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 % |
|---|---|---|---|---|
| OCE.JO | OCE.JO | 0.24% | $13.23 | 76.46% |
| SVRL.BO | SVRL.BO | 0.24% | $0.69 | 10.32% |
| YULE.JK | YULE.JK | 0.24% | $8.00 | 21.47% |
| 000417.SZ | 000417.SZ | 0.23% | $0.02 | 9.60% |
| 002384.SZ | 002384.SZ | 0.23% | $0.19 | 28.28% |
| 002565.SZ | 002565.SZ | 0.23% | $0.04 | 78.29% |
| 002885.SZ | 002885.SZ | 0.23% | $0.06 | 23.30% |
| 002896.SZ | 002896.SZ | 0.23% | $0.21 | 56.47% |
| 002905.SZ | 002905.SZ | 0.23% | $0.03 | 26.27% |
| 003021.SZ | 003021.SZ | 0.23% | $0.29 | 27.62% |
| 003240.KS | 003240.KS | 0.23% | $1,750.04 | 0.92% |
| 022100.KQ | 022100.KQ | 0.23% | $126.31 | 24.59% |
| 300007.SZ | 300007.SZ | 0.23% | $0.12 | 49.27% |
| 300096.SZ | 300096.SZ | 0.23% | $0.02 | 11.84% |
| 300107.SZ | 300107.SZ | 0.23% | $0.02 | 77.28% |
| 300380.SZ | 300380.SZ | 0.23% | $0.10 | 57.30% |
| 300969.SZ | 300969.SZ | 0.23% | $0.29 | 17.85% |
| 4475.T | 4475.T | 0.23% | $2.99 | 8.29% |
| 600113.SS | 600113.SS | 0.23% | $0.15 | 41.70% |
| 600148.SS | 600148.SS | 0.23% | $0.05 | 68.26% |
| 603324.SS | 603324.SS | 0.23% | $0.06 | 13.58% |
| 603639.SS | 603639.SS | 0.23% | $0.03 | 5.13% |
| 603663.SS | 603663.SS | 0.23% | $0.08 | 45.25% |
| 688683.SS | 688683.SS | 0.23% | $0.07 | 27.71% |
| CKS.JO | CKS.JO | 0.23% | $5.54 | 94.73% |
| EXX.JO | EXX.JO | 0.23% | $40.92 | 57.17% |
| ITE.JO | ITE.JO | 0.23% | $2.11 | 85.08% |
| TROAX.ST | TROAX.ST | 0.23% | $0.34 | 85.49% |
| 001336.SZ | 001336.SZ | 0.22% | $0.05 | 16.21% |
| 002246.SZ | 002246.SZ | 0.22% | $0.04 | 10.63% |
| 002281.SZ | 002281.SZ | 0.22% | $0.16 | 13.87% |
| 002335.SZ | 002335.SZ | 0.22% | $0.12 | 14.77% |
| 002494.SZ | 002494.SZ | 0.22% | $0.01 | 29.50% |
| 002511.SZ | 002511.SZ | 0.22% | $0.02 | 9.57% |
| 002935.SZ | 002935.SZ | 0.22% | $0.05 | 33.23% |
| 0JE5.L | 0JE5.L | 0.22% | $0.00 | 0.43% |
| 140860.KQ | 140860.KQ | 0.22% | $500.14 | 7.60% |
| 2018.HK | 2018.HK | 0.22% | $0.09 | 3.67% |
| 300031.SZ | 300031.SZ | 0.22% | $0.05 | 11.36% |
| 300049.SZ | 300049.SZ | 0.22% | $0.15 | 32.40% |
| 300142.SZ | 300142.SZ | 0.22% | $0.02 | 77.28% |
| 300457.SZ | 300457.SZ | 0.22% | $0.06 | 12.53% |
| 300512.SZ | 300512.SZ | 0.22% | $0.02 | 25.40% |
| 301155.SZ | 301155.SZ | 0.22% | $0.18 | 12.08% |
| 301392.SZ | 301392.SZ | 0.22% | $0.28 | 21.83% |
| 601163.SS | 601163.SS | 0.22% | $0.03 | 2.73% |
| 603656.SS | 603656.SS | 0.22% | $0.05 | 30.43% |
| 688122.SS | 688122.SS | 0.22% | $0.17 | 12.77% |
| 688258.SS | 688258.SS | 0.22% | $0.17 | 38.53% |
| 688308.SS | 688308.SS | 0.22% | $0.07 | 59.97% |