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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|---|---|---|---|---|
| 002096.SZ | 002096.SZ | 0.10% | $0.01 | 1.96% |
| 002779.SZ | 002779.SZ | 0.10% | $0.11 | 31.92% |
| 064350.KS | 064350.KS | 0.10% | $200.04 | 3.15% |
| 300465.SZ | 300465.SZ | 0.10% | $0.02 | 30.02% |
| 300503.SZ | 300503.SZ | 0.10% | $0.06 | 15.33% |
| 300831.SZ | 300831.SZ | 0.10% | $0.01 | 13.95% |
| 301150.SZ | 301150.SZ | 0.10% | $0.04 | 41.37% |
| 4SI.JO | 4SI.JO | 0.10% | $0.07 | 57.90% |
| 600602.SS | 600602.SS | 0.10% | $0.02 | 13.27% |
| 600746.SS | 600746.SS | 0.10% | $0.01 | 5.90% |
| 600780.SS | 600780.SS | 0.10% | $0.01 | 1.07% |
| 600872.SS | 600872.SS | 0.10% | $0.02 | 1.93% |
| 603500.SS | 603500.SS | 0.10% | $0.01 | 2.72% |
| 603938.SS | 603938.SS | 0.10% | $0.02 | 9.32% |
| 688003.SS | 688003.SS | 0.10% | $0.06 | 8.80% |
| 688288.SS | 688288.SS | 0.10% | $0.03 | 3.92% |
| BCPT.L | BCPT.L | 0.10% | $0.10 | 5.16% |
| BMS.L | BMS.L | 0.10% | $0.22 | 84.66% |
| BRFI.L | BRFI.L | 0.10% | $0.18 | 36.49% |
| BYIT.L | BYIT.L | 0.10% | $0.34 | 79.61% |
| CHAYO.BK | CHAYO.BK | 0.10% | $0.00 | 0.60% |
| DIG.L | DIG.L | 0.10% | $0.30 | 82.28% |
| ECEL.L | ECEL.L | 0.10% | $0.12 | 60.70% |
| GLRS.TA | GLRS.TA | 0.10% | $46.31 | 92.69% |
| HHI.L | HHI.L | 0.10% | $0.19 | 42.68% |
| HIK.L | HIK.L | 0.10% | $1.50 | 51.22% |
| HYP.JO | HYP.JO | 0.10% | $5.57 | 48.88% |
| MACF.L | MACF.L | 0.10% | $0.07 | 43.25% |
| MPE.L | MPE.L | 0.10% | $1.27 | 38.81% |
| MPT.JO | MPT.JO | 0.10% | $2.25 | 31.83% |
| MRCH.L | MRCH.L | 0.10% | $0.57 | 59.61% |
| REDD.L | REDD.L | 0.10% | $0.44 | 40.09% |
| SHPP.L | SHPP.L | 0.10% | $0.08 | 93.87% |
| TORO | TORO | 0.10% | $0.01 | 6.37% |
| 001234.SZ | 001234.SZ | 0.09% | $0.02 | 6.39% |
| 002668.SZ | 002668.SZ | 0.09% | $0.01 | 0.84% |
| 002847.SZ | 002847.SZ | 0.09% | $0.06 | 2.16% |
| 002857.SZ | 002857.SZ | 0.09% | $0.02 | 21.21% |
| 0992.HK | 0992.HK | 0.09% | $0.01 | 8.26% |
| 1164.HK | 1164.HK | 0.09% | $0.00 | 3.85% |
| 2250.SR | 2250.SR | 0.09% | $0.01 | 12.73% |
| 300223.SZ | 300223.SZ | 0.09% | $0.10 | 15.14% |
| 300308.SZ | 300308.SZ | 0.09% | $0.54 | 7.05% |
| 300321.SZ | 300321.SZ | 0.09% | $0.04 | 47.95% |
| 300496.SZ | 300496.SZ | 0.09% | $0.06 | 5.56% |
| 300516.SZ | 300516.SZ | 0.09% | $0.07 | 38.13% |
| 300620.SZ | 300620.SZ | 0.09% | $0.14 | 27.34% |
| 301616.SZ | 301616.SZ | 0.09% | $0.05 | 1.80% |
| 3085.T | 3085.T | 0.09% | $2.90 | 3.25% |
| 437730.KQ | 437730.KQ | 0.09% | $48.34 | 17.25% |