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 % |
|---|---|---|---|---|
| 3269.T | 3269.T | 3.39% | $5,804.05 | 52.10% |
| CTZ.V | CTZ.V | 3.39% | $0.05 | 56.26% |
| FILTRA.BO | FILTRA.BO | 3.39% | $2.44 | 84.66% |
| INWI.ST | INWI.ST | 3.39% | $5.48 | 60.02% |
| 000422.SZ | 000422.SZ | 3.38% | $0.48 | 72.32% |
| 002318.SZ | 002318.SZ | 3.38% | $0.98 | 54.31% |
| 002533.SZ | 002533.SZ | 3.38% | $0.42 | 50.59% |
| 003490.KS | 003490.KS | 3.38% | $750.26 | 29.70% |
| 600578.SS | 600578.SS | 3.38% | $0.17 | 33.20% |
| 601811.SS | 601811.SS | 3.38% | $0.45 | 34.30% |
| 7270.T | 7270.T | 3.38% | $114.78 | 27.17% |
| JHG | JHG | 3.38% | $1.61 | 46.72% |
| 002714.SZ | 002714.SZ | 3.37% | $1.70 | 41.84% |
| 019210.KQ | 019210.KQ | 3.37% | $174.88 | 33.83% |
| 1954.T | 1954.T | 3.37% | $126.04 | 37.37% |
| 7TEC.BO | 7TEC.BO | 3.37% | $1.50 | 48.59% |
| 8252.T | 8252.T | 3.37% | $108.41 | 66.71% |
| 9739.T | 9739.T | 3.37% | $85.10 | 35.17% |
| 0JMU.L | 0JMU.L | 3.36% | $1.15 | 52.64% |
| 4321.SR | 4321.SR | 3.36% | $0.64 | 24.31% |
| 600141.SS | 600141.SS | 3.36% | $1.16 | 83.90% |
| 601825.SS | 601825.SS | 3.36% | $0.31 | 24.33% |
| KC4.DE | KC4.DE | 3.36% | $1.80 | 95.42% |
| OTEX | OTEX | 3.36% | $1.07 | 55.28% |
| 294870.KS | 294870.KS | 3.35% | $700.00 | 23.41% |
| 4212.T | 4212.T | 3.35% | $71.29 | 59.28% |
| B61.SI | B61.SI | 3.35% | $0.16 | 36.24% |
| CAMB.BR | CAMB.BR | 3.35% | $7.63 | 18.23% |
| ELIS.PA | ELIS.PA | 3.35% | $0.80 | 33.62% |
| KREATE.HE | KREATE.HE | 3.35% | $0.43 | 79.17% |
| M12.DE | M12.DE | 3.35% | $0.61 | 32.73% |
| XGR2.DE | XGR2.DE | 3.35% | $0.90 | 61.67% |
| 004430.KS | 004430.KS | 3.34% | $301.24 | 33.59% |
| 0N66.L | 0N66.L | 3.34% | $3.82 | 80.44% |
| 6219.TWO | 6219.TWO | 3.34% | $0.67 | 77.89% |
| 9537.SR | 9537.SR | 3.34% | $1.00 | 94.38% |
| AMATAV.BK | AMATAV.BK | 3.34% | $0.06 | 21.41% |
| EOAN.DE | EOAN.DE | 3.34% | $0.55 | 47.88% |
| 030190.KQ | 030190.KQ | 3.33% | $331.95 | 38.71% |
| 089470.KS | 089470.KS | 3.33% | $140.01 | 11.49% |
| 2373.HK | 2373.HK | 3.33% | $0.88 | 41.42% |
| 600258.SS | 600258.SS | 3.33% | $0.56 | 74.23% |
| 601518.SS | 601518.SS | 3.33% | $0.09 | 32.60% |
| 6584.T | 6584.T | 3.33% | $28.57 | 39.95% |
| 6843.TWO | 6843.TWO | 3.33% | $1.90 | 85.01% |
| ARASE.IS | ARASE.IS | 3.33% | $2.38 | 41.72% |
| AZA.ST | AZA.ST | 3.33% | $11.70 | 70.53% |
| BAY-R.BK | BAY-R.BK | 3.33% | $0.87 | 20.61% |
| SL.MI | SL.MI | 3.33% | $1.01 | 33.16% |
| STNG | STNG | 3.33% | $1.65 | 28.37% |