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 % |
|---|---|---|---|---|
| 603600.SS | 603600.SS | 3.04% | $0.36 | 45.42% |
| 6725.TWO | 6725.TWO | 3.04% | $8.66 | 29.24% |
| 7736.TWO | 7736.TWO | 3.04% | $2.73 | 34.63% |
| 9631.SR | 9631.SR | 3.04% | $0.93 | 15.05% |
| EMBELL.ST | EMBELL.ST | 3.04% | $1.23 | 45.31% |
| HBH.DE | HBH.DE | 3.04% | $2.50 | 26.39% |
| S68.SI | S68.SI | 3.04% | $0.52 | 44.77% |
| 000563.SZ | 000563.SZ | 3.03% | $0.10 | 37.59% |
| 000651.SZ | 000651.SZ | 3.03% | $1.22 | 21.25% |
| 002588.SZ | 002588.SZ | 3.03% | $0.30 | 35.63% |
| 2890.TW | 2890.TW | 3.03% | $0.87 | 47.46% |
| 300146.SZ | 300146.SZ | 3.03% | $0.36 | 88.13% |
| AN3PJ.AX | AN3PJ.AX | 3.03% | $3.14 | 74.08% |
| SBMA.JK | SBMA.JK | 3.03% | $4.00 | 26.88% |
| 003008.SZ | 003008.SZ | 3.02% | $0.65 | 77.32% |
| 350520.KS | 350520.KS | 3.02% | $115.51 | 29.71% |
| 5249.KL | 5249.KL | 3.02% | $0.08 | 26.55% |
| 601609.SS | 601609.SS | 3.02% | $0.33 | 65.77% |
| 6667.TWO | 6667.TWO | 3.02% | $8.12 | 65.45% |
| 9202.T | 9202.T | 3.02% | $89.92 | 31.71% |
| AXFO.ST | AXFO.ST | 3.02% | $8.71 | 88.81% |
| EQTL3.SA | EQTL3.SA | 3.02% | $1.16 | 43.16% |
| GARAN.IS | GARAN.IS | 3.02% | $4.52 | 17.50% |
| IMO | IMO | 3.02% | $2.69 | 33.94% |
| JEN.BR | JEN.BR | 3.02% | $1.79 | 19.29% |
| 002116.SZ | 002116.SZ | 3.01% | $0.31 | 40.43% |
| 007210.KS | 007210.KS | 3.01% | $52.24 | 17.82% |
| 0QO7.L | 0QO7.L | 3.01% | $57.90 | 84.65% |
| 0R8X.L | 0R8X.L | 3.01% | $12.50 | 35.89% |
| 1837.HK | 1837.HK | 3.01% | $0.03 | 22.72% |
| 280360.KS | 280360.KS | 3.01% | $3,368.64 | 47.78% |
| 7236.T | 7236.T | 3.01% | $247.29 | 25.88% |
| ARJO-B.ST | ARJO-B.ST | 3.01% | $0.95 | 59.13% |
| FAE.MC | FAE.MC | 3.01% | $0.16 | 38.53% |
| 000582.SZ | 000582.SZ | 3.00% | $0.28 | 61.06% |
| 5227.KL | 5227.KL | 3.00% | $0.08 | 49.35% |
| 600989.SS | 600989.SS | 3.00% | $0.59 | 39.72% |
| 601058.SS | 601058.SS | 3.00% | $0.49 | 42.76% |
| 9147.T | 9147.T | 3.00% | $100.57 | 80.85% |
| EUROB.AT | EUROB.AT | 3.00% | $0.11 | 28.68% |
| KLBF.JK | KLBF.JK | 3.00% | $36.10 | 46.82% |
| KNOP | KNOP | 3.00% | $0.31 | 31.19% |
| SANT.DE | SANT.DE | 3.00% | $0.58 | 26.01% |
| 000932.SZ | 000932.SZ | 2.99% | $0.17 | 41.58% |
| 002039.SZ | 002039.SZ | 2.99% | $0.54 | 52.04% |
| 028100.KS | 028100.KS | 2.99% | $509.71 | 41.84% |
| 0R6S.L | 0R6S.L | 2.99% | $2.44 | 66.50% |
| 2658.KL | 2658.KL | 2.99% | $0.41 | 44.56% |
| 3486.T | 3486.T | 2.99% | $63.66 | 16.66% |
| 4002.SR | 4002.SR | 2.99% | $2.00 | 52.94% |