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 % |
|---|---|---|---|---|
| 558.SI | 558.SI | 3.60% | $0.05 | 88.87% |
| 601019.SS | 601019.SS | 3.60% | $0.31 | 41.99% |
| 603233.SS | 603233.SS | 3.60% | $0.64 | 63.21% |
| 603658.SS | 603658.SS | 3.60% | $1.27 | 66.33% |
| 603661.SS | 603661.SS | 3.60% | $1.15 | 57.55% |
| 6371.T | 6371.T | 3.60% | $83.27 | 37.31% |
| FSMART.BK | FSMART.BK | 3.60% | $0.23 | 31.86% |
| KABE-B.ST | KABE-B.ST | 3.60% | $8.00 | 76.60% |
| SKLT.JK | SKLT.JK | 3.60% | $9.00 | 42.24% |
| TFMAMA.BK | TFMAMA.BK | 3.60% | $6.93 | 57.58% |
| 002469.SZ | 002469.SZ | 3.59% | $0.30 | 72.05% |
| 216050.KQ | 216050.KQ | 3.59% | $241.94 | 26.78% |
| 2845.TW | 2845.TW | 3.59% | $0.46 | 54.51% |
| 6461.T | 6461.T | 3.59% | $68.27 | 25.12% |
| 7751.T | 7751.T | 3.59% | $166.45 | 91.69% |
| E4C.DE | E4C.DE | 3.59% | $0.42 | 82.27% |
| LHA.DE | LHA.DE | 3.59% | $0.31 | 22.46% |
| NTB | NTB | 3.59% | $1.78 | 33.40% |
| SVOA.BK | SVOA.BK | 3.59% | $0.05 | 21.40% |
| TRAC-B.ST | TRAC-B.ST | 3.59% | $9.00 | 82.36% |
| 0IX0.L | 0IX0.L | 3.58% | $1.04 | 20.20% |
| 0QNG.L | 0QNG.L | 3.58% | $10.25 | 42.20% |
| 3231.T | 3231.T | 3.58% | $34.64 | 40.45% |
| 4106.TW | 4106.TW | 3.58% | $0.80 | 58.20% |
| EIK.IC | EIK.IC | 3.58% | $0.50 | 24.04% |
| 053690.KS | 053690.KS | 3.57% | $642.06 | 28.05% |
| 286940.KS | 286940.KS | 3.57% | $699.88 | 99.32% |
| 601158.SS | 601158.SS | 3.57% | $0.16 | 91.61% |
| ILC.SN | ILC.SN | 3.57% | $650.41 | 28.71% |
| 058850.KS | 058850.KS | 3.56% | $100.09 | 15.29% |
| 1294.TWO | 1294.TWO | 3.56% | $2.81 | 66.03% |
| 3283.T | 3283.T | 3.56% | $3,304.88 | 53.00% |
| 688121.SS | 688121.SS | 3.56% | $0.39 | 73.41% |
| EMIRATESNBD.AE | EMIRATESNBD.AE | 3.56% | $1.02 | 28.25% |
| FLEXO.AT | FLEXO.AT | 3.56% | $0.30 | 17.58% |
| 006040.KS | 006040.KS | 3.55% | $1,474.30 | 49.91% |
| 2715.T | 2715.T | 3.55% | $84.99 | 64.74% |
| 3700.HK | 3700.HK | 3.55% | $0.04 | 11.74% |
| 600958.SS | 600958.SS | 3.55% | $0.39 | 63.25% |
| 7955.T | 7955.T | 3.55% | $31.00 | 45.30% |
| ISAT.JK | ISAT.JK | 3.55% | $83.79 | 58.49% |
| PBSA.JK | PBSA.JK | 3.55% | $55.00 | 71.03% |
| 004800.KS | 004800.KS | 3.54% | $3,986.89 | 20.54% |
| 6414.TW | 6414.TW | 3.54% | $10.13 | 52.07% |
| WIHL.ST | WIHL.ST | 3.54% | $3.20 | 44.13% |
| 002081.SZ | 002081.SZ | 3.53% | $0.12 | 70.03% |
| 0RHV.L | 0RHV.L | 3.53% | $5.10 | 18.83% |
| 2760.T | 2760.T | 3.53% | $119.86 | 46.59% |
| 5515.TW | 5515.TW | 3.53% | $1.27 | 51.00% |
| 600603.SS | 600603.SS | 3.53% | $0.22 | 63.76% |