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 % |
|---|---|---|---|---|
| 688568.SS | 688568.SS | 0.22% | $0.13 | 29.11% |
| 688656.SS | 688656.SS | 0.22% | $0.35 | 59.52% |
| FNOX.ST | FNOX.ST | 0.22% | $0.20 | 15.84% |
| JHDA.L | JHDA.L | 0.22% | $0.17 | 79.18% |
| TSG.JO | TSG.JO | 0.22% | $1.60 | 65.37% |
| 000757.SZ | 000757.SZ | 0.21% | $0.01 | 11.69% |
| 000921.SZ | 000921.SZ | 0.21% | $0.05 | 2.13% |
| 002222.SZ | 002222.SZ | 0.21% | $0.12 | 20.85% |
| 002361.SZ | 002361.SZ | 0.21% | $0.03 | 80.50% |
| 002975.SZ | 002975.SZ | 0.21% | $0.16 | 20.16% |
| 300652.SZ | 300652.SZ | 0.21% | $0.12 | 9.46% |
| 300661.SZ | 300661.SZ | 0.21% | $0.15 | 16.39% |
| 301018.SZ | 301018.SZ | 0.21% | $0.14 | 29.35% |
| 301021.SZ | 301021.SZ | 0.21% | $0.10 | 36.19% |
| 600131.SS | 600131.SS | 0.21% | $0.03 | 5.61% |
| 600201.SS | 600201.SS | 0.21% | $0.03 | 33.05% |
| 600301.SS | 600301.SS | 0.21% | $0.08 | 8.45% |
| 600682.SS | 600682.SS | 0.21% | $0.02 | 11.05% |
| 688336.SS | 688336.SS | 0.21% | $0.12 | 8.85% |
| AEBI | AEBI | 0.21% | $0.03 | 21.66% |
| BGLP.L | BGLP.L | 0.21% | $0.14 | 55.59% |
| DEVA.IS | DEVA.IS | 0.21% | $0.13 | 8.08% |
| MBN.TO | MBN.TO | 0.21% | $0.02 | 46.46% |
| SESL.PA | SESL.PA | 0.21% | $0.30 | 9.17% |
| 001314.SZ | 001314.SZ | 0.20% | $0.09 | 63.47% |
| 001914.SZ | 001914.SZ | 0.20% | $0.02 | 2.53% |
| 002011.SZ | 002011.SZ | 0.20% | $0.03 | 2.32% |
| 002428.SZ | 002428.SZ | 0.20% | $0.06 | 97.03% |
| 002487.SZ | 002487.SZ | 0.20% | $0.10 | 5.99% |
| 002707.SZ | 002707.SZ | 0.20% | $0.01 | 28.41% |
| 002729.SZ | 002729.SZ | 0.20% | $0.03 | 14.08% |
| 002985.SZ | 002985.SZ | 0.20% | $0.06 | 35.45% |
| 003007.SZ | 003007.SZ | 0.20% | $0.07 | 28.35% |
| 003920.KS | 003920.KS | 0.20% | $102.65 | 3.91% |
| 0R4M.L | 0R4M.L | 0.20% | $1.55 | 61.14% |
| 1U1.DE | 1U1.DE | 0.20% | $0.05 | 5.84% |
| 300342.SZ | 300342.SZ | 0.20% | $0.07 | 47.06% |
| 300450.SZ | 300450.SZ | 0.20% | $0.10 | 17.62% |
| 300487.SZ | 300487.SZ | 0.20% | $0.12 | 7.27% |
| 300964.SZ | 300964.SZ | 0.20% | $0.11 | 23.33% |
| 460940.KQ | 460940.KQ | 0.20% | $24.42 | 10.43% |
| 600375.SS | 600375.SS | 0.20% | $0.01 | 3.22% |
| 601975.SS | 601975.SS | 0.20% | $0.01 | 2.37% |
| 603099.SS | 603099.SS | 0.20% | $0.09 | 16.71% |
| 6446.TW | 6446.TW | 0.20% | $0.99 | 7.62% |
| 6857.T | 6857.T | 0.20% | $39.18 | 10.97% |
| EXENS.PA | EXENS.PA | 0.20% | $0.10 | 7.99% |
| GFL | GFL | 0.20% | $0.08 | 0.86% |
| PHLL.L | PHLL.L | 0.20% | $0.70 | 60.08% |
| SCAP.BK | SCAP.BK | 0.20% | $0.00 | 1.79% |