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 % |
|---|---|---|---|---|
| 603317.SS | 603317.SS | 4.37% | $0.55 | 99.52% |
| ATRUST.AT | ATRUST.AT | 4.37% | $0.56 | 66.75% |
| BAM-R.BK | BAM-R.BK | 4.37% | $0.35 | 50.66% |
| BPP-R.BK | BPP-R.BK | 4.37% | $0.55 | 85.50% |
| CRR-UN.TO | CRR-UN.TO | 4.37% | $0.67 | 76.03% |
| U14.SI | U14.SI | 4.37% | $0.38 | 28.25% |
| 016710.KS | 016710.KS | 4.36% | $368.18 | 23.51% |
| 093050.KS | 093050.KS | 4.36% | $772.56 | 24.62% |
| 600285.SS | 600285.SS | 4.36% | $0.90 | 64.11% |
| EMAARDEV.AE | EMAARDEV.AE | 4.36% | $0.68 | 27.01% |
| EN.PA | EN.PA | 4.36% | $1.97 | 72.18% |
| HWX.TO | HWX.TO | 4.36% | $0.42 | 57.78% |
| PIRC.MI | PIRC.MI | 4.36% | $0.26 | 51.67% |
| ZWACK.BD | ZWACK.BD | 4.36% | $1,500.00 | 88.31% |
| 000531.SZ | 000531.SZ | 4.35% | $0.28 | 68.19% |
| 000538.SZ | 000538.SZ | 4.35% | $2.47 | 84.67% |
| 4792.T | 4792.T | 4.35% | $76.88 | 61.51% |
| 603165.SS | 603165.SS | 4.35% | $0.55 | 73.83% |
| SBFG3.SA | SBFG3.SA | 4.35% | $0.55 | 37.97% |
| 000240.KS | 000240.KS | 4.34% | $1,090.20 | 33.39% |
| WCP.TO | WCP.TO | 4.34% | $0.51 | 68.17% |
| 8595.T | 8595.T | 4.33% | $104.31 | 81.02% |
| ADW-A.TO | ADW-A.TO | 4.33% | $0.23 | 64.87% |
| ITRN | ITRN | 4.33% | $1.84 | 64.72% |
| MRG-UN.TO | MRG-UN.TO | 4.33% | $0.75 | 28.03% |
| SYNEX-R.BK | SYNEX-R.BK | 4.33% | $0.43 | 53.70% |
| 002275.SZ | 002275.SZ | 4.32% | $0.61 | 68.51% |
| 091700.KQ | 091700.KQ | 4.32% | $299.93 | 51.71% |
| 000333.SZ | 000333.SZ | 4.31% | $3.37 | 57.37% |
| 002460.KS | 002460.KS | 4.31% | $499.93 | 14.25% |
| 002833.SZ | 002833.SZ | 4.31% | $0.70 | 74.51% |
| 1050.HK | 1050.HK | 4.31% | $0.11 | 59.43% |
| 2763.T | 2763.T | 4.31% | $55.33 | 30.88% |
| SB1NO.OL | SB1NO.OL | 4.31% | $8.50 | 49.18% |
| 018250.KS | 018250.KS | 4.30% | $579.57 | 45.50% |
| 300441.SZ | 300441.SZ | 4.30% | $0.32 | 72.05% |
| 4042.T | 4042.T | 4.30% | $101.04 | 78.91% |
| 4261.SR | 4261.SR | 4.30% | $1.64 | 36.96% |
| AVIA.JK | AVIA.JK | 4.30% | $22.38 | 78.99% |
| PREVA.AS | PREVA.AS | 4.30% | $0.21 | 11.56% |
| SONYN.MX | SONYN.MX | 4.30% | $20.01 | 10.30% |
| SYMC.BK | SYMC.BK | 4.30% | $0.15 | 42.26% |
| TOA.BK | TOA.BK | 4.30% | $0.58 | 46.29% |
| 2546.TW | 2546.TW | 4.29% | $3.69 | 45.15% |
| 267290.KS | 267290.KS | 4.29% | $875.06 | 17.76% |
| 601168.SS | 601168.SS | 4.29% | $1.19 | 89.92% |
| INH.DE | INH.DE | 4.29% | $1.22 | 59.56% |
| OSP-R.BK | OSP-R.BK | 4.29% | $0.69 | 59.37% |
| PE1.AX | PE1.AX | 4.29% | $0.06 | 32.51% |
| 003540.KS | 003540.KS | 4.28% | $1,158.74 | 44.30% |