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 | $263.70 | |
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 | 0.39% | 0.37% | 0.36% | 0.34% | 0.33% | 0.30% | 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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| QRI.AX | QRI.AX | 15.90% | $0.25 | 94.00% |
| 9172.KL | 9172.KL | 15.89% | $0.18 | 72.55% |
| 1099.HK | 1099.HK | 15.88% | $3.13 | 63.13% |
| XBBDC.MC | XBBDC.MC | 15.82% | $0.46 | 23.31% |
| LPIN.JK | LPIN.JK | 15.59% | $69.53 | 96.86% |
| LFG.AX | LFG.AX | 15.46% | $0.66 | 79.98% |
| ALPDX.PA | ALPDX.PA | 15.43% | $2.00 | 88.06% |
| 2660.HK | 2660.HK | 15.29% | $0.39 | 42.93% |
| CD3.AX | CD3.AX | 15.14% | $0.17 | 91.41% |
| PAGS | PAGS | 15.12% | $1.46 | 19.46% |
| 0912.HK | 0912.HK | 15.10% | $0.16 | 69.91% |
| RUI.PA | RUI.PA | 15.03% | $4.87 | 72.73% |
| WAM.AX | WAM.AX | 15.01% | $0.27 | 67.95% |
| 0113.HK | 0113.HK | 15.00% | $0.84 | 67.46% |
| 0830.HK | 0830.HK | 14.96% | $0.18 | 34.59% |
| FFARM.AS | FFARM.AS | 14.96% | $0.67 | 85.82% |
| BM.BK | BM.BK | 14.94% | $0.17 | 77.02% |
| DGS.TO | DGS.TO | 14.90% | $1.15 | 29.30% |
| 6110.HK | 6110.HK | 14.83% | $0.43 | 76.21% |
| GLB.AX | GLB.AX | 14.83% | $0.38 | 72.14% |
| MOT.AX | MOT.AX | 14.82% | $0.28 | 79.33% |
| CIQ-UN.TO | CIQ-UN.TO | 14.80% | $1.04 | 24.28% |
| BBVA.DE | BBVA.DE | 14.69% | $0.64 | 38.92% |
| 601169.SS | 601169.SS | 14.63% | $0.80 | 64.51% |
| 0184.HK | 0184.HK | 14.62% | $0.31 | 23.90% |
| 0881.HK | 0881.HK | 14.56% | $1.70 | 65.93% |
| 6626.HK | 6626.HK | 14.51% | $0.36 | 64.32% |
| ALNU.ME | ALNU.ME | 14.51% | $9,491.66 | 54.89% |
| NONG.OL | NONG.OL | 14.36% | $21.73 | 72.60% |
| 0640.HK | 0640.HK | 14.32% | $0.36 | 51.92% |
| 2558.HK | 2558.HK | 14.28% | $0.20 | 31.14% |
| 0270.HK | 0270.HK | 14.27% | $0.98 | 99.44% |
| 0517.HK | 0517.HK | 14.01% | $0.88 | 88.71% |
| 2560.HK | 2560.HK | 14.01% | $0.24 | 49.79% |
| WTCM.ME | WTCM.ME | 13.98% | $1.99 | 24.33% |
| 6186.HK | 6186.HK | 13.94% | $0.56 | 81.20% |
| 601186.SS | 601186.SS | 13.92% | $1.07 | 64.40% |
| CFEB.BR | CFEB.BR | 13.92% | $1.21 | 71.32% |
| PMV.AX | PMV.AX | 13.92% | $1.92 | 51.67% |
| 601229.SS | 601229.SS | 13.82% | $1.40 | 93.74% |
| 2120.HK | 2120.HK | 13.78% | $1.37 | 69.01% |
| DLNG | DLNG | 13.72% | $0.51 | 31.08% |
| MXT.AX | MXT.AX | 13.71% | $0.27 | 85.17% |
| 0085.HK | 0085.HK | 13.70% | $0.19 | 47.52% |
| 0046.HK | 0046.HK | 13.69% | $0.22 | 85.50% |
| 601328.SS | 601328.SS | 13.66% | $0.99 | 92.22% |
| AKER.OL | AKER.OL | 13.66% | $106.43 | 72.10% |