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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|---|---|---|---|---|
| 603551.SS | 603551.SS | 4.75% | $0.55 | 70.57% |
| ABCB4.SA | ABCB4.SA | 4.75% | $1.12 | 27.47% |
| ASSA.JK | ASSA.JK | 4.75% | $55.37 | 53.84% |
| CHMF.ME | CHMF.ME | 4.75% | $45.69 | 47.39% |
| LMN.SW | LMN.SW | 4.75% | $0.62 | 39.82% |
| LREN3.SA | LREN3.SA | 4.75% | $0.64 | 45.84% |
| POT.NZ | POT.NZ | 4.75% | $0.37 | 93.98% |
| 005720.KS | 005720.KS | 4.74% | $283.16 | 21.67% |
| 0DTK.L | 0DTK.L | 4.74% | $2.97 | 20.78% |
| 1368.HK | 1368.HK | 4.74% | $0.25 | 35.82% |
| 3030.SR | 3030.SR | 4.74% | $1.64 | 59.10% |
| EGIE3.SA | EGIE3.SA | 4.74% | $1.48 | 39.71% |
| 3570.TWO | 3570.TWO | 4.73% | $7.97 | 55.25% |
| 600096.SS | 600096.SS | 4.73% | $1.58 | 51.07% |
| CHE-UN.TO | CHE-UN.TO | 4.73% | $0.70 | 71.01% |
| GVH | GVH | 4.73% | $0.07 | 61.06% |
| MOUR.BR | MOUR.BR | 4.73% | $27.35 | 20.85% |
| 1578.HK | 1578.HK | 4.72% | $0.12 | 10.90% |
| 601598.SS | 601598.SS | 4.72% | $0.29 | 56.81% |
| 6393.T | 6393.T | 4.72% | $152.08 | 45.60% |
| 7278.T | 7278.T | 4.72% | $264.78 | 76.11% |
| SHURB.XD | SHURB.XD | 4.72% | $1.38 | 21.77% |
| TD | TD | 4.72% | $4.46 | 37.31% |
| 0QLW.L | 0QLW.L | 4.71% | $10.07 | 55.86% |
| 111110.KS | 111110.KS | 4.71% | $377.81 | 20.16% |
| 3413.TW | 3413.TW | 4.71% | $13.29 | 62.47% |
| BVG.BK | BVG.BK | 4.71% | $0.08 | 58.67% |
| DUNI.ST | DUNI.ST | 4.71% | $5.00 | 71.87% |
| 002810.KS | 002810.KS | 4.70% | $746.82 | 22.45% |
| 013520.KS | 013520.KS | 4.70% | $101.24 | 13.31% |
| 2S.BK | 2S.BK | 4.70% | $0.11 | 76.54% |
| COLOR.BK | COLOR.BK | 4.70% | $0.05 | 65.65% |
| GJTL.JK | GJTL.JK | 4.70% | $49.82 | 16.37% |
| JHSF3.SA | JHSF3.SA | 4.70% | $0.37 | 19.33% |
| 0QLN.L | 0QLN.L | 4.69% | $6.01 | 46.42% |
| 2891.TW | 2891.TW | 4.69% | $2.39 | 63.03% |
| 9536.SR | 9536.SR | 4.69% | $2.77 | 42.88% |
| KAMART.BK | KAMART.BK | 4.69% | $0.42 | 80.09% |
| SNW.DE | SNW.DE | 4.69% | $3.87 | 51.33% |
| WWL.WA | WWL.WA | 4.69% | $35.00 | 61.86% |
| 603299.SS | 603299.SS | 4.68% | $0.49 | 72.35% |
| 001790.KS | 001790.KS | 4.67% | $129.85 | 23.71% |
| 6049.HK | 6049.HK | 4.67% | $1.51 | 27.86% |
| ABRD.ME | ABRD.ME | 4.67% | $7.73 | 35.43% |
| CURY3.SA | CURY3.SA | 4.67% | $1.47 | 49.28% |
| INCI.JK | INCI.JK | 4.67% | $34.76 | 31.60% |
| NTGY.MC | NTGY.MC | 4.67% | $1.20 | 57.49% |
| 1015.KL | 1015.KL | 4.66% | $0.30 | 48.65% |
| 1686.HK | 1686.HK | 4.66% | $0.22 | 47.87% |
| 1834.SR | 1834.SR | 4.66% | $0.25 | 81.73% |