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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| DIFI.TA | DIFI.TA | 0.05% | $27.76 | 72.89% |
| DOHOL.IS | DOHOL.IS | 0.05% | $0.01 | 1.12% |
| DSW.L | DSW.L | 0.05% | $0.04 | 71.47% |
| EDIN.L | EDIN.L | 0.05% | $0.43 | 23.09% |
| EKF.L | EKF.L | 0.05% | $0.01 | 49.97% |
| FNTL.L | FNTL.L | 0.05% | $0.10 | 86.78% |
| FSTA.L | FSTA.L | 0.05% | $0.38 | 57.02% |
| GAW.L | GAW.L | 0.05% | $9.37 | 89.20% |
| GCC.MX | GCC.MX | 0.05% | $0.09 | 9.95% |
| GPE.L | GPE.L | 0.05% | $0.16 | 17.61% |
| HAT.L | HAT.L | 0.05% | $0.34 | 34.09% |
| HEFT.L | HEFT.L | 0.05% | $0.09 | 64.95% |
| HWDN.L | HWDN.L | 0.05% | $0.42 | 45.53% |
| I3E.L | I3E.L | 0.05% | $0.01 | 15.40% |
| ISRS.TA | ISRS.TA | 0.05% | $45.21 | 56.32% |
| IX.L | IX.L | 0.05% | $0.00 | 0.12% |
| JSE.JO | JSE.JO | 0.05% | $7.95 | 36.38% |
| JSG.L | JSG.L | 0.05% | $0.07 | 41.78% |
| KGH.L | KGH.L | 0.05% | $0.08 | 42.63% |
| KNOS.L | KNOS.L | 0.05% | $0.53 | 78.52% |
| LMP.L | LMP.L | 0.05% | $0.10 | 43.71% |
| MDTR.TA | MDTR.TA | 0.05% | $0.65 | 32.16% |
| MGNS.L | MGNS.L | 0.05% | $2.35 | 41.65% |
| MLRN.TA | MLRN.TA | 0.05% | $0.71 | 41.84% |
| NIOX.L | NIOX.L | 0.05% | $0.03 | 82.72% |
| NTBR.L | NTBR.L | 0.05% | $0.07 | 24.02% |
| NWOR.L | NWOR.L | 0.05% | $0.01 | 65.38% |
| PTBL.TA | PTBL.TA | 0.05% | $18.00 | 65.50% |
| ROR.L | ROR.L | 0.05% | $0.15 | 58.18% |
| SAIN.L | SAIN.L | 0.05% | $0.26 | 46.12% |
| SHRS.L | SHRS.L | 0.05% | $0.17 | 8.90% |
| SLARL.TA | SLARL.TA | 0.05% | $0.55 | 43.38% |
| SMJ.L | SMJ.L | 0.05% | $0.07 | 37.45% |
| SOLI.L | SOLI.L | 0.05% | $0.08 | 47.33% |
| SSE.L | SSE.L | 0.05% | $1.03 | 39.40% |
| STB.L | STB.L | 0.05% | $0.63 | 25.00% |
| THRG.L | THRG.L | 0.05% | $0.29 | 39.74% |
| TIFS.L | TIFS.L | 0.05% | $0.11 | 47.06% |
| TMPL.L | TMPL.L | 0.05% | $0.20 | 17.86% |
| TSTL.L | TSTL.L | 0.05% | $0.24 | 93.73% |
| TUNE.L | TUNE.L | 0.05% | $0.13 | 97.00% |
| UPGS.L | UPGS.L | 0.05% | $0.07 | 25.06% |
| VOF.L | VOF.L | 0.05% | $0.25 | 16.06% |
| WTM | WTM | 0.05% | $1.02 | 1.85% |
| 000230.KS | 000230.KS | 0.04% | $5.33 | 0.12% |
| 000729.SZ | 000729.SZ | 0.04% | $0.00 | 0.84% |
| 001515.KS | 001515.KS | 0.04% | $1.06 | 11.94% |
| 002159.SZ | 002159.SZ | 0.04% | $0.01 | 0.86% |
| 002252.SZ | 002252.SZ | 0.04% | $0.00 | 1.00% |
| 002316.SZ | 002316.SZ | 0.04% | $0.00 | 16.75% |