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
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|---|---|---|---|---|
| STVG.L | STVG.L | 0.20% | $0.22 | 85.00% |
| 000993.SZ | 000993.SZ | 0.19% | $0.02 | 4.94% |
| 002392.SZ | 002392.SZ | 0.19% | $0.01 | 4.71% |
| 0975.HK | 0975.HK | 0.19% | $0.02 | 6.64% |
| 300079.SZ | 300079.SZ | 0.19% | $0.01 | 53.51% |
| 300353.SZ | 300353.SZ | 0.19% | $0.04 | 58.28% |
| 300576.SZ | 300576.SZ | 0.19% | $0.07 | 23.64% |
| 300805.SZ | 300805.SZ | 0.19% | $0.02 | 20.44% |
| 300913.SZ | 300913.SZ | 0.19% | $0.10 | 15.47% |
| 600530.SS | 600530.SS | 0.19% | $0.01 | 37.87% |
| 600619.SS | 600619.SS | 0.19% | $0.04 | 92.50% |
| 600825.SS | 600825.SS | 0.19% | $0.01 | 28.97% |
| 601007.SS | 601007.SS | 0.19% | $0.01 | 18.36% |
| 603869.SS | 603869.SS | 0.19% | $0.02 | 26.36% |
| 603966.SS | 603966.SS | 0.19% | $0.02 | 3.95% |
| 688305.SS | 688305.SS | 0.19% | $0.12 | 12.52% |
| DOL.TO | DOL.TO | 0.19% | $0.38 | 8.45% |
| GAZT.ME | GAZT.ME | 0.19% | $3.35 | 94.82% |
| LAHOTIOV.BO | LAHOTIOV.BO | 0.19% | $0.10 | 2.87% |
| PRIMEFRESH.BO | PRIMEFRESH.BO | 0.19% | $0.48 | 3.62% |
| QRS.WA | QRS.WA | 0.19% | $0.02 | 2.03% |
| SUPERSHAKT.BO | SUPERSHAKT.BO | 0.19% | $0.50 | 1.85% |
| VTAS.L | VTAS.L | 0.19% | $1.11 | 42.95% |
| WGX.AX | WGX.AX | 0.19% | $0.01 | 8.20% |
| 000570.SZ | 000570.SZ | 0.18% | $0.01 | 42.48% |
| 000831.SZ | 000831.SZ | 0.18% | $0.08 | 80.93% |
| 000888.SZ | 000888.SZ | 0.18% | $0.02 | 5.59% |
| 001202.SZ | 001202.SZ | 0.18% | $0.03 | 6.34% |
| 002148.SZ | 002148.SZ | 0.18% | $0.02 | 72.36% |
| 002933.SZ | 002933.SZ | 0.18% | $0.07 | 24.64% |
| 058610.KQ | 058610.KQ | 0.18% | $150.45 | 27.80% |
| 300069.SZ | 300069.SZ | 0.18% | $0.03 | 15.98% |
| 301209.SZ | 301209.SZ | 0.18% | $0.20 | 37.48% |
| 3450.TW | 3450.TW | 0.18% | $0.50 | 9.12% |
| 600230.SS | 600230.SS | 0.18% | $0.03 | 21.03% |
| 600620.SS | 600620.SS | 0.18% | $0.01 | 12.62% |
| 603200.SS | 603200.SS | 0.18% | $0.13 | 20.05% |
| 603268.SS | 603268.SS | 0.18% | $0.15 | 10.52% |
| 603306.SS | 603306.SS | 0.18% | $0.11 | 13.64% |
| 603960.SS | 603960.SS | 0.18% | $0.04 | 21.20% |
| 603988.SS | 603988.SS | 0.18% | $0.04 | 23.72% |
| 605133.SS | 605133.SS | 0.18% | $0.06 | 9.33% |
| 6067.T | 6067.T | 0.18% | $8.25 | 52.45% |
| 688268.SS | 688268.SS | 0.18% | $0.10 | 7.26% |
| CENTURYTEX.BO | CENTURYTEX.BO | 0.18% | $4.96 | 57.21% |
| CMH.JO | CMH.JO | 0.18% | $6.35 | 70.53% |
| FIGE3.SA | FIGE3.SA | 0.18% | $0.04 | 0.86% |
| FLOT.ME | FLOT.ME | 0.18% | $0.14 | 13.00% |
| JARR.JK | JARR.JK | 0.18% | $5.65 | 15.65% |
| MAREL.AS | MAREL.AS | 0.18% | $0.01 | 54.66% |