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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| FEML.L | FEML.L | 0.04% | $0.47 | 12.41% |
| FEVR.L | FEVR.L | 0.04% | $0.32 | 84.93% |
| FIBI.TA | FIBI.TA | 0.04% | $9.29 | 39.49% |
| FOXT.L | FOXT.L | 0.04% | $0.02 | 27.46% |
| HUW.L | HUW.L | 0.04% | $0.09 | 19.25% |
| ICGT.L | ICGT.L | 0.04% | $0.59 | 30.88% |
| IMCO.TA | IMCO.TA | 0.04% | $3.29 | 48.38% |
| INKAT.AT | INKAT.AT | 0.04% | $0.00 | 10.90% |
| JBNK.TA | JBNK.TA | 0.04% | $0.92 | 33.59% |
| KMSMEDI.BO | KMSMEDI.BO | 0.04% | $0.05 | 3.75% |
| KSB.BO | KSB.BO | 0.04% | $0.30 | 5.78% |
| KSTN.TA | KSTN.TA | 0.04% | $0.41 | 14.20% |
| LTG.L | LTG.L | 0.04% | $0.04 | 42.32% |
| MNIN.TA | MNIN.TA | 0.04% | $0.60 | 52.80% |
| MNL.L | MNL.L | 0.04% | $0.29 | 5.02% |
| MNRT.TA | MNRT.TA | 0.04% | $0.09 | 43.21% |
| MZTF.TA | MZTF.TA | 0.04% | $9.09 | 42.93% |
| NAS.L | NAS.L | 0.04% | $0.16 | 18.58% |
| NCS.JO | NCS.JO | 0.04% | $0.11 | 18.85% |
| NTBK.JK | NTBK.JK | 0.04% | $0.05 | 15.60% |
| NTML.TA | NTML.TA | 0.04% | $5.75 | 50.55% |
| PCFT.L | PCFT.L | 0.04% | $0.08 | 11.44% |
| PLSN.TA | PLSN.TA | 0.04% | $7.51 | 46.91% |
| POLP.TA | POLP.TA | 0.04% | $0.36 | 73.23% |
| PRKM.TA | PRKM.TA | 0.04% | $0.15 | 98.03% |
| QNCO.TA | QNCO.TA | 0.04% | $0.25 | 25.53% |
| QXT.L | QXT.L | 0.04% | $0.08 | 25.96% |
| REL.L | REL.L | 0.04% | $1.22 | 59.37% |
| RIII.L | RIII.L | 0.04% | $0.88 | 25.62% |
| RMLI.TA | RMLI.TA | 0.04% | $15.74 | 99.74% |
| RMV.L | RMV.L | 0.04% | $0.19 | 37.47% |
| RNWH.L | RNWH.L | 0.04% | $0.38 | 32.99% |
| RSW.L | RSW.L | 0.04% | $1.52 | 61.36% |
| RTO.L | RTO.L | 0.04% | $0.16 | 66.67% |
| SAA.L | SAA.L | 0.04% | $0.05 | 29.64% |
| SEMG.TA | SEMG.TA | 0.04% | $0.12 | 25.79% |
| SRP.L | SRP.L | 0.04% | $0.10 | 53.68% |
| STS.L | STS.L | 0.04% | $0.09 | 23.76% |
| SXS.L | SXS.L | 0.04% | $1.63 | 49.01% |
| TKG.JO | TKG.JO | 0.04% | $2.62 | 13.02% |
| TRD.L | TRD.L | 0.04% | $0.11 | 77.03% |
| VKE.JO | VKE.JO | 0.04% | $1.08 | 22.42% |
| VNET.L | VNET.L | 0.04% | $0.03 | 36.30% |
| WCW.L | WCW.L | 0.04% | $0.01 | 0.53% |
| WPH.BK | WPH.BK | 0.04% | $0.00 | 0.43% |
| XPS.L | XPS.L | 0.04% | $0.15 | 11.25% |
| 000007.SZ | 000007.SZ | 0.03% | $0.00 | 2.10% |
| 000506.SZ | 000506.SZ | 0.03% | $0.00 | 8.96% |
| 000625.SZ | 000625.SZ | 0.03% | $0.00 | 0.60% |
| 000636.SZ | 000636.SZ | 0.03% | $0.00 | 1.81% |