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 % |
|---|---|---|---|---|
| 030200.KS | 030200.KS | 4.28% | $2,195.00 | 57.50% |
| 0QL7.L | 0QL7.L | 4.28% | $12.30 | 42.79% |
| 603788.SS | 603788.SS | 4.28% | $0.70 | 80.53% |
| CONCHATORO.SN | CONCHATORO.SN | 4.28% | $43.53 | 41.21% |
| EDHN.SW | EDHN.SW | 4.28% | $1.69 | 27.11% |
| LHPF.BK | LHPF.BK | 4.28% | $0.22 | 28.94% |
| 003816.SZ | 003816.SZ | 4.27% | $0.16 | 86.16% |
| 033920.KS | 033920.KS | 4.27% | $390.03 | 21.54% |
| 0NWC.L | 0NWC.L | 4.27% | $7.82 | 78.31% |
| HAKI-B.ST | HAKI-B.ST | 4.27% | $0.91 | 65.00% |
| ULG.WA | ULG.WA | 4.27% | $0.50 | 63.41% |
| 0QQ6.L | 0QQ6.L | 4.26% | $14.37 | 70.63% |
| 3287.T | 3287.T | 4.26% | $11,118.43 | 64.80% |
| 4161.SR | 4161.SR | 4.26% | $0.20 | 86.85% |
| 600548.SS | 600548.SS | 4.26% | $0.37 | 76.64% |
| 0F8V.L | 0F8V.L | 4.25% | $0.35 | 14.62% |
| GGPS3.SA | GGPS3.SA | 4.25% | $0.68 | 69.54% |
| NNGF.DE | NNGF.DE | 4.25% | $0.57 | 60.16% |
| 002352.SZ | 002352.SZ | 4.24% | $1.63 | 75.31% |
| 075180.KS | 075180.KS | 4.24% | $139.96 | 69.90% |
| 3052.TW | 3052.TW | 4.24% | $0.51 | 42.05% |
| 600874.SS | 600874.SS | 4.24% | $0.25 | 47.55% |
| 603277.SS | 603277.SS | 4.24% | $0.71 | 81.68% |
| 6436.T | 6436.T | 4.24% | $178.44 | 72.65% |
| IFI.WA | IFI.WA | 4.24% | $1.40 | 70.58% |
| INA.AX | INA.AX | 4.24% | $0.22 | 63.81% |
| 000685.SZ | 000685.SZ | 4.23% | $0.49 | 52.11% |
| BRAV.ST | BRAV.ST | 4.23% | $3.74 | 66.06% |
| DBG.PA | DBG.PA | 4.23% | $0.29 | 22.71% |
| EZZ.AX | EZZ.AX | 4.23% | $0.06 | 21.17% |
| INTB3.SA | INTB3.SA | 4.23% | $0.49 | 33.98% |
| 078000.KS | 078000.KS | 4.22% | $636.29 | 60.41% |
| 0QQY.L | 0QQY.L | 4.22% | $10.15 | 29.78% |
| 2337.HK | 2337.HK | 4.22% | $0.07 | 29.24% |
| 284740.KS | 284740.KS | 4.22% | $1,000.33 | 19.58% |
| 603195.SS | 603195.SS | 4.22% | $1.72 | 77.84% |
| 8972.T | 8972.T | 4.22% | $7,423.13 | 34.15% |
| ALOS3.SA | ALOS3.SA | 4.22% | $1.20 | 81.15% |
| VVL.OL | VVL.OL | 4.22% | $17.05 | 43.31% |
| 600361.SS | 600361.SS | 4.21% | $0.18 | 77.50% |
| 603008.SS | 603008.SS | 4.21% | $0.86 | 92.46% |
| PJAA.JK | PJAA.JK | 4.21% | $24.00 | 27.50% |
| SPC.BK | SPC.BK | 4.21% | $2.42 | 30.73% |
| 603365.SS | 603365.SS | 4.20% | $0.88 | 64.58% |
| 6275.TWO | 6275.TWO | 4.20% | $2.25 | 81.25% |
| CULTIBAB.MX | CULTIBAB.MX | 4.20% | $0.50 | 24.67% |
| HEID.SW | HEID.SW | 4.20% | $3.30 | 31.09% |
| 002597.SZ | 002597.SZ | 4.19% | $0.87 | 88.56% |
| 003780.KS | 003780.KS | 4.19% | $281.35 | 37.66% |
| CWC.DE | CWC.DE | 4.19% | $4.27 | 53.25% |