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 % |
|---|---|---|---|---|
| 9541.SR | 9541.SR | 3.74% | $0.43 | 78.32% |
| BBCA.JK | BBCA.JK | 3.74% | $300.05 | 64.91% |
| BKGI.BK | BKGI.BK | 3.74% | $0.05 | 88.71% |
| DAC | DAC | 3.74% | $3.56 | 14.02% |
| JKON.JK | JKON.JK | 3.74% | $3.25 | 45.42% |
| MDKI.JK | MDKI.JK | 3.74% | $8.00 | 62.54% |
| NORCO.OL | NORCO.OL | 3.74% | $1.66 | 72.73% |
| SLCE3.SA | SLCE3.SA | 3.74% | $0.55 | 41.84% |
| 3948.HK | 3948.HK | 3.73% | $0.65 | 24.32% |
| IDPR.JK | IDPR.JK | 3.73% | $10.00 | 75.77% |
| KIMBERA.MX | KIMBERA.MX | 3.73% | $1.43 | 57.51% |
| PGMN3.SA | PGMN3.SA | 3.73% | $0.23 | 74.59% |
| QIBK.QA | QIBK.QA | 3.73% | $0.89 | 44.73% |
| 002367.SZ | 002367.SZ | 3.72% | $0.30 | 60.41% |
| 600300.SS | 600300.SS | 3.72% | $0.13 | 51.92% |
| 603899.SS | 603899.SS | 3.72% | $1.01 | 69.72% |
| RHC.AX | RHC.AX | 3.72% | $1.29 | 32.49% |
| 000999.SZ | 000999.SZ | 3.71% | $1.06 | 63.26% |
| 214180.KQ | 214180.KQ | 3.71% | $602.87 | 23.75% |
| 603948.SS | 603948.SS | 3.71% | $1.01 | 75.31% |
| 6089.T | 6089.T | 3.71% | $44.42 | 74.52% |
| QNNS.QA | QNNS.QA | 3.71% | $0.40 | 38.98% |
| 016610.KS | 016610.KS | 3.70% | $404.34 | 30.24% |
| 2471.T | 2471.T | 3.70% | $10.10 | 43.62% |
| 3430.TWO | 3430.TWO | 3.70% | $2.50 | 75.20% |
| 4560.TW | 4560.TW | 3.70% | $1.20 | 42.07% |
| 5347.KL | 5347.KL | 3.70% | $0.51 | 62.35% |
| LOOMIS.ST | LOOMIS.ST | 3.70% | $14.10 | 53.46% |
| MIDW-A.ST | MIDW-A.ST | 3.70% | $0.91 | 65.00% |
| PNDORA.CO | PNDORA.CO | 3.70% | $25.72 | 37.06% |
| SPVI.BK | SPVI.BK | 3.70% | $0.08 | 37.67% |
| 3401.T | 3401.T | 3.69% | $49.97 | 35.81% |
| BZU.MI | BZU.MI | 3.69% | $1.90 | 18.48% |
| CWP.AX | CWP.AX | 3.69% | $0.31 | 15.67% |
| CX.ST | CX.ST | 3.69% | $1.37 | 55.29% |
| REH.AX | REH.AX | 3.69% | $0.49 | 43.22% |
| 000783.SZ | 000783.SZ | 3.68% | $0.30 | 43.98% |
| 014820.KS | 014820.KS | 3.68% | $916.77 | 45.73% |
| 2245.HK | 2245.HK | 3.68% | $0.91 | 36.29% |
| 5DD.SI | 5DD.SI | 3.68% | $0.06 | 66.85% |
| 600598.SS | 600598.SS | 3.68% | $0.55 | 89.21% |
| 601156.SS | 601156.SS | 3.68% | $0.68 | 41.00% |
| NICL.JK | NICL.JK | 3.68% | $51.00 | 99.38% |
| PNBN.JK | PNBN.JK | 3.68% | $42.00 | 37.86% |
| 3617.TW | 3617.TW | 3.67% | $7.64 | 45.54% |
| 5296.KL | 5296.KL | 3.67% | $0.06 | 87.61% |
| 600535.SS | 600535.SS | 3.67% | $0.55 | 75.36% |
| 8424.T | 8424.T | 3.67% | $157.51 | 52.44% |
| 9937.TW | 9937.TW | 3.67% | $2.10 | 88.32% |
| KEMIRA.HE | KEMIRA.HE | 3.67% | $0.72 | 49.87% |