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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| 3487.T | 3487.T | 4.46% | $7,526.15 | 70.87% |
| 6012.KL | 6012.KL | 4.46% | $0.17 | 91.48% |
| 7052.KL | 7052.KL | 4.46% | $0.08 | 48.65% |
| CRAV.PA | CRAV.PA | 4.46% | $6.25 | 28.59% |
| GWCS.QA | GWCS.QA | 4.46% | $0.10 | 54.78% |
| 005940.KS | 005940.KS | 4.45% | $948.23 | 45.04% |
| 0291.HK | 0291.HK | 4.45% | $1.18 | 43.56% |
| 600269.SS | 600269.SS | 4.45% | $0.23 | 30.75% |
| ASCO.AT | ASCO.AT | 4.45% | $0.18 | 43.19% |
| BOKUS.ST | BOKUS.ST | 4.45% | $3.39 | 86.63% |
| 000598.SZ | 000598.SZ | 4.44% | $0.32 | 44.55% |
| 058860.KS | 058860.KS | 4.44% | $120.09 | 10.16% |
| DEWA.AE | DEWA.AE | 4.44% | $0.12 | 85.40% |
| GALP.LS | GALP.LS | 4.44% | $0.65 | 49.23% |
| MONC.MI | MONC.MI | 4.44% | $2.43 | 52.33% |
| ORTHEX.HE | ORTHEX.HE | 4.44% | $0.21 | 57.93% |
| 6270.TWO | 6270.TWO | 4.43% | $1.00 | 76.06% |
| 9802.TW | 9802.TW | 4.43% | $4.52 | 66.25% |
| FROTO.IS | FROTO.IS | 4.43% | $4.24 | 43.47% |
| TCM.CO | TCM.CO | 4.43% | $2.97 | 46.27% |
| YDUQ3.SA | YDUQ3.SA | 4.43% | $0.54 | 61.33% |
| 1651.HK | 1651.HK | 4.42% | $1.53 | 45.55% |
| 210980.KS | 210980.KS | 4.42% | $600.13 | 17.82% |
| HER.MI | HER.MI | 4.42% | $0.18 | 51.61% |
| 015360.KS | 015360.KS | 4.41% | $2,880.24 | 15.75% |
| 603889.SS | 603889.SS | 4.41% | $0.35 | 58.00% |
| 6214.TW | 6214.TW | 4.41% | $5.21 | 76.44% |
| BGIP3.SA | BGIP3.SA | 4.41% | $1.70 | 21.11% |
| TLDN.JK | TLDN.JK | 4.41% | $30.89 | 31.72% |
| WEHA.JK | WEHA.JK | 4.41% | $6.00 | 38.19% |
| 1662.HK | 1662.HK | 4.40% | $0.10 | 52.30% |
| 267850.KS | 267850.KS | 4.40% | $499.28 | 43.32% |
| 605599.SS | 605599.SS | 4.40% | $0.72 | 68.99% |
| 7202.SR | 7202.SR | 4.40% | $9.92 | 76.74% |
| 8415.TWO | 8415.TWO | 4.40% | $1.48 | 56.16% |
| ISB.IC | ISB.IC | 4.40% | $6.54 | 47.32% |
| NCC.AE | NCC.AE | 4.40% | $0.20 | 39.44% |
| WUW.DE | WUW.DE | 4.40% | $0.65 | 43.88% |
| 0QM5.L | 0QM5.L | 4.39% | $32.01 | 42.17% |
| 2615.TW | 2615.TW | 4.39% | $3.49 | 28.69% |
| 3234.T | 3234.T | 4.39% | $6,539.40 | 66.38% |
| BUMP.L | BUMP.L | 4.39% | $1.34 | 76.06% |
| COM7-R.BK | COM7-R.BK | 4.39% | $0.86 | 52.19% |
| CVE | CVE | 4.39% | $0.77 | 43.95% |
| VVV3.DE | VVV3.DE | 4.39% | $1.18 | 16.92% |
| 139130.KS | 139130.KS | 4.38% | $670.33 | 30.22% |
| 5200.KL | 5200.KL | 4.38% | $0.08 | 52.34% |
| 600346.SS | 600346.SS | 4.38% | $0.99 | 99.77% |
| SCHAND.BO | SCHAND.BO | 4.38% | $7.02 | 48.25% |
| 3029.TW | 3029.TW | 4.37% | $5.00 | 85.70% |