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 % |
|---|---|---|---|---|
| 4588.KL | 4588.KL | 3.46% | $0.17 | 22.64% |
| 600039.SS | 600039.SS | 3.46% | $0.34 | 38.73% |
| 6179.TWO | 6179.TWO | 3.46% | $1.01 | 61.93% |
| CCEC | CCEC | 3.46% | $0.71 | 14.75% |
| PPGL.JK | PPGL.JK | 3.46% | $6.54 | 59.35% |
| 4280.SR | 4280.SR | 3.45% | $0.27 | 61.01% |
| 4731.KL | 4731.KL | 3.45% | $0.12 | 35.19% |
| 600956.SS | 600956.SS | 3.45% | $0.25 | 60.39% |
| 9310.T | 9310.T | 3.45% | $39.18 | 40.54% |
| A2B.AX | A2B.AX | 3.45% | $0.05 | 10.73% |
| JUBILE.BK | JUBILE.BK | 3.45% | $0.24 | 42.76% |
| OBS.DE | OBS.DE | 3.45% | $0.20 | 29.66% |
| SNGR.L | SNGR.L | 3.45% | $0.35 | 45.29% |
| T.ME | T.ME | 3.45% | $108.90 | 19.03% |
| 002546.SZ | 002546.SZ | 3.44% | $0.24 | 28.69% |
| 003010.KS | 003010.KS | 3.44% | $184.30 | 18.44% |
| 1861.HK | 1861.HK | 3.44% | $0.07 | 13.56% |
| 2M6.DE | 2M6.DE | 3.44% | $2.81 | 75.86% |
| 353810.KQ | 353810.KQ | 3.44% | $200.00 | 33.23% |
| 4523.T | 4523.T | 3.44% | $160.17 | 91.46% |
| 8951.T | 8951.T | 3.44% | $4,915.81 | 52.71% |
| OND.WA | OND.WA | 3.44% | $0.30 | 87.35% |
| 4540.T | 4540.T | 3.43% | $139.66 | 37.89% |
| 6764.TWO | 6764.TWO | 3.43% | $1.00 | 84.07% |
| 688366.SS | 688366.SS | 3.43% | $1.51 | 89.50% |
| 9028.T | 9028.T | 3.43% | $138.32 | 33.30% |
| MGLU3.SA | MGLU3.SA | 3.43% | $0.30 | 61.17% |
| 002555.SZ | 002555.SZ | 3.42% | $0.81 | 56.85% |
| 002993.SZ | 002993.SZ | 3.42% | $1.50 | 79.56% |
| 2472.TW | 2472.TW | 3.42% | $4.02 | 55.54% |
| 3060.SR | 3060.SR | 3.42% | $0.50 | 71.47% |
| 3116.T | 3116.T | 3.42% | $85.98 | 81.58% |
| 4299.T | 4299.T | 3.42% | $44.95 | 43.10% |
| CGAS3.SA | CGAS3.SA | 3.42% | $4.11 | 33.65% |
| HSN.AX | HSN.AX | 3.42% | $0.18 | 57.93% |
| 2291.HK | 2291.HK | 3.41% | $0.56 | 38.72% |
| 3355.T | 3355.T | 3.41% | $56.55 | 27.28% |
| 600638.SS | 600638.SS | 3.41% | $0.22 | 91.32% |
| OFSS.BO | OFSS.BO | 3.41% | $263.67 | 97.03% |
| SVI.BK | SVI.BK | 3.41% | $0.25 | 62.32% |
| 2428.T | 2428.T | 3.40% | $22.01 | 38.29% |
| 600572.SS | 600572.SS | 3.40% | $0.15 | 55.59% |
| 601216.SS | 601216.SS | 3.40% | $0.16 | 41.07% |
| 7447.T | 7447.T | 3.40% | $61.11 | 73.38% |
| AHOG.DE | AHOG.DE | 3.40% | $1.19 | 51.79% |
| CRC-R.BK | CRC-R.BK | 3.40% | $0.61 | 52.01% |
| SSM.AX | SSM.AX | 3.40% | $0.08 | 53.67% |
| TGH | TGH | 3.40% | $1.70 | 34.66% |
| TRA.AX | TRA.AX | 3.40% | $0.24 | 39.34% |
| 0RD8.L | 0RD8.L | 3.39% | $0.99 | 49.30% |