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 | $263.70 | |
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 | 0.39% | 0.37% | 0.36% | 0.34% | 0.33% | 0.30% | 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 % |
|---|---|---|---|---|
| PCR.WA | PCR.WA | 7.82% | $5.05 | 95.33% |
| TQR.BK | TQR.BK | 7.82% | $0.39 | 90.56% |
| KGI.BK | KGI.BK | 7.81% | $0.31 | 62.80% |
| PRDA.JK | PRDA.JK | 7.81% | $180.52 | 85.06% |
| AIMIRT.BK | AIMIRT.BK | 7.80% | $0.85 | 81.01% |
| AKRA.JK | AKRA.JK | 7.80% | $99.88 | 82.20% |
| SPREME.BK | SPREME.BK | 7.80% | $0.11 | 90.62% |
| AYV.PA | AYV.PA | 7.79% | $0.91 | 71.87% |
| 1378.HK | 1378.HK | 7.78% | $2.65 | 56.89% |
| NRG.PA | NRG.PA | 7.78% | $0.63 | 63.81% |
| D2O.AX | D2O.AX | 7.77% | $0.12 | 50.68% |
| TVO-R.BK | TVO-R.BK | 7.77% | $1.74 | 62.11% |
| C38U.SI | C38U.SI | 7.76% | $0.18 | 74.73% |
| 002839.SZ | 002839.SZ | 7.75% | $0.35 | 44.09% |
| 0710.HK | 0710.HK | 7.75% | $0.42 | 39.15% |
| 0951.HK | 0951.HK | 7.75% | $0.11 | 20.52% |
| 1681.HK | 1681.HK | 7.75% | $1.20 | 55.92% |
| AXA.DE | AXA.DE | 7.75% | $3.17 | 52.74% |
| RND.AX | RND.AX | 7.75% | $0.20 | 57.47% |
| 601881.SS | 601881.SS | 7.74% | $1.22 | 98.30% |
| TA1.DE | TA1.DE | 7.74% | $0.76 | 79.04% |
| 0746.HK | 0746.HK | 7.73% | $0.40 | 35.48% |
| NESN.SW | NESN.SW | 7.73% | $6.09 | 72.83% |
| 2633.HK | 2633.HK | 7.72% | $0.10 | 36.63% |
| 000498.SZ | 000498.SZ | 7.71% | $0.47 | 48.64% |
| 0016.HK | 0016.HK | 7.71% | $7.45 | 56.97% |
| 0QKE.L | 0QKE.L | 7.70% | $4.46 | 61.99% |
| HAEK.DE | HAEK.DE | 7.70% | $1.63 | 85.37% |
| 2688.HK | 2688.HK | 7.68% | $5.39 | 50.36% |
| ASIMAR.BK | ASIMAR.BK | 7.68% | $0.12 | 60.54% |
| SAMS.PA | SAMS.PA | 7.68% | $10.25 | 56.16% |
| SEC.AX | SEC.AX | 7.68% | $0.22 | 15.84% |
| UVAN.BK | UVAN.BK | 7.68% | $1.00 | 63.09% |
| JCT.BK | JCT.BK | 7.67% | $6.44 | 83.85% |
| KFL.NZ | KFL.NZ | 7.67% | $0.10 | 38.05% |
| ALRIB.PA | ALRIB.PA | 7.65% | $0.27 | 71.18% |
| DXI.AX | DXI.AX | 7.65% | $0.21 | 17.56% |
| NISP.JK | NISP.JK | 7.65% | $106.00 | 49.91% |
| SCG.AX | SCG.AX | 7.65% | $0.32 | 91.06% |
| 002572.SZ | 002572.SZ | 7.62% | $1.04 | 88.29% |
| 035000.KS | 035000.KS | 7.62% | $648.83 | 81.78% |
| JMT-R.BK | JMT-R.BK | 7.62% | $0.67 | 69.23% |
| SQU.DE | SQU.DE | 7.62% | $9.24 | 55.99% |
| 0QP2.L | 0QP2.L | 7.61% | $32.48 | 79.70% |
| BAMI.MI | BAMI.MI | 7.61% | $1.00 | 80.93% |
| 600795.SS | 600795.SS | 7.60% | $0.38 | 92.13% |
| BTI.AX | BTI.AX | 7.60% | $0.09 | 34.83% |
| SMPC.BK | SMPC.BK | 7.60% | $0.67 | 57.18% |
| 0O33.L | 0O33.L | 7.59% | $0.70 | 76.88% |
| BOREO.HE | BOREO.HE | 7.59% | $1.08 | 82.86% |