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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|---|---|---|---|---|
| 028050.KS | 028050.KS | 2.84% | $661.03 | 23.31% |
| 097520.KS | 097520.KS | 2.84% | $823.52 | 19.44% |
| 6187.TWO | 6187.TWO | 2.84% | $10.58 | 64.87% |
| CBAV3.SA | CBAV3.SA | 2.84% | $0.20 | 55.55% |
| CWB.TO | CWB.TO | 2.84% | $1.61 | 52.64% |
| GEPA3.SA | GEPA3.SA | 2.84% | $0.85 | 18.05% |
| VRANDA.BK | VRANDA.BK | 2.84% | $0.13 | 60.80% |
| 002823.SZ | 002823.SZ | 2.83% | $0.45 | 63.43% |
| 002831.SZ | 002831.SZ | 2.83% | $0.81 | 49.61% |
| 006360.KS | 006360.KS | 2.83% | $532.69 | 91.52% |
| AEFES.IS | AEFES.IS | 2.83% | $0.45 | 25.40% |
| BTPN.JK | BTPN.JK | 2.83% | $60.33 | 24.97% |
| NHY.OL | NHY.OL | 2.83% | $2.25 | 46.34% |
| OSP2.DE | OSP2.DE | 2.83% | $0.52 | 91.56% |
| 000850.KS | 000850.KS | 2.82% | $1,050.00 | 33.65% |
| 2205.HK | 2205.HK | 2.82% | $0.04 | 36.89% |
| 2458.HK | 2458.HK | 2.82% | $0.18 | 14.30% |
| 688526.SS | 688526.SS | 2.82% | $0.43 | 43.47% |
| 7148.KL | 7148.KL | 2.82% | $0.04 | 40.32% |
| 8438.TW | 8438.TW | 2.82% | $1.30 | 78.73% |
| 9304.T | 9304.T | 2.82% | $35.90 | 36.66% |
| SANOFI.BO | SANOFI.BO | 2.82% | $117.02 | 81.35% |
| 9742.T | 9742.T | 2.81% | $54.87 | 87.98% |
| CNH | CNH | 2.81% | $0.26 | 55.11% |
| FLUG-B.CO | FLUG-B.CO | 2.81% | $8.95 | 46.55% |
| LNF.TO | LNF.TO | 2.81% | $0.79 | 31.40% |
| 2071.TWO | 2071.TWO | 2.80% | $0.43 | 12.28% |
| 298690.KS | 298690.KS | 2.80% | $49.26 | 10.96% |
| 6004.SR | 6004.SR | 2.80% | $2.29 | 55.90% |
| 603105.SS | 603105.SS | 2.80% | $0.26 | 66.36% |
| 6953.TWO | 6953.TWO | 2.80% | $5.99 | 78.26% |
| 7752.T | 7752.T | 2.80% | $38.53 | 35.99% |
| 8058.T | 8058.T | 2.80% | $100.52 | 49.75% |
| 9433.T | 9433.T | 2.80% | $75.80 | 40.77% |
| MTEL.JK | MTEL.JK | 2.80% | $18.45 | 70.48% |
| 2027.TW | 2027.TW | 2.79% | $1.00 | 38.56% |
| 5032.KL | 5032.KL | 2.79% | $0.15 | 50.65% |
| 600801.SS | 600801.SS | 2.79% | $0.68 | 48.06% |
| 6750.T | 6750.T | 2.79% | $47.98 | 38.00% |
| 9607.SR | 9607.SR | 2.79% | $1.20 | 28.09% |
| BNII.JK | BNII.JK | 2.79% | $5.86 | 28.55% |
| BTPS.JK | BTPS.JK | 2.79% | $33.70 | 22.52% |
| GLOBAL-R.BK | GLOBAL-R.BK | 2.79% | $0.18 | 46.58% |
| JST.DE | JST.DE | 2.79% | $1.50 | 76.92% |
| KMDA | KMDA | 2.79% | $0.20 | 56.42% |
| PSSA3.SA | PSSA3.SA | 2.79% | $1.34 | 27.11% |
| 000950.KS | 000950.KS | 2.78% | $1,000.76 | 3.75% |
| 001338.SZ | 001338.SZ | 2.78% | $0.34 | 50.86% |
| 082920.KQ | 082920.KQ | 2.78% | $459.92 | 17.96% |
| 600469.SS | 600469.SS | 2.78% | $0.19 | 61.56% |