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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|---|---|---|---|---|
| 0QLX.L | 0QLX.L | 4.87% | $39.89 | 32.62% |
| 6418.T | 6418.T | 4.86% | $49.98 | 71.76% |
| A2A.MI | A2A.MI | 4.86% | $0.11 | 47.95% |
| GEST.MC | GEST.MC | 4.86% | $0.15 | 50.80% |
| 2296.HK | 2296.HK | 4.85% | $0.05 | 78.87% |
| 7004.T | 7004.T | 4.85% | $46.09 | 36.42% |
| 001630.KS | 001630.KS | 4.84% | $2,194.23 | 30.09% |
| 020000.KS | 020000.KS | 4.84% | $749.99 | 41.55% |
| 0906.HK | 0906.HK | 4.84% | $0.34 | 39.95% |
| 603323.SS | 603323.SS | 4.84% | $0.24 | 24.36% |
| ESEA | ESEA | 4.84% | $2.62 | 15.15% |
| JPFA.JK | JPFA.JK | 4.84% | $140.43 | 48.97% |
| LPH.BK | LPH.BK | 4.84% | $0.18 | 77.89% |
| PTNT3.SA | PTNT3.SA | 4.84% | $0.42 | 43.56% |
| 002100.KS | 002100.KS | 4.83% | $449.74 | 46.25% |
| 3IT.F | 3IT.F | 4.83% | $0.67 | 47.79% |
| ME8U.SI | ME8U.SI | 4.83% | $0.10 | 84.21% |
| SOAG.OL | SOAG.OL | 4.83% | $21.88 | 42.41% |
| 0693.HK | 0693.HK | 4.82% | $0.10 | 28.87% |
| 2152.HK | 2152.HK | 4.82% | $0.27 | 19.91% |
| BDMN.JK | BDMN.JK | 4.82% | $119.56 | 31.76% |
| EKAD.JK | EKAD.JK | 4.82% | $8.87 | 98.38% |
| PTG-R.BK | PTG-R.BK | 4.82% | $0.34 | 62.48% |
| VEND.OL | VEND.OL | 4.82% | $17.24 | 49.52% |
| 1890.HK | 1890.HK | 4.81% | $0.06 | 16.29% |
| BASS.PA | BASS.PA | 4.81% | $2.46 | 28.93% |
| DEYAAR.AE | DEYAAR.AE | 4.81% | $0.05 | 40.79% |
| SDF.AX | SDF.AX | 4.81% | $0.26 | 50.20% |
| SXE.AX | SXE.AX | 4.81% | $0.12 | 59.32% |
| HPOL-B.ST | HPOL-B.ST | 4.80% | $4.21 | 74.04% |
| MEGA-R.BK | MEGA-R.BK | 4.80% | $1.61 | 70.67% |
| PTL-R.BK | PTL-R.BK | 4.80% | $0.40 | 81.34% |
| 000828.SZ | 000828.SZ | 4.79% | $0.52 | 50.35% |
| 002372.SZ | 002372.SZ | 4.79% | $0.50 | 90.51% |
| 002736.SZ | 002736.SZ | 4.79% | $0.63 | 51.57% |
| 600612.SS | 600612.SS | 4.79% | $2.13 | 69.19% |
| 6285.TW | 6285.TW | 4.79% | $4.79 | 75.15% |
| 6642.TWO | 6642.TWO | 4.79% | $2.50 | 94.93% |
| BSGR.AS | BSGR.AS | 4.79% | $0.28 | 24.05% |
| 030210.KS | 030210.KS | 4.78% | $165.86 | 88.74% |
| 0960.HK | 0960.HK | 4.78% | $0.42 | 15.35% |
| 2176.HK | 2176.HK | 4.78% | $0.08 | 66.12% |
| 600820.SS | 600820.SS | 4.77% | $0.31 | 38.17% |
| 8097.T | 8097.T | 4.77% | $100.80 | 88.28% |
| 2722.HK | 2722.HK | 4.76% | $0.09 | 35.27% |
| 7267.T | 7267.T | 4.76% | $73.14 | 47.07% |
| VALMT.HE | VALMT.HE | 4.76% | $1.35 | 90.84% |
| 000928.SZ | 000928.SZ | 4.75% | $0.31 | 60.04% |
| 029780.KS | 029780.KS | 4.75% | $2,578.91 | 46.87% |
| 2020.HK | 2020.HK | 4.75% | $3.89 | 40.14% |