 46.57% |
| 300602.SZ | 300602.SZ | 0.24% | $0.08 | 12.58% |
| 300709.SZ | 300709.SZ | 0.24% | $0.12 | 12.56% |
| 300830.SZ | 300830.SZ | 0.24% | $0.02 | 79.01% |
| 301571.SZ | 301571.SZ | 0.24% | $0.14 | 12.94% |
| 4666.T | 4666.T | 0.24% | $5.00 | 5.84% |
| 600259.SS | 600259.SS | 0.24% | $0.13 | 43.23% |
| 600685.SS | 600685.SS | 0.24% | $0.07 | 11.62% |
| 603083.SS | 603083.SS | 0.24% | $0.32 | 31.70% |
| 603357.SS | 603357.SS | 0.24% | $0.02 | 2.51% |
| 688123.SS | 688123.SS | 0.24% | $0.30 | 11.90% |
| 688636.SS | 688636.SS | 0.24% | $0.10 | 15.66% |
| 688766.SS | 688766.SS | 0.24% | $0.31 | 35.74% |
| AGI | AGI | 0.24% | $0.09 | 7.17% |
| ASLC.JK | ASLC.JK | 0.24% | $0.22 | 7.12% |
| ASRM.JK | ASRM.JK | 0.24% | $0.78 | 8.15% |
| CLB | CLB | 0.24% | $0.04 | 5.94% |
| MOEX.ME | MOEX.ME | 0.24% | $0.41 | 1.49% |