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 % |
|---|---|---|---|---|
| CU-X.TO | CU-X.TO | 6.70% | $2.31 | 96.15% |
| NAC | NAC | 6.70% | $0.79 | 58.10% |
| SMIT.BK | SMIT.BK | 6.70% | $0.24 | 80.77% |
| FNTN.DE | FNTN.DE | 6.69% | $1.99 | 86.99% |
| 2319.HK | 2319.HK | 6.68% | $1.00 | 99.41% |
| 8963.T | 8963.T | 6.68% | $4,300.61 | 61.53% |
| PLAKR.AT | PLAKR.AT | 6.67% | $0.97 | 34.18% |
| 000540.KS | 000540.KS | 6.66% | $237.38 | 27.99% |
| 2314.HK | 2314.HK | 6.66% | $0.19 | 28.93% |
| 298020.KS | 298020.KS | 6.66% | $14,250.78 | 88.73% |
| CPTGF.BK | CPTGF.BK | 6.66% | $0.34 | 63.33% |
| 0QQG.L | 0QQG.L | 6.65% | $2.88 | 54.24% |
| 9924.TW | 9924.TW | 6.65% | $3.48 | 97.31% |
| AYUD.BK | AYUD.BK | 6.65% | $2.34 | 38.16% |
| BEES3.SA | BEES3.SA | 6.65% | $0.54 | 47.77% |
| DHT | DHT | 6.65% | $0.78 | 62.76% |
| DVLA.JK | DVLA.JK | 6.65% | $110.00 | 71.18% |
| BTB-UN.TO | BTB-UN.TO | 6.64% | $0.27 | 63.41% |
| 0297.HK | 0297.HK | 6.63% | $0.10 | 40.38% |
| 0QQ0.L | 0QQ0.L | 6.63% | $11.16 | 61.27% |
| TTW-R.BK | TTW-R.BK | 6.63% | $0.60 | 76.46% |
| 000001.SZ | 000001.SZ | 6.62% | $0.75 | 33.97% |
| 5519.TW | 5519.TW | 6.62% | $2.17 | 73.27% |
| AKHI.QA | AKHI.QA | 6.62% | $0.15 | 62.13% |
| DEXP3.SA | DEXP3.SA | 6.61% | $0.52 | 35.77% |
| PLZ-UN.TO | PLZ-UN.TO | 6.60% | $0.28 | 87.93% |
| 0900.HK | 0900.HK | 6.59% | $0.48 | 47.12% |
| 4001.SR | 4001.SR | 6.59% | $0.41 | 69.57% |
| 9942.TW | 9942.TW | 6.59% | $6.99 | 83.55% |
| QFLS.QA | QFLS.QA | 6.59% | $1.00 | 96.27% |
| AD-UN.TO | AD-UN.TO | 6.58% | $1.36 | 46.26% |
| ARF.AX | ARF.AX | 6.58% | $0.23 | 67.19% |
| BVI.PA | BVI.PA | 6.58% | $1.77 | 68.58% |
| 9677.HK | 9677.HK | 6.57% | $0.18 | 37.27% |
| LI.PA | LI.PA | 6.57% | $2.19 | 40.55% |
| SIME.KL | SIME.KL | 6.57% | $0.14 | 45.15% |
| KER.PA | KER.PA | 6.56% | $19.99 | 87.42% |
| MING.OL | MING.OL | 6.56% | $13.29 | 42.26% |
| 024090.KS | 024090.KS | 6.55% | $791.65 | 75.82% |
| EMSN.SW | EMSN.SW | 6.55% | $36.01 | 91.24% |
| HVN.AX | HVN.AX | 6.55% | $0.46 | 65.85% |
| LALIN.BK | LALIN.BK | 6.54% | $0.32 | 61.45% |
| 0636.HK | 0636.HK | 6.53% | $0.47 | 28.09% |
| 0JSU.L | 0JSU.L | 6.53% | $5.38 | 34.04% |
| 0QF8.L | 0QF8.L | 6.53% | $0.82 | 92.48% |
| INTR | INTR | 6.53% | $0.55 | 20.40% |
| 0028.HK | 0028.HK | 6.52% | $0.30 | 15.83% |
| 4190.SR | 4190.SR | 6.52% | $0.84 | 99.34% |
| ONEE.BK | ONEE.BK | 6.52% | $0.14 | 89.05% |
| 0119.HK | 0119.HK | 6.51% | $0.13 | 38.03% |