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 % |
|---|---|---|---|---|
| DIB.AE | DIB.AE | 4.96% | $0.47 | 41.66% |
| 002701.SZ | 002701.SZ | 4.95% | $0.29 | 68.18% |
| 3702.TW | 3702.TW | 4.95% | $2.93 | 81.01% |
| 5353.TWO | 5353.TWO | 4.95% | $1.29 | 92.09% |
| 8966.T | 8966.T | 4.95% | $7,784.94 | 62.25% |
| BOBA.JK | BOBA.JK | 4.95% | $9.00 | 50.69% |
| EPG-R.BK | EPG-R.BK | 4.95% | $0.14 | 39.44% |
| MMP-UN.TO | MMP-UN.TO | 4.95% | $0.19 | 37.80% |
| VFQS.QA | VFQS.QA | 4.95% | $0.12 | 80.20% |
| WJX.TO | WJX.TO | 4.95% | $1.37 | 65.74% |
| 0RI3.L | 0RI3.L | 4.94% | $4.49 | 50.07% |
| 3226.T | 3226.T | 4.94% | $6,633.11 | 72.65% |
| 600987.SS | 600987.SS | 4.94% | $0.34 | 47.75% |
| 6596.TWO | 6596.TWO | 4.94% | $6.99 | 37.90% |
| ALLUX.PA | ALLUX.PA | 4.94% | $15.31 | 29.71% |
| 5110.SR | 5110.SR | 4.93% | $0.70 | 51.64% |
| HYPE3.SA | HYPE3.SA | 4.93% | $1.15 | 88.85% |
| 0966.HK | 0966.HK | 4.92% | $0.95 | 21.78% |
| 5213.TWO | 5213.TWO | 4.92% | $1.18 | 37.56% |
| 600295.SS | 600295.SS | 4.92% | $0.61 | 92.93% |
| 6192.TW | 6192.TW | 4.92% | $5.48 | 52.55% |
| E3G1.SG | E3G1.SG | 4.92% | $2.84 | 50.73% |
| XO.BK | XO.BK | 4.92% | $0.72 | 57.45% |
| 059090.KQ | 059090.KQ | 4.91% | $674.36 | 69.83% |
| 0662.HK | 0662.HK | 4.91% | $0.24 | 19.50% |
| 4928.T | 4928.T | 4.91% | $224.94 | 95.68% |
| 600970.SS | 600970.SS | 4.91% | $0.51 | 44.22% |
| 601319.SS | 601319.SS | 4.91% | $0.44 | 42.28% |
| EVLI.HE | EVLI.HE | 4.91% | $1.14 | 92.58% |
| MRX | MRX | 4.91% | $1.86 | 38.69% |
| SPMA.JK | SPMA.JK | 4.91% | $11.97 | 34.68% |
| TABREED.AE | TABREED.AE | 4.91% | $0.16 | 77.99% |
| 081660.KS | 081660.KS | 4.90% | $2,010.62 | 62.73% |
| 300770.SZ | 300770.SZ | 4.90% | $2.08 | 63.80% |
| 7944.T | 7944.T | 4.90% | $174.95 | 64.69% |
| IGT | IGT | 4.90% | $0.80 | 83.51% |
| SYDB.CO | SYDB.CO | 4.90% | $27.57 | 61.30% |
| 7246.KL | 7246.KL | 4.89% | $0.07 | 48.72% |
| 9917.TW | 9917.TW | 4.89% | $5.28 | 80.23% |
| QBE.AX | QBE.AX | 4.89% | $0.97 | 39.27% |
| TRIS3.SA | TRIS3.SA | 4.89% | $0.30 | 25.32% |
| 000877.SZ | 000877.SZ | 4.88% | $0.26 | 93.74% |
| 0236.HK | 0236.HK | 4.88% | $0.06 | 33.49% |
| 4007.SR | 4007.SR | 4.88% | $1.38 | 84.27% |
| 600901.SS | 600901.SS | 4.88% | $0.30 | 54.72% |
| 601098.SS | 601098.SS | 4.88% | $0.55 | 62.37% |
| SPIE.PA | SPIE.PA | 4.88% | $2.40 | 95.87% |
| TOTO.JK | TOTO.JK | 4.88% | $13.17 | 36.11% |
| 002035.SZ | 002035.SZ | 4.87% | $0.30 | 57.45% |
| 002807.SZ | 002807.SZ | 4.87% | $0.22 | 25.03% |