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 % |
|---|---|---|---|---|
| PRN.AX | PRN.AX | 3.11% | $0.09 | 39.25% |
| S11.BK | S11.BK | 3.11% | $0.10 | 17.73% |
| SPKSJF.CO | SPKSJF.CO | 3.11% | $11.82 | 30.81% |
| 0QQT.L | 0QQT.L | 3.10% | $1.61 | 8.38% |
| 117580.KS | 117580.KS | 3.10% | $248.58 | 25.96% |
| 5851.T | 5851.T | 3.10% | $84.87 | 41.68% |
| 601952.SS | 601952.SS | 3.10% | $0.28 | 67.42% |
| 7242.T | 7242.T | 3.10% | $138.54 | 23.69% |
| 8206.KL | 8206.KL | 3.10% | $0.07 | 55.27% |
| EGR1T.TL | EGR1T.TL | 3.10% | $0.11 | 47.44% |
| ROU.BR | ROU.BR | 3.10% | $0.37 | 63.60% |
| 021240.KS | 021240.KS | 3.09% | $2,641.43 | 32.91% |
| 032830.KS | 032830.KS | 3.09% | $4,826.37 | 39.72% |
| 4809.T | 4809.T | 3.09% | $62.83 | 32.24% |
| ACKB.BR | ACKB.BR | 3.09% | $7.19 | 24.51% |
| BRCR11.SA | BRCR11.SA | 3.09% | $1.43 | 81.27% |
| ICL | ICL | 3.09% | $0.18 | 62.52% |
| LPP.WA | LPP.WA | 3.09% | $654.92 | 67.31% |
| MINT-R.BK | MINT-R.BK | 3.09% | $0.75 | 58.46% |
| SSMS.JK | SSMS.JK | 3.09% | $47.90 | 37.66% |
| TKNO4.SA | TKNO4.SA | 3.09% | $6.28 | 52.08% |
| 002772.SZ | 002772.SZ | 3.08% | $0.45 | 69.10% |
| 008490.KS | 008490.KS | 3.08% | $663.13 | 17.93% |
| 015750.KQ | 015750.KQ | 3.08% | $209.43 | 9.11% |
| 0KIZ.L | 0KIZ.L | 3.08% | $3.50 | 56.51% |
| 3696.T | 3696.T | 3.08% | $59.86 | 29.20% |
| 9535.SR | 9535.SR | 3.08% | $0.08 | 33.54% |
| BAMNB.AS | BAMNB.AS | 3.08% | $0.30 | 26.44% |
| 002500.SZ | 002500.SZ | 3.07% | $0.18 | 72.43% |
| 1734.TW | 1734.TW | 3.07% | $0.94 | 54.13% |
| 603035.SS | 603035.SS | 3.07% | $0.47 | 44.81% |
| 688029.SS | 688029.SS | 3.07% | $2.50 | 76.50% |
| 9622.SR | 9622.SR | 3.07% | $0.27 | 53.61% |
| 4423.T | 4423.T | 3.06% | $60.53 | 52.12% |
| COH.AX | COH.AX | 3.06% | $7.99 | 70.26% |
| GEBKA.AT | GEBKA.AT | 3.06% | $0.08 | 62.96% |
| KAT.AX | KAT.AX | 3.06% | $0.04 | 26.99% |
| KBSPIF.BK | KBSPIF.BK | 3.06% | $0.25 | 19.88% |
| 002001.SZ | 002001.SZ | 3.05% | $0.77 | 32.74% |
| 008560.KS | 008560.KS | 3.05% | $185.97 | 14.12% |
| 0826.HK | 0826.HK | 3.05% | $0.10 | 37.07% |
| 339770.KS | 339770.KS | 3.05% | $130.85 | 48.67% |
| 600511.SS | 600511.SS | 3.05% | $0.88 | 32.88% |
| 6902.T | 6902.T | 3.05% | $65.90 | 45.39% |
| BGRIM-R.BK | BGRIM-R.BK | 3.05% | $0.43 | 56.94% |
| CSMG3.SA | CSMG3.SA | 3.05% | $1.33 | 37.21% |
| PIHLIS.HE | PIHLIS.HE | 3.05% | $0.44 | 24.32% |
| 0EXG.IL | 0EXG.IL | 3.04% | $0.62 | 63.09% |
| 0NX2.L | 0NX2.L | 3.04% | $1.05 | 43.06% |
| 4204.T | 4204.T | 3.04% | $80.02 | 46.81% |