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 % |
|---|---|---|---|---|
| SHOM.TA | SHOM.TA | 0.06% | $0.51 | 44.70% |
| SIEVI.HE | SIEVI.HE | 0.06% | $0.00 | 0.75% |
| SLPE.L | SLPE.L | 0.06% | $0.25 | 25.55% |
| TCPI.JK | TCPI.JK | 0.06% | $5.00 | 13.12% |
| TFW.L | TFW.L | 0.06% | $0.16 | 39.41% |
| THYAO.IS | THYAO.IS | 0.06% | $0.16 | 8.14% |
| ULVR.L | ULVR.L | 0.06% | $3.07 | 72.78% |
| ZZD.JO | ZZD.JO | 0.06% | $0.77 | 11.24% |
| 002006.SZ | 002006.SZ | 0.05% | $0.01 | 2.63% |
| 002232.SZ | 002232.SZ | 0.05% | $0.01 | 43.17% |
| 002248.SZ | 002248.SZ | 0.05% | $0.01 | 7.78% |
| 002412.SZ | 002412.SZ | 0.05% | $0.00 | 0.94% |
| 002641.SZ | 002641.SZ | 0.05% | $0.00 | 2.99% |
| 002646.SZ | 002646.SZ | 0.05% | $0.00 | 30.24% |
| 002725.SZ | 002725.SZ | 0.05% | $0.01 | 2.70% |
| 114190.KQ | 114190.KQ | 0.05% | $5.67 | 4.86% |
| 2082.SR | 2082.SR | 0.05% | $0.10 | 4.24% |
| 2099.HK | 2099.HK | 0.05% | $0.08 | 10.76% |
| 2148.HK | 2148.HK | 0.05% | $0.00 | 1.72% |
| 2767.T | 2767.T | 0.05% | $0.98 | 0.34% |
| 300456.SZ | 300456.SZ | 0.05% | $0.03 | 1.37% |
| 300479.SZ | 300479.SZ | 0.05% | $0.01 | 7.45% |
| 300604.SZ | 300604.SZ | 0.05% | $0.05 | 3.28% |
| 600101.SS | 600101.SS | 0.05% | $0.00 | 1.56% |
| 600316.SS | 600316.SS | 0.05% | $0.02 | 33.05% |
| 600573.SS | 600573.SS | 0.05% | $0.01 | 1.79% |
| 600589.SS | 600589.SS | 0.05% | $0.00 | 12.53% |
| 600610.SS | 600610.SS | 0.05% | $0.00 | 11.31% |
| 600822.SS | 600822.SS | 0.05% | $0.01 | 10.21% |
| 600875.SS | 600875.SS | 0.05% | $0.01 | 1.33% |
| 600993.SS | 600993.SS | 0.05% | $0.02 | 1.14% |
| 601333.SS | 601333.SS | 0.05% | $0.00 | 0.88% |
| 601928.SS | 601928.SS | 0.05% | $0.01 | 0.70% |
| 603219.SS | 603219.SS | 0.05% | $0.01 | 3.04% |
| 603648.SS | 603648.SS | 0.05% | $0.01 | 1.93% |
| 605188.SS | 605188.SS | 0.05% | $0.01 | 83.54% |
| 688261.SS | 688261.SS | 0.05% | $0.04 | 8.67% |
| 688718.SS | 688718.SS | 0.05% | $0.01 | 3.39% |
| ABF.L | ABF.L | 0.05% | $1.13 | 33.11% |
| AFLT.ME | AFLT.ME | 0.05% | $0.03 | 0.13% |
| AFM.L | AFM.L | 0.05% | $0.24 | 85.84% |
| APEO.L | APEO.L | 0.05% | $0.29 | 21.95% |
| BAG.L | BAG.L | 0.05% | $0.31 | 41.70% |
| BLDN.QA | BLDN.QA | 0.05% | $0.00 | 0.30% |
| BRMG.TA | BRMG.TA | 0.05% | $1.23 | 34.30% |
| BRSA.L | BRSA.L | 0.05% | $0.10 | 52.78% |
| BSLI3.SA | BSLI3.SA | 0.05% | $0.00 | 0.21% |
| CCH.L | CCH.L | 0.05% | $1.97 | 46.31% |
| CKN.L | CKN.L | 0.05% | $2.07 | 40.32% |
| CTEC.L | CTEC.L | 0.05% | $0.12 | 68.67% |