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 % |
|---|---|---|---|---|
| 2948.TWO | 2948.TWO | 4.66% | $1.77 | 80.08% |
| 600368.SS | 600368.SS | 4.66% | $0.18 | 45.90% |
| 688606.SS | 688606.SS | 4.66% | $2.98 | 79.11% |
| CHG-R.BK | CHG-R.BK | 4.66% | $0.07 | 96.65% |
| CRT-UN.TO | CRT-UN.TO | 4.66% | $0.76 | 46.43% |
| KWC.BK | KWC.BK | 4.66% | $12.48 | 80.34% |
| QNT.WA | QNT.WA | 4.66% | $1.77 | 48.50% |
| TOUP.PA | TOUP.PA | 4.66% | $0.22 | 20.71% |
| 002948.SZ | 002948.SZ | 4.65% | $0.21 | 25.26% |
| 175330.KS | 175330.KS | 4.65% | $1,171.18 | 32.82% |
| ATRAV.HE | ATRAV.HE | 4.65% | $0.70 | 45.12% |
| INSET.BK | INSET.BK | 4.65% | $0.08 | 93.21% |
| OMAB.MX | OMAB.MX | 4.65% | $11.27 | 81.96% |
| TCO.AX | TCO.AX | 4.65% | $0.10 | 27.59% |
| TCO0.DE | TCO0.DE | 4.65% | $0.24 | 58.23% |
| 2748.TW | 2748.TW | 4.64% | $2.00 | 87.06% |
| 600351.SS | 600351.SS | 4.64% | $0.30 | 94.39% |
| 6345.T | 6345.T | 4.64% | $63.55 | 66.53% |
| 7030.SR | 7030.SR | 4.64% | $0.49 | 67.65% |
| 293480.KS | 293480.KS | 4.63% | $510.75 | 44.31% |
| ALFPC.PA | ALFPC.PA | 4.63% | $4.77 | 15.78% |
| EKTR3.SA | EKTR3.SA | 4.63% | $2.28 | 47.37% |
| 002749.SZ | 002749.SZ | 4.62% | $0.62 | 75.36% |
| 0ROG.L | 0ROG.L | 4.62% | $4.51 | 60.87% |
| 2534.TW | 2534.TW | 4.62% | $0.96 | 40.22% |
| 600757.SS | 600757.SS | 4.62% | $0.41 | 44.68% |
| 8976.T | 8976.T | 4.62% | $17,319.02 | 61.76% |
| BBTN.JK | BBTN.JK | 4.62% | $53.57 | 23.29% |
| SICO.JK | SICO.JK | 4.62% | $6.00 | 46.65% |
| 016360.KS | 016360.KS | 4.61% | $3,499.80 | 33.25% |
| 603967.SS | 603967.SS | 4.61% | $0.63 | 84.73% |
| ERAA.JK | ERAA.JK | 4.61% | $19.00 | 29.20% |
| FCR-UN.TO | FCR-UN.TO | 4.61% | $0.87 | 71.15% |
| HELN.SW | HELN.SW | 4.61% | $9.63 | 76.62% |
| SAUCE.BK | SAUCE.BK | 4.61% | $1.79 | 86.46% |
| SFSN.SW | SFSN.SW | 4.61% | $5.00 | 39.88% |
| 256150.KQ | 256150.KQ | 4.60% | $251.58 | 61.57% |
| 600066.SS | 600066.SS | 4.60% | $1.50 | 66.89% |
| 6369.T | 6369.T | 4.60% | $114.21 | 24.14% |
| AUI.AX | AUI.AX | 4.60% | $0.52 | 63.93% |
| EXAE.AT | EXAE.AT | 4.60% | $0.29 | 78.34% |
| 0837.HK | 0837.HK | 4.59% | $0.36 | 24.98% |
| ANSGR.IS | ANSGR.IS | 4.59% | $1.05 | 17.19% |
| GLVA.JK | GLVA.JK | 4.59% | $19.20 | 60.20% |
| TEAMG.BK | TEAMG.BK | 4.59% | $0.15 | 56.43% |
| UMG.AS | UMG.AS | 4.59% | $1.01 | 44.97% |
| 5293.KL | 5293.KL | 4.58% | $0.07 | 40.76% |
| 6534.TW | 6534.TW | 4.58% | $4.10 | 95.94% |
| 6817.T | 6817.T | 4.58% | $52.45 | 86.38% |
| AUDC | AUDC | 4.58% | $0.40 | 82.97% |