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 % |
|---|---|---|---|---|
| EMTK.JK | EMTK.JK | 3.98% | $43.78 | 48.47% |
| HOLN.SW | HOLN.SW | 3.98% | $3.10 | 11.12% |
| TQ5.SI | TQ5.SI | 3.98% | $0.05 | 60.69% |
| 007860.KS | 007860.KS | 3.97% | $381.92 | 8.19% |
| 3217.TWO | 3217.TWO | 3.97% | $6.40 | 54.14% |
| 5434.TW | 5434.TW | 3.97% | $11.76 | 59.09% |
| ALTXC.PA | ALTXC.PA | 3.97% | $0.30 | 35.01% |
| MND.AX | MND.AX | 3.97% | $1.05 | 72.16% |
| MXI.AX | MXI.AX | 3.97% | $0.09 | 46.30% |
| 027410.KS | 027410.KS | 3.96% | $152.83 | 25.29% |
| CNT.BK | CNT.BK | 3.96% | $0.04 | 56.47% |
| UCID.JK | UCID.JK | 3.96% | $16.86 | 78.76% |
| 002758.SZ | 002758.SZ | 3.95% | $0.40 | 46.30% |
| 4065.KL | 4065.KL | 3.95% | $0.42 | 72.75% |
| 600585.SS | 600585.SS | 3.95% | $0.86 | 51.83% |
| 8464.TW | 8464.TW | 3.95% | $14.49 | 64.65% |
| BRFS3.SA | BRFS3.SA | 3.95% | $0.71 | 31.92% |
| F34.SI | F34.SI | 3.95% | $0.12 | 63.66% |
| 000848.SZ | 000848.SZ | 3.94% | $0.33 | 55.15% |
| 6412.T | 6412.T | 3.94% | $80.00 | 63.34% |
| DSFIR.AS | DSFIR.AS | 3.94% | $2.71 | 99.44% |
| NDT.MI | NDT.MI | 3.94% | $0.15 | 28.43% |
| TCSG.ME | TCSG.ME | 3.94% | $129.27 | 21.76% |
| 001720.KS | 001720.KS | 3.93% | $5,219.58 | 32.99% |
| 0UKH.L | 0UKH.L | 3.93% | $7.04 | 57.77% |
| 282330.KS | 282330.KS | 3.93% | $4,100.00 | 37.49% |
| 4953.TWO | 4953.TWO | 3.93% | $4.91 | 84.65% |
| 601528.SS | 601528.SS | 3.93% | $0.22 | 21.93% |
| 601789.SS | 601789.SS | 3.93% | $0.20 | 78.65% |
| EMA | EMA | 3.93% | $1.93 | 49.45% |
| TSPC.JK | TSPC.JK | 3.93% | $111.90 | 33.61% |
| TTALO.HE | TTALO.HE | 3.93% | $0.38 | 55.32% |
| 003012.SZ | 003012.SZ | 3.92% | $0.26 | 78.10% |
| 300181.SZ | 300181.SZ | 3.92% | $0.63 | 73.60% |
| 6491.TW | 6491.TW | 3.92% | $11.02 | 53.82% |
| 82800.HK | 82800.HK | 3.92% | $0.93 | 12.85% |
| DR0.DE | DR0.DE | 3.92% | $1.96 | 26.92% |
| SIRIP.BK | SIRIP.BK | 3.92% | $0.28 | 44.51% |
| SJR | SJR | 3.92% | $1.18 | 80.43% |
| 1437.TW | 1437.TW | 3.91% | $1.35 | 64.33% |
| 234080.KS | 234080.KS | 3.91% | $501.22 | 16.27% |
| 3693.TWO | 3693.TWO | 3.91% | $10.92 | 61.94% |
| 4863.KL | 4863.KL | 3.91% | $0.31 | 59.49% |
| PBP.AX | PBP.AX | 3.91% | $0.12 | 41.70% |
| SUZB3.SA | SUZB3.SA | 3.91% | $2.03 | 38.32% |
| 025540.KS | 025540.KS | 3.90% | $2,586.58 | 23.65% |
| AZ2.DE | AZ2.DE | 3.90% | $2.60 | 55.55% |
| EUX.F | EUX.F | 3.90% | $1.85 | 82.61% |
| TPIPP-R.BK | TPIPP-R.BK | 3.90% | $0.07 | 20.67% |
| 0R9H.L | 0R9H.L | 3.89% | $0.07 | 15.44% |