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 % |
|---|---|---|---|---|
| 600559.SS | 600559.SS | 2.78% | $0.45 | 64.37% |
| 600905.SS | 600905.SS | 2.78% | $0.11 | 61.03% |
| 9301.T | 9301.T | 2.78% | $33.29 | 24.28% |
| PMJS.JK | PMJS.JK | 2.78% | $3.20 | 46.17% |
| 001500.KS | 001500.KS | 2.77% | $219.20 | 27.59% |
| 002673.SZ | 002673.SZ | 2.77% | $0.22 | 50.84% |
| 016580.KS | 016580.KS | 2.77% | $300.29 | 27.91% |
| 3407.T | 3407.T | 2.77% | $38.41 | 37.00% |
| 603529.SS | 603529.SS | 2.77% | $0.82 | 33.96% |
| 6712.TWO | 6712.TWO | 2.77% | $4.65 | 78.29% |
| ALGLD.PA | ALGLD.PA | 2.77% | $0.09 | 53.50% |
| FRAGUAB.MX | FRAGUAB.MX | 2.77% | $15.08 | 30.80% |
| GSY.TO | GSY.TO | 2.77% | $3.65 | 26.22% |
| PLAZ-B.ST | PLAZ-B.ST | 2.77% | $2.05 | 34.89% |
| 002422.SZ | 002422.SZ | 2.76% | $0.81 | 77.67% |
| 002608.SZ | 002608.SZ | 2.76% | $0.20 | 21.73% |
| 0ABJ.L | 0ABJ.L | 2.76% | $2.29 | 58.73% |
| 0QML.L | 0QML.L | 2.76% | $34.00 | 14.12% |
| 0RH9.L | 0RH9.L | 2.76% | $5.03 | 70.88% |
| 300428.SZ | 300428.SZ | 2.76% | $0.64 | 52.10% |
| 5076.T | 5076.T | 2.76% | $58.99 | 34.86% |
| 603866.SS | 603866.SS | 2.76% | $0.15 | 60.39% |
| 000030.SZ | 000030.SZ | 2.75% | $0.16 | 40.40% |
| 002216.SZ | 002216.SZ | 2.75% | $0.31 | 50.18% |
| 002658.SZ | 002658.SZ | 2.75% | $0.25 | 75.22% |
| 017900.KS | 017900.KS | 2.75% | $49.63 | 64.11% |
| 035150.KS | 035150.KS | 2.75% | $355.83 | 16.51% |
| 4031.SR | 4031.SR | 2.75% | $1.00 | 47.84% |
| 5880.TW | 5880.TW | 2.75% | $0.67 | 54.40% |
| 601006.SS | 601006.SS | 2.75% | $0.14 | 42.92% |
| 6098.HK | 6098.HK | 2.75% | $0.17 | 74.92% |
| 688408.SS | 688408.SS | 2.75% | $1.16 | 77.11% |
| 7981.T | 7981.T | 2.75% | $80.21 | 37.23% |
| BMA.BA | BMA.BA | 2.75% | $382.29 | 58.85% |
| BN4.SI | BN4.SI | 2.75% | $0.29 | 75.31% |
| XRF.AX | XRF.AX | 2.75% | $0.06 | 42.12% |
| 002034.SZ | 002034.SZ | 2.74% | $0.44 | 34.20% |
| 002170.KS | 002170.KS | 2.74% | $1,511.77 | 30.07% |
| 002936.SZ | 002936.SZ | 2.74% | $0.05 | 25.12% |
| F17.SI | F17.SI | 2.74% | $0.06 | 48.52% |
| IZS.WA | IZS.WA | 2.74% | $0.09 | 21.81% |
| MAJOR-R.BK | MAJOR-R.BK | 2.74% | $0.19 | 28.63% |
| 4704.T | 4704.T | 2.73% | $177.43 | 67.34% |
| 600826.SS | 600826.SS | 2.73% | $0.29 | 72.85% |
| 600976.SS | 600976.SS | 2.73% | $0.92 | 43.09% |
| 601728.SS | 601728.SS | 2.73% | $0.17 | 43.22% |
| 7036.T | 7036.T | 2.73% | $31.76 | 95.99% |
| BYMA.BA | BYMA.BA | 2.73% | $8.24 | 40.37% |
| CRIV3.SA | CRIV3.SA | 2.73% | $0.19 | 98.46% |
| PND.F | PND.F | 2.73% | $0.57 | 73.97% |