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 % |
|---|---|---|---|---|
| TC.BK | TC.BK | 6.05% | $0.30 | 42.33% |
| 8984.T | 8984.T | 6.04% | $8,653.99 | 81.69% |
| 0R40.L | 0R40.L | 6.03% | $0.33 | 99.60% |
| 3600.HK | 3600.HK | 6.03% | $0.32 | 34.31% |
| 003460.KS | 003460.KS | 6.02% | $162.45 | 83.00% |
| 298540.KQ | 298540.KQ | 6.02% | $521.44 | 76.58% |
| 6263.TWO | 6263.TWO | 6.02% | $7.86 | 95.87% |
| NZX.NZ | NZX.NZ | 6.02% | $0.09 | 77.46% |
| WLMM3.SA | WLMM3.SA | 6.02% | $1.23 | 40.06% |
| 1760.HK | 1760.HK | 6.01% | $0.12 | 30.56% |
| 5209.KL | 5209.KL | 6.01% | $0.26 | 82.61% |
| ALLAN.PA | ALLAN.PA | 6.01% | $1.96 | 26.09% |
| QAMC.QA | QAMC.QA | 6.00% | $0.10 | 74.36% |
| 0237.HK | 0237.HK | 5.99% | $0.12 | 71.07% |
| 8986.T | 8986.T | 5.99% | $6,829.90 | 63.32% |
| ASX.AX | ASX.AX | 5.99% | $3.08 | 67.16% |
| MKP.TO | MKP.TO | 5.99% | $1.35 | 74.01% |
| 0QMU.L | 0QMU.L | 5.98% | $6.91 | 67.79% |
| 8924.TWO | 8924.TWO | 5.98% | $4.29 | 80.38% |
| FMTY14.MX | FMTY14.MX | 5.98% | $0.93 | 46.45% |
| HUMAN.BK | HUMAN.BK | 5.98% | $0.30 | 74.76% |
| 603368.SS | 603368.SS | 5.97% | $1.06 | 53.83% |
| 6069.HK | 6069.HK | 5.97% | $0.67 | 97.72% |
| ASII.JK | ASII.JK | 5.97% | $405.75 | 50.28% |
| PXT.TO | PXT.TO | 5.97% | $1.12 | 86.22% |
| SB | SB | 5.97% | $0.29 | 64.01% |
| 1562.KL | 1562.KL | 5.96% | $0.08 | 49.23% |
| 8442.TW | 8442.TW | 5.96% | $4.19 | 72.79% |
| NTV.BK | NTV.BK | 5.96% | $1.37 | 66.11% |
| WLE.AX | WLE.AX | 5.96% | $0.08 | 8.04% |
| 094280.KS | 094280.KS | 5.95% | $751.76 | 70.97% |
| O3P.DE | O3P.DE | 5.95% | $1.88 | 98.14% |
| PWO.DE | PWO.DE | 5.95% | $1.75 | 48.89% |
| 0898.HK | 0898.HK | 5.94% | $0.06 | 9.32% |
| 1155.KL | 1155.KL | 5.94% | $0.62 | 72.18% |
| PORT3.SA | PORT3.SA | 5.94% | $1.11 | 73.49% |
| 009680.KS | 009680.KS | 5.93% | $599.08 | 42.49% |
| 3010.SR | 3010.SR | 5.93% | $1.29 | 91.83% |
| PGW.NZ | PGW.NZ | 5.93% | $0.13 | 70.38% |
| 0GX2.L | 0GX2.L | 5.92% | $2.49 | 61.25% |
| 4012.SR | 4012.SR | 5.92% | $0.20 | 89.05% |
| 9585.SR | 9585.SR | 5.92% | $2.01 | 37.97% |
| HEN.DE | HEN.DE | 5.92% | $3.87 | 41.88% |
| KKP.BK | KKP.BK | 5.92% | $4.02 | 63.80% |
| 030000.KS | 030000.KS | 5.91% | $1,232.93 | 68.46% |
| 0RCW.L | 0RCW.L | 5.91% | $8.00 | 99.60% |
| ARSA.ME | ARSA.ME | 5.91% | $0.50 | 52.65% |
| DBM.TO | DBM.TO | 5.91% | $0.56 | 65.99% |
| DU.AE | DU.AE | 5.91% | $0.58 | 95.05% |
| NXR-UN.TO | NXR-UN.TO | 5.91% | $0.47 | 57.77% |