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 % |
|---|---|---|---|---|
| 1908.HK | 1908.HK | 7.31% | $1.12 | 25.81% |
| 2529.HK | 2529.HK | 7.31% | $0.22 | 24.64% |
| BMOB3.SA | BMOB3.SA | 7.31% | $1.61 | 92.50% |
| CAMB3.SA | CAMB3.SA | 7.30% | $0.72 | 45.75% |
| CIP.AX | CIP.AX | 7.30% | $0.24 | 84.35% |
| NEO.BK | NEO.BK | 7.30% | $1.35 | 50.11% |
| QTC.BK | QTC.BK | 7.30% | $0.25 | 97.23% |
| WHATS.BR | WHATS.BR | 7.29% | $8.20 | 32.94% |
| C5H.IR | C5H.IR | 7.28% | $0.15 | 44.15% |
| DOHI.QA | DOHI.QA | 7.28% | $0.19 | 46.40% |
| STRN.SW | STRN.SW | 7.28% | $1.50 | 52.09% |
| HDN.AX | HDN.AX | 7.27% | $0.10 | 62.96% |
| IPCM.JK | IPCM.JK | 7.27% | $26.19 | 77.38% |
| O39.SI | O39.SI | 7.27% | $1.44 | 49.91% |
| THIP.BK | THIP.BK | 7.27% | $1.64 | 50.43% |
| C6L.SI | C6L.SI | 7.26% | $0.47 | 45.79% |
| SAPPE.BK | SAPPE.BK | 7.26% | $2.23 | 82.18% |
| QIP.AX | QIP.AX | 7.25% | $0.13 | 92.42% |
| KUOA.MX | KUOA.MX | 7.24% | $4.34 | 64.64% |
| OYY.SI | OYY.SI | 7.24% | $0.14 | 93.41% |
| 7035.KL | 7035.KL | 7.23% | $0.09 | 76.61% |
| SOGN.OL | SOGN.OL | 7.22% | $20.00 | 11.36% |
| 0QN6.L | 0QN6.L | 7.21% | $7.25 | 63.89% |
| WBC.AX | WBC.AX | 7.21% | $2.81 | 74.44% |
| 120110.KS | 120110.KS | 7.20% | $3,060.76 | 98.52% |
| MILS3.SA | MILS3.SA | 7.20% | $1.01 | 81.51% |
| UZU.DE | UZU.DE | 7.20% | $5.11 | 46.82% |
| 3296.T | 3296.T | 7.19% | $7,108.47 | 63.73% |
| 600035.SS | 600035.SS | 7.19% | $0.28 | 66.74% |
| 036460.KS | 036460.KS | 7.17% | $2,752.50 | 29.13% |
| HABITAT.SN | HABITAT.SN | 7.17% | $110.00 | 70.97% |
| ITUB3.SA | ITUB3.SA | 7.17% | $2.60 | 64.54% |
| SAMF.JK | SAMF.JK | 7.17% | $22.22 | 85.61% |
| 0HM0.L | 0HM0.L | 7.16% | $7.00 | 36.73% |
| VLS.AX | VLS.AX | 7.16% | $0.18 | 55.52% |
| CRBN.AS | CRBN.AS | 7.15% | $1.34 | 55.86% |
| 0586.HK | 0586.HK | 7.14% | $0.69 | 29.51% |
| 600011.SS | 600011.SS | 7.14% | $0.53 | 57.39% |
| IFII.JK | IFII.JK | 7.14% | $16.00 | 70.24% |
| UNTR.JK | UNTR.JK | 7.14% | $2,150.12 | 50.66% |
| 4987.TWO | 4987.TWO | 7.12% | $5.18 | 85.38% |
| 2328.HK | 2328.HK | 7.11% | $1.18 | 42.87% |
| CXSE3.SA | CXSE3.SA | 7.11% | $1.18 | 80.41% |
| PUB.PA | PUB.PA | 7.11% | $6.23 | 49.76% |
| 600057.SS | 600057.SS | 7.10% | $0.61 | 77.47% |
| MYPK3.SA | MYPK3.SA | 7.09% | $0.70 | 51.81% |
| PRM-R.BK | PRM-R.BK | 7.09% | $0.49 | 49.90% |
| 601187.SS | 601187.SS | 7.08% | $0.52 | 52.74% |
| 014130.KS | 014130.KS | 7.07% | $213.25 | 20.61% |
| 0NY3.L | 0NY3.L | 7.07% | $9.19 | 44.77% |