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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| 603098.SS | 603098.SS | 0.12% | $0.02 | 9.13% |
| 605186.SS | 605186.SS | 0.12% | $0.02 | 35.76% |
| 688396.SS | 688396.SS | 0.12% | $0.06 | 10.78% |
| 688425.SS | 688425.SS | 0.12% | $0.01 | 2.19% |
| 688588.SS | 688588.SS | 0.12% | $0.02 | 6.76% |
| 688661.SS | 688661.SS | 0.12% | $0.06 | 24.89% |
| ANANTRAJ.BO | ANANTRAJ.BO | 0.12% | $0.73 | 5.08% |
| AQSG.L | AQSG.L | 0.12% | $0.01 | 33.77% |
| BREE.L | BREE.L | 0.12% | $0.38 | 70.10% |
| ICICIPRULI.BO | ICICIPRULI.BO | 0.12% | $0.83 | 9.28% |
| JHD.L | JHD.L | 0.12% | $0.17 | 79.18% |
| MIDW.L | MIDW.L | 0.12% | $0.22 | 74.12% |
| MONEXB.MX | MONEXB.MX | 0.12% | $0.02 | 0.42% |
| SBRE.L | SBRE.L | 0.12% | $0.16 | 68.02% |
| TFIF.L | TFIF.L | 0.12% | $0.14 | 45.96% |
| VSVS.L | VSVS.L | 0.12% | $0.48 | 68.73% |
| WINK.L | WINK.L | 0.12% | $0.24 | 90.49% |
| 000523.SZ | 000523.SZ | 0.11% | $0.00 | 1.45% |
| 000565.SZ | 000565.SZ | 0.11% | $0.01 | 60.97% |
| 002107.SZ | 002107.SZ | 0.11% | $0.01 | 5.06% |
| 007660.KS | 007660.KS | 0.11% | $129.20 | 6.94% |
| 300756.SZ | 300756.SZ | 0.11% | $0.06 | 11.56% |
| 600226.SS | 600226.SS | 0.11% | $0.01 | 8.98% |
| 600556.SS | 600556.SS | 0.11% | $0.01 | 54.07% |
| 601608.SS | 601608.SS | 0.11% | $0.01 | 9.07% |
| 688228.SS | 688228.SS | 0.11% | $0.21 | 42.58% |
| 688233.SS | 688233.SS | 0.11% | $0.07 | 14.96% |
| 688319.SS | 688319.SS | 0.11% | $0.03 | 17.44% |
| 688350.SS | 688350.SS | 0.11% | $0.03 | 45.86% |
| 7047.T | 7047.T | 0.11% | $2.44 | 1.74% |
| AEWU.L | AEWU.L | 0.11% | $0.12 | 60.58% |
| BIPS.L | BIPS.L | 0.11% | $0.19 | 62.38% |
| BRCK.L | BRCK.L | 0.11% | $0.06 | 94.82% |
| DNLM.L | DNLM.L | 0.11% | $1.21 | 80.20% |
| GFTU.L | GFTU.L | 0.11% | $1.01 | 74.86% |
| ITV.L | ITV.L | 0.11% | $0.09 | 54.77% |
| KDTN.JK | KDTN.JK | 0.11% | $0.88 | 60.36% |
| MGAM.L | MGAM.L | 0.11% | $0.24 | 70.25% |
| OSB.L | OSB.L | 0.11% | $0.69 | 39.29% |
| PWON.JK | PWON.JK | 0.11% | $0.36 | 0.81% |
| SEA.JO | SEA.JO | 0.11% | $1.26 | 45.37% |
| SNWS.L | SNWS.L | 0.11% | $0.08 | 40.75% |
| SYG.JO | SYG.JO | 0.11% | $3.77 | 85.37% |
| TBS.JO | TBS.JO | 0.11% | $40.83 | 91.57% |
| TRIAN-B.ST | TRIAN-B.ST | 0.11% | $0.02 | 1.03% |
| VMUK.L | VMUK.L | 0.11% | $0.24 | 47.69% |
| VOD.JO | VOD.JO | 0.11% | $14.89 | 87.88% |
| 000010.SZ | 000010.SZ | 0.10% | $0.00 | 8.13% |
| 000551.SZ | 000551.SZ | 0.10% | $0.01 | 2.73% |
| 001231.SZ | 001231.SZ | 0.10% | $0.02 | 3.67% |