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
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|---|---|---|---|---|
| 064960.KS | 064960.KS | 3.32% | $1,136.73 | 32.23% |
| 0RNT.L | 0RNT.L | 3.32% | $3.07 | 43.48% |
| 603676.SS | 603676.SS | 3.32% | $0.35 | 67.92% |
| 6791.TWO | 6791.TWO | 3.32% | $3.49 | 85.79% |
| 9432.T | 9432.T | 3.32% | $5.24 | 41.63% |
| AJBU.SI | AJBU.SI | 3.32% | $0.07 | 51.19% |
| MFF.AX | MFF.AX | 3.32% | $0.16 | 6.10% |
| VZN.SW | VZN.SW | 3.32% | $4.96 | 45.59% |
| 6438.TW | 6438.TW | 3.31% | $4.69 | 60.82% |
| 8272.TWO | 8272.TWO | 3.31% | $2.59 | 60.59% |
| ALDEL.PA | ALDEL.PA | 3.31% | $1.15 | 38.10% |
| GJF.OL | GJF.OL | 3.31% | $10.00 | 77.33% |
| 001560.KS | 001560.KS | 3.30% | $321.67 | 15.39% |
| 002895.SZ | 002895.SZ | 3.30% | $1.21 | 57.70% |
| 0GWB.IL | 0GWB.IL | 3.30% | $16.72 | 54.63% |
| 2441.TW | 2441.TW | 3.30% | $2.98 | 71.42% |
| MAVI.IS | MAVI.IS | 3.30% | $1.41 | 53.21% |
| MTSA3.SA | MTSA3.SA | 3.30% | $2.51 | 53.64% |
| 3475.T | 3475.T | 3.29% | $41.31 | 53.09% |
| ARCO | ARCO | 3.29% | $0.24 | 20.61% |
| GLINT.LS | GLINT.LS | 3.29% | $0.04 | 63.67% |
| LABB.MX | LABB.MX | 3.29% | $0.59 | 28.90% |
| 009770.KS | 009770.KS | 3.28% | $1,000.15 | 13.81% |
| 3050.SR | 3050.SR | 3.28% | $0.74 | 53.26% |
| 603075.SS | 603075.SS | 3.28% | $0.72 | 90.17% |
| 6741.T | 6741.T | 3.28% | $42.98 | 32.43% |
| 000088.SZ | 000088.SZ | 3.27% | $0.15 | 53.36% |
| 002648.SZ | 002648.SZ | 3.27% | $0.58 | 31.65% |
| 005750.KS | 005750.KS | 3.27% | $152.60 | 38.32% |
| 011760.KS | 011760.KS | 3.27% | $700.00 | 11.11% |
| 2248.TWO | 2248.TWO | 3.27% | $1.61 | 18.34% |
| 4021.T | 4021.T | 3.27% | $175.28 | 52.54% |
| 603439.SS | 603439.SS | 3.27% | $0.38 | 95.76% |
| 7942.T | 7942.T | 3.27% | $79.98 | 39.18% |
| BRIT3.SA | BRIT3.SA | 3.27% | $0.09 | 82.21% |
| IAF-PI.TO | IAF-PI.TO | 3.27% | $0.82 | 25.22% |
| ORS.MI | ORS.MI | 3.27% | $0.61 | 33.02% |
| PEHN.SW | PEHN.SW | 3.27% | $2.08 | 17.62% |
| 4471.T | 4471.T | 3.26% | $169.97 | 27.59% |
| 5315.TWO | 5315.TWO | 3.26% | $0.80 | 49.66% |
| 603558.SS | 603558.SS | 3.26% | $0.37 | 34.35% |
| 7744.T | 7744.T | 3.26% | $60.54 | 54.32% |
| MYTIL.AT | MYTIL.AT | 3.26% | $1.72 | 19.73% |
| TCW.TO | TCW.TO | 3.26% | $0.20 | 35.68% |
| 001040.KS | 001040.KS | 3.25% | $5,626.03 | 48.88% |
| 002507.SZ | 002507.SZ | 3.25% | $0.42 | 60.46% |
| 016740.KS | 016740.KS | 3.25% | $123.07 | 16.96% |
| 131090.KQ | 131090.KQ | 3.25% | $125.00 | 32.25% |
| 300729.SZ | 300729.SZ | 3.25% | $0.44 | 63.17% |
| 300881.SZ | 300881.SZ | 3.25% | $1.10 | 65.22% |