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 % |
|---|---|---|---|---|
| FGG.AX | FGG.AX | 7.59% | $0.12 | 35.11% |
| WINNER.BK | WINNER.BK | 7.59% | $0.16 | 77.25% |
| 1666.HK | 1666.HK | 7.58% | $0.34 | 39.83% |
| ALHOP.PA | ALHOP.PA | 7.58% | $1.00 | 34.20% |
| 4305.TWO | 4305.TWO | 7.57% | $3.18 | 86.35% |
| KLEE-B.CO | KLEE-B.CO | 7.57% | $284.46 | 57.64% |
| TACC.BK | TACC.BK | 7.56% | $0.39 | 86.66% |
| PCC.BK | PCC.BK | 7.55% | $0.20 | 54.85% |
| 2180.HK | 2180.HK | 7.54% | $0.39 | 30.76% |
| BASGZ.IS | BASGZ.IS | 7.54% | $3.43 | 64.56% |
| ISAE4.SA | ISAE4.SA | 7.54% | $2.03 | 45.68% |
| TRPL4.SA | TRPL4.SA | 7.53% | $1.88 | 37.46% |
| QH-R.BK | QH-R.BK | 7.52% | $0.10 | 63.63% |
| 0189.HK | 0189.HK | 7.51% | $0.82 | 67.14% |
| 3034.KL | 3034.KL | 7.50% | $0.21 | 89.85% |
| 9985.HK | 9985.HK | 7.50% | $0.83 | 87.47% |
| CBQK.QA | CBQK.QA | 7.50% | $0.32 | 48.96% |
| BMGB4.SA | BMGB4.SA | 7.49% | $0.37 | 67.48% |
| DJW.AX | DJW.AX | 7.49% | $0.23 | 78.76% |
| JSMR.JK | JSMR.JK | 7.49% | $256.81 | 47.02% |
| TGMA3.SA | TGMA3.SA | 7.49% | $2.73 | 65.23% |
| 014440.KS | 014440.KS | 7.48% | $350.99 | 38.29% |
| CPW.BK | CPW.BK | 7.48% | $0.15 | 85.48% |
| 003080.KS | 003080.KS | 7.47% | $205.00 | 9.79% |
| 226320.KS | 226320.KS | 7.47% | $887.84 | 95.70% |
| AYGAZ.IS | AYGAZ.IS | 7.47% | $14.79 | 93.51% |
| 3290.T | 3290.T | 7.46% | $6,781.07 | 66.29% |
| TOTL.JK | TOTL.JK | 7.46% | $75.00 | 67.24% |
| 1497.HK | 1497.HK | 7.45% | $0.44 | 61.94% |
| ANIM.MI | ANIM.MI | 7.45% | $0.45 | 55.56% |
| DCC-R.BK | DCC-R.BK | 7.45% | $0.09 | 81.26% |
| 0751.HK | 0751.HK | 7.44% | $0.39 | 53.99% |
| 8957.T | 8957.T | 7.44% | $15,400.20 | 79.77% |
| 2504.TW | 2504.TW | 7.43% | $2.81 | 86.16% |
| KEPL3.SA | KEPL3.SA | 7.43% | $0.73 | 89.80% |
| POLY.BK | POLY.BK | 7.43% | $0.52 | 88.16% |
| XTB.WA | XTB.WA | 7.43% | $5.46 | 79.70% |
| TIPH.BK | TIPH.BK | 7.42% | $1.54 | 76.50% |
| ALFRE.PA | ALFRE.PA | 7.40% | $0.16 | 23.60% |
| RING.OL | RING.OL | 7.40% | $30.80 | 74.39% |
| SEAOIL.BK | SEAOIL.BK | 7.39% | $0.22 | 46.45% |
| IRC.BK | IRC.BK | 7.36% | $0.87 | 90.55% |
| ILM-R.BK | ILM-R.BK | 7.34% | $1.00 | 67.79% |
| SHIP | SHIP | 7.34% | $0.67 | 91.71% |
| 5009.TWO | 5009.TWO | 7.33% | $2.34 | 77.68% |
| 9922.HK | 9922.HK | 7.33% | $0.14 | 55.41% |
| 8977.T | 8977.T | 7.32% | $12,179.91 | 95.79% |
| BAREIT.BK | BAREIT.BK | 7.32% | $0.75 | 89.39% |
| SIDO.JK | SIDO.JK | 7.32% | $39.55 | 96.37% |
| 0QQK.L | 0QQK.L | 7.31% | $2.89 | 80.26% |