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
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| SONDA.SN | SONDA.SN | 5.46% | $18.78 | 57.64% |
| 0062.HK | 0062.HK | 5.45% | $0.58 | 45.75% |
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| CGCBV.HE | CGCBV.HE | 5.45% | $2.13 | 13.30% |
| LEVE3.SA | LEVE3.SA | 5.45% | $1.83 | 42.42% |
| RATCH-R.BK | RATCH-R.BK | 5.45% | $1.61 | 62.39% |
| 071320.KS | 071320.KS | 5.44% | $5,144.29 | 19.59% |
| 3051.TW | 3051.TW | 5.44% | $1.01 | 72.99% |
| LSIP.JK | LSIP.JK | 5.44% | $64.99 | 23.07% |
| 4580.TWO | 4580.TWO | 5.43% | $4.43 | 79.29% |
| BNBR3.SA | BNBR3.SA | 5.43% | $5.98 | 20.89% |
| 1866.HK | 1866.HK | 5.42% | $0.50 | 22.65% |
| 4207.TWO | 4207.TWO | 5.42% | $1.00 | 61.33% |
| 8955.T | 8955.T | 5.42% | $5,726.89 | 66.85% |
| 8TRA.DE | 8TRA.DE | 5.42% | $1.70 | 47.75% |
| AMATA.BK | AMATA.BK | 5.42% | $0.90 | 33.06% |
| CREC | CREC | 5.42% | $0.59 | 40.15% |
| 9907.TW | 9907.TW | 5.41% | $0.97 | 70.39% |
| 004970.KS | 004970.KS | 5.40% | $499.34 | 56.25% |
| JDE.DE | JDE.DE | 5.40% | $1.72 | 74.35% |
| 0QU6.L | 0QU6.L | 5.39% | $6.39 | 44.68% |
| 3022.TW | 3022.TW | 5.39% | $3.51 | 69.75% |
| 4105.TWO | 4105.TWO | 5.39% | $4.35 | 68.65% |
| BNORDIK-CSE.CO | BNORDIK-CSE.CO | 5.39% | $8.36 | 24.49% |
| 003550.KS | 003550.KS | 5.38% | $4,358.83 | 94.91% |
| 2414.TW | 2414.TW | 5.38% | $2.19 | 71.08% |
| 9627.SR | 9627.SR | 5.38% | $0.66 | 71.63% |
| AMARC.BK | AMARC.BK | 5.38% | $0.14 | 38.50% |
| MDNE3.SA | MDNE3.SA | 5.38% | $1.24 | 29.60% |
| 001286.SZ | 001286.SZ | 5.37% | $0.50 | 64.09% |
| 82020.HK | 82020.HK | 5.37% | $3.89 | 40.14% |
| CCN.PA | CCN.PA | 5.37% | $7.01 | 26.05% |
| ENGH.TO | ENGH.TO | 5.37% | $1.08 | 79.39% |
| G07.SI | G07.SI | 5.37% | $0.82 | 40.54% |
| GEMA.JK | GEMA.JK | 5.37% | $5.15 | 29.14% |
| HNK1.DE | HNK1.DE | 5.37% | $3.71 | 83.13% |
| SELER.PA | SELER.PA | 5.37% | $4.40 | 33.09% |
| 600750.SS | 600750.SS | 5.36% | $1.24 | 93.11% |
| 000883.SZ | 000883.SZ | 5.35% | $0.24 | 93.11% |
| 039570.KS | 039570.KS | 5.35% | $448.00 | 48.81% |
| AB9.DE | AB9.DE | 5.35% | $0.65 | 11.20% |
| CUP.AX | CUP.AX | 5.35% | $0.06 | 8.76% |
| RB.SW | RB.SW | 5.35% | $2.89 | 67.01% |
| 0411.HK | 0411.HK | 5.34% | $0.60 | 27.98% |
| 1342.TW | 1342.TW | 5.34% | $4.76 | 87.76% |
| 9612.SR | 9612.SR | 5.34% | $0.10 | 39.45% |
| 000521.SZ | 000521.SZ | 5.33% | $0.35 | 54.63% |