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 % |
|---|---|---|---|---|
| BTBT | BTBT | 0.25% | $0.01 | 1.17% |
| PVH | PVH | 0.25% | $0.17 | 2.41% |
| AEL | AEL | 0.24% | $0.14 | 2.19% |
| CRS | CRS | 0.24% | $0.80 | 9.74% |
| L | L | 0.24% | $0.25 | 3.58% |
| PRIM | PRIM | 0.23% | $0.30 | 5.83% |
| TER | TER | 0.23% | $0.48 | 17.39% |
| FOCS | FOCS | 0.22% | $0.12 | 19.23% |
| QCRH | QCRH | 0.22% | $0.18 | 2.50% |
| RMAX | RMAX | 0.22% | $0.02 | 2.70% |
| VSEC | VSEC | 0.22% | $0.40 | 30.98% |
| 0J5I.L | 0J5I.L | 0.21% | $0.60 | 8.71% |
| PRVAX | PRVAX | 0.21% | $0.02 | 89.04% |
| ACA | ACA | 0.19% | $0.20 | 6.66% |
| HWM | HWM | 0.19% | $0.40 | 11.24% |
| USLM | USLM | 0.19% | $0.23 | 5.04% |
| AEIS | AEIS | 0.18% | $0.40 | 10.65% |
| BELFA | BELFA | 0.18% | $0.28 | 5.31% |
| TILE | TILE | 0.18% | $0.05 | 2.63% |
| 0K05.L | 0K05.L | 0.17% | $0.02 | 78.63% |
| AYI | AYI | 0.17% | $0.65 | 5.19% |
| BDC | BDC | 0.17% | $0.20 | 3.53% |
| FIX | FIX | 0.17% | $1.70 | 7.18% |
| KNSL | KNSL | 0.17% | $0.66 | 3.24% |
| STCN | STCN | 0.17% | $0.02 | 1.98% |
| VVI | VVI | 0.17% | $0.07 | 0.54% |
| ALNT | ALNT | 0.16% | $0.09 | 7.91% |
| CLSK | CLSK | 0.16% | $0.02 | 1.41% |
| EME | EME | 0.16% | $1.01 | 4.01% |
| ESE | ESE | 0.16% | $0.32 | 2.76% |
| CW | CW | 0.15% | $0.87 | 7.08% |
| MU | MU | 0.15% | $0.46 | 6.11% |
| SPCMU | SPCMU | 0.15% | $0.02 | 1.33% |
| ENSG | ENSG | 0.14% | $0.24 | 4.34% |
| JBL | JBL | 0.14% | $0.33 | 5.48% |
| PFIE | PFIE | 0.14% | $0.00 | 1.99% |
| 0R0A.L | 0R0A.L | 0.13% | $0.02 | 5.24% |
| GNW | GNW | 0.13% | $0.01 | 2.27% |
| ONIT | ONIT | 0.13% | $0.06 | 1.46% |
| 0A7O.L | 0A7O.L | 0.12% | $0.19 | 0.73% |
| 0KGS.L | 0KGS.L | 0.12% | $0.07 | 4.63% |
| PRTAX | PRTAX | 0.12% | $0.01 | 89.04% |
| WDC | WDC | 0.12% | $0.22 | 3.25% |
| GEV | GEV | 0.11% | $0.75 | 12.15% |
| MPLF.L | MPLF.L | 0.11% | $0.07 | 92.98% |
| EPAC | EPAC | 0.10% | $0.04 | 2.34% |
| GRBK | GRBK | 0.10% | $0.07 | 0.85% |
| IR | IR | 0.10% | $0.08 | 5.89% |
| RAL | RAL | 0.10% | $0.05 | 2.75% |
| TXT | TXT | 0.10% | $0.08 | 1.79% |