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 % |
|---|---|---|---|---|
| PBY-UN.TO | PBY-UN.TO | 6.89% | $1.10 | 43.72% |
| 002267.SZ | 002267.SZ | 6.88% | $0.52 | 85.38% |
| 0590.HK | 0590.HK | 6.88% | $1.64 | 33.93% |
| 0QPD.L | 0QPD.L | 6.88% | $14.00 | 66.23% |
| 8967.T | 8967.T | 6.88% | $7,165.67 | 91.03% |
| 3356.TW | 3356.TW | 6.87% | $3.25 | 61.01% |
| OPUS.BD | OPUS.BD | 6.87% | $37.73 | 85.10% |
| INK.WA | INK.WA | 6.86% | $2.52 | 41.25% |
| NLB.IL | NLB.IL | 6.86% | $2.47 | 49.72% |
| 0148.HK | 0148.HK | 6.85% | $2.03 | 45.96% |
| 3592.TW | 3592.TW | 6.85% | $15.14 | 68.63% |
| ABEV3.SA | ABEV3.SA | 6.85% | $0.93 | 91.30% |
| ETER3.SA | ETER3.SA | 6.85% | $0.28 | 35.41% |
| HTC-R.BK | HTC-R.BK | 6.85% | $1.02 | 69.98% |
| PBA | PBA | 6.85% | $2.64 | 86.47% |
| 2527.TW | 2527.TW | 6.84% | $2.00 | 48.52% |
| 3466.T | 3466.T | 6.84% | $10,849.36 | 75.97% |
| KLINIQ.BK | KLINIQ.BK | 6.82% | $1.46 | 90.74% |
| LPF.BK | LPF.BK | 6.82% | $0.73 | 83.53% |
| CLWT | CLWT | 6.81% | $0.08 | 24.63% |
| TMD.BK | TMD.BK | 6.80% | $1.77 | 75.56% |
| FID.AX | FID.AX | 6.79% | $0.79 | 74.24% |
| NNND.F | NNND.F | 6.79% | $4.68 | 20.82% |
| RIC.AX | RIC.AX | 6.79% | $0.18 | 67.95% |
| 8961.T | 8961.T | 6.78% | $5,291.84 | 68.53% |
| CENCOSHOPP.SN | CENCOSHOPP.SN | 6.78% | $94.93 | 75.52% |
| COVH.PA | COVH.PA | 6.78% | $1.54 | 87.52% |
| FLOYD.BK | FLOYD.BK | 6.78% | $0.08 | 34.43% |
| ALGIR.PA | ALGIR.PA | 6.77% | $1.00 | 32.73% |
| 0144.HK | 0144.HK | 6.76% | $1.03 | 29.79% |
| 0512.HK | 0512.HK | 6.76% | $0.53 | 41.13% |
| TOG.BK | TOG.BK | 6.76% | $0.45 | 66.31% |
| SSF.BK | SSF.BK | 6.75% | $0.34 | 66.42% |
| 0RU6.L | 0RU6.L | 6.74% | $13.98 | 53.75% |
| 2313.HK | 2313.HK | 6.74% | $4.18 | 53.04% |
| 600188.SS | 600188.SS | 6.74% | $0.89 | 77.55% |
| 0QO2.L | 0QO2.L | 6.73% | $9.31 | 88.33% |
| 82331.HK | 82331.HK | 6.73% | $1.13 | 50.46% |
| TBR.AX | TBR.AX | 6.73% | $0.40 | 55.86% |
| 200512.SZ | 200512.SZ | 6.72% | $0.21 | 74.88% |
| C07.SI | C07.SI | 6.72% | $2.28 | 47.91% |
| GISS.QA | GISS.QA | 6.72% | $0.17 | 45.22% |
| MELG.OL | MELG.OL | 6.72% | $13.50 | 25.36% |
| SGP.AX | SGP.AX | 6.72% | $0.39 | 82.32% |
| UNI.AX | UNI.AX | 6.72% | $0.54 | 81.02% |
| 0R6M.L | 0R6M.L | 6.71% | $11.00 | 31.38% |
| CEEB3.SA | CEEB3.SA | 6.71% | $3.02 | 37.99% |
| 017940.KS | 017940.KS | 6.70% | $5,410.21 | 82.17% |
| 3080.SR | 3080.SR | 6.70% | $1.60 | 56.11% |
| CNQ | CNQ | 6.70% | $2.30 | 71.45% |