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 % |
|---|---|---|---|---|
| 000676.SZ | 000676.SZ | 0.03% | $0.00 | 2.13% |
| 000681.SZ | 000681.SZ | 0.03% | $0.01 | 4.98% |
| 002177.SZ | 002177.SZ | 0.03% | $0.00 | 22.86% |
| 002445.SZ | 002445.SZ | 0.03% | $0.00 | 1.52% |
| 002523.SZ | 002523.SZ | 0.03% | $0.00 | 1.62% |
| 002576.SZ | 002576.SZ | 0.03% | $0.00 | 0.93% |
| 0247.HK | 0247.HK | 0.03% | $0.01 | 0.27% |
| 1256.TW | 1256.TW | 0.03% | $0.04 | 0.46% |
| 1729.HK | 1729.HK | 0.03% | $0.01 | 1.66% |
| 2115.TW | 2115.TW | 0.03% | $0.01 | 0.32% |
| 300114.SZ | 300114.SZ | 0.03% | $0.02 | 12.04% |
| 300150.SZ | 300150.SZ | 0.03% | $0.00 | 2.39% |
| 300153.SZ | 300153.SZ | 0.03% | $0.01 | 5.63% |
| 300343.SZ | 300343.SZ | 0.03% | $0.00 | 3.68% |
| 300462.SZ | 300462.SZ | 0.03% | $0.00 | 1.84% |
| 300631.SZ | 300631.SZ | 0.03% | $0.01 | 1.35% |
| 301005.SZ | 301005.SZ | 0.03% | $0.04 | 42.05% |
| 5273.KL | 5273.KL | 0.03% | $0.00 | 2.15% |
| 600557.SS | 600557.SS | 0.03% | $0.00 | 1.05% |
| 600650.SS | 600650.SS | 0.03% | $0.00 | 1.75% |
| 600897.SS | 600897.SS | 0.03% | $0.00 | 0.46% |
| 603718.SS | 603718.SS | 0.03% | $0.00 | 0.72% |
| 603922.SS | 603922.SS | 0.03% | $0.01 | 6.14% |
| 688082.SS | 688082.SS | 0.03% | $0.06 | 1.58% |
| 688234.SS | 688234.SS | 0.03% | $0.03 | 39.46% |
| 688333.SS | 688333.SS | 0.03% | $0.03 | 3.90% |
| 7699.T | 7699.T | 0.03% | $0.27 | 43.84% |
| AAS.L | AAS.L | 0.03% | $0.10 | 12.84% |
| ALW.L | ALW.L | 0.03% | $0.44 | 23.61% |
| ANCR.L | ANCR.L | 0.03% | $0.08 | 16.15% |
| AVIV.TA | AVIV.TA | 0.03% | $0.53 | 42.92% |
| BKFR.TA | BKFR.TA | 0.03% | $0.43 | 26.09% |
| BSV.L | BSV.L | 0.03% | $0.02 | 42.50% |
| BUT.L | BUT.L | 0.03% | $0.41 | 14.61% |
| CCJI.L | CCJI.L | 0.03% | $0.07 | 13.56% |
| CEY.L | CEY.L | 0.03% | $0.04 | 54.65% |
| CHAM.SW | CHAM.SW | 0.03% | $0.01 | 0.25% |
| CHRT.L | CHRT.L | 0.03% | $0.29 | 34.93% |
| CMCX.L | CMCX.L | 0.03% | $0.08 | 15.59% |
| DOTD.L | DOTD.L | 0.03% | $0.02 | 25.51% |
| EXPN.L | EXPN.L | 0.03% | $1.14 | 44.28% |
| FAN.L | FAN.L | 0.03% | $0.18 | 42.00% |
| FFB.JO | FFB.JO | 0.03% | $0.70 | 14.03% |
| FRAN.L | FRAN.L | 0.03% | $0.05 | 56.44% |
| GAZA.ME | GAZA.ME | 0.03% | $0.16 | 0.10% |
| GSCT.L | GSCT.L | 0.03% | $0.05 | 3.77% |
| GSFI.TA | GSFI.TA | 0.03% | $0.84 | 58.60% |
| ILDC.TA | ILDC.TA | 0.03% | $1.40 | 45.43% |
| JD.L | JD.L | 0.03% | $0.03 | 15.92% |
| JDG.L | JDG.L | 0.03% | $1.81 | 47.10% |