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 % |
|---|---|---|---|---|
| PZU.WA | PZU.WA | 6.34% | $4.34 | 61.18% |
| TIMS3.SA | TIMS3.SA | 6.34% | $1.37 | 82.19% |
| 5027.KL | 5027.KL | 6.33% | $0.15 | 90.58% |
| 600177.SS | 600177.SS | 6.33% | $0.48 | 85.43% |
| MQG.AX | MQG.AX | 6.33% | $12.89 | 67.45% |
| 1286.HK | 1286.HK | 6.32% | $0.32 | 47.46% |
| 2199.HK | 2199.HK | 6.32% | $0.15 | 51.30% |
| 4331.SR | 4331.SR | 6.32% | $0.74 | 71.72% |
| 8284.TWO | 8284.TWO | 6.32% | $3.99 | 88.71% |
| B7E.DE | B7E.DE | 6.32% | $1.09 | 45.09% |
| SHAF.SW | SHAF.SW | 6.32% | $0.46 | 99.67% |
| 2069.TW | 2069.TW | 6.31% | $1.16 | 72.53% |
| 603369.SS | 603369.SS | 6.31% | $2.20 | 95.23% |
| 035600.KQ | 035600.KQ | 6.30% | $640.74 | 33.42% |
| 3859.KL | 3859.KL | 6.30% | $0.09 | 63.20% |
| 600582.SS | 600582.SS | 6.29% | $0.37 | 54.45% |
| 6281.TW | 6281.TW | 6.29% | $3.97 | 96.34% |
| 8953.T | 8953.T | 6.29% | $7,808.75 | 82.66% |
| KYE.BK | KYE.BK | 6.29% | $17.80 | 46.83% |
| 3130.TW | 3130.TW | 6.28% | $14.07 | 98.54% |
| 601658.SS | 601658.SS | 6.28% | $0.34 | 46.63% |
| 005257.KS | 005257.KS | 6.27% | $1,649.85 | 33.43% |
| 4138.TWO | 4138.TWO | 6.27% | $3.77 | 85.97% |
| 4383.KL | 4383.KL | 6.27% | $0.07 | 40.20% |
| AH-R.BK | AH-R.BK | 6.27% | $0.79 | 35.60% |
| 1093.HK | 1093.HK | 6.26% | $0.53 | 59.84% |
| 1397.HK | 1397.HK | 6.26% | $0.07 | 21.64% |
| 005440.KS | 005440.KS | 6.25% | $501.53 | 14.65% |
| 0506.HK | 0506.HK | 6.25% | $0.27 | 44.98% |
| 0RFX.L | 0RFX.L | 6.25% | $14.00 | 34.79% |
| 1345.HK | 1345.HK | 6.25% | $0.14 | 61.06% |
| M-PAT.BK | M-PAT.BK | 6.25% | $0.12 | 67.74% |
| PRV-UN.TO | PRV-UN.TO | 6.25% | $0.41 | 77.89% |
| 2006.TW | 2006.TW | 6.24% | $3.99 | 66.06% |
| 600867.SS | 600867.SS | 6.24% | $0.51 | 80.83% |
| CEKA.JK | CEKA.JK | 6.22% | $149.79 | 33.39% |
| TSFA.F | TSFA.F | 6.22% | $17.00 | 27.78% |
| 002061.SZ | 002061.SZ | 6.21% | $0.25 | 55.66% |
| 003410.KS | 003410.KS | 6.21% | $434.43 | 84.58% |
| 6170.TWO | 6170.TWO | 6.21% | $3.08 | 64.20% |
| 7480.T | 7480.T | 6.21% | $104.59 | 87.83% |
| HMPRO-R.BK | HMPRO-R.BK | 6.21% | $0.41 | 87.39% |
| IPCC.JK | IPCC.JK | 6.21% | $86.96 | 64.44% |
| 4532.TW | 4532.TW | 6.20% | $1.51 | 72.65% |
| OPM.PA | OPM.PA | 6.20% | $1.02 | 44.93% |
| BCVN.SW | BCVN.SW | 6.19% | $6.21 | 68.66% |
| MF.PA | MF.PA | 6.19% | $5.05 | 81.14% |
| OVS.MI | OVS.MI | 6.19% | $0.30 | 79.04% |
| A5G.IR | A5G.IR | 6.18% | $0.58 | 48.87% |
| BEK-B.TO | BEK-B.TO | 6.18% | $0.80 | 47.42% |