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 % |
|---|---|---|---|---|
| 600191.SS | 600191.SS | 0.06% | $0.01 | 9.61% |
| 600288.SS | 600288.SS | 0.06% | $0.01 | 8.37% |
| 600486.SS | 600486.SS | 0.06% | $0.04 | 1.25% |
| 600490.SS | 600490.SS | 0.06% | $0.00 | 4.03% |
| 600615.SS | 600615.SS | 0.06% | $0.01 | 15.34% |
| 600654.SS | 600654.SS | 0.06% | $0.00 | 3.19% |
| 603068.SS | 603068.SS | 0.06% | $0.02 | 19.57% |
| 603328.SS | 603328.SS | 0.06% | $0.01 | 1.50% |
| 605080.SS | 605080.SS | 0.06% | $0.01 | 0.98% |
| 688017.SS | 688017.SS | 0.06% | $0.12 | 25.12% |
| 688585.SS | 688585.SS | 0.06% | $0.07 | 34.27% |
| 688696.SS | 688696.SS | 0.06% | $0.07 | 1.87% |
| AAIF.L | AAIF.L | 0.06% | $0.16 | 36.85% |
| AKSGY.IS | AKSGY.IS | 0.06% | $0.00 | 0.27% |
| ALTF.TA | ALTF.TA | 0.06% | $0.42 | 73.06% |
| BAKK.L | BAKK.L | 0.06% | $0.15 | 87.07% |
| BLV.L | BLV.L | 0.06% | $0.17 | 44.51% |
| BNZL.L | BNZL.L | 0.06% | $1.26 | 47.00% |
| BRIG.L | BRIG.L | 0.06% | $0.14 | 68.68% |
| BWY.L | BWY.L | 0.06% | $1.69 | 70.03% |
| CAPD.L | CAPD.L | 0.06% | $0.07 | 24.60% |
| CASP.L | CASP.L | 0.06% | $0.00 | 25.15% |
| CSSG.L | CSSG.L | 0.06% | $0.04 | 46.50% |
| DNET.JK | DNET.JK | 0.06% | $5.00 | 6.08% |
| DWHA.L | DWHA.L | 0.06% | $0.36 | 25.82% |
| ELSPC.TA | ELSPC.TA | 0.06% | $0.25 | 80.53% |
| EPWN.L | EPWN.L | 0.06% | $0.07 | 37.55% |
| ETGA.TA | ETGA.TA | 0.06% | $1.55 | 89.99% |
| FIBIH.TA | FIBIH.TA | 0.06% | $16.92 | 41.38% |
| HSL.L | HSL.L | 0.06% | $0.50 | 70.94% |
| HSX.L | HSX.L | 0.06% | $0.77 | 20.38% |
| HVO.L | HVO.L | 0.06% | $0.00 | 12.02% |
| IBT.L | IBT.L | 0.06% | $0.61 | 57.78% |
| IDIN.TA | IDIN.TA | 0.06% | $14.75 | 68.21% |
| IGG.L | IGG.L | 0.06% | $0.81 | 31.08% |
| IHP.L | IHP.L | 0.06% | $0.21 | 67.29% |
| ITRK.L | ITRK.L | 0.06% | $2.66 | 64.13% |
| IVPU.L | IVPU.L | 0.06% | $0.12 | 35.31% |
| JMI.L | JMI.L | 0.06% | $0.16 | 23.47% |
| JUGI.L | JUGI.L | 0.06% | $0.20 | 53.22% |
| LAAC | LAAC | 0.06% | $0.00 | 0.02% |
| LWDB.L | LWDB.L | 0.06% | $0.66 | 28.04% |
| MGRO.JK | MGRO.JK | 0.06% | $0.43 | 7.88% |
| MTVW.L | MTVW.L | 0.06% | $5.25 | 42.08% |
| NAWI.TA | NAWI.TA | 0.06% | $3.28 | 46.36% |
| NTN.L | NTN.L | 0.06% | $0.05 | 76.12% |
| PSON.L | PSON.L | 0.06% | $0.63 | 53.29% |
| RCDO.L | RCDO.L | 0.06% | $0.24 | 49.35% |
| RMKE.JK | RMKE.JK | 0.06% | $3.50 | 6.74% |
| SALM.OL | SALM.OL | 0.06% | $0.36 | 4.26% |