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 % |
|---|---|---|---|---|
| QFBQ.QA | QFBQ.QA | 2.69% | $0.05 | 32.62% |
| 002442.SZ | 002442.SZ | 2.68% | $0.17 | 99.79% |
| 016800.KS | 016800.KS | 2.68% | $1,200.17 | 30.47% |
| 265520.KQ | 265520.KQ | 2.68% | $538.10 | 30.22% |
| 300896.SZ | 300896.SZ | 2.68% | $3.80 | 78.17% |
| 3123.T | 3123.T | 2.68% | $16.14 | 26.87% |
| 9057.T | 9057.T | 2.68% | $96.08 | 31.06% |
| CHC.AX | CHC.AX | 2.68% | $0.65 | 53.83% |
| IFT.AX | IFT.AX | 2.68% | $0.26 | 47.86% |
| KRZ.IR | KRZ.IR | 2.68% | $2.04 | 27.68% |
| MGH.AX | MGH.AX | 2.68% | $0.15 | 37.02% |
| NOA | NOA | 2.68% | $0.39 | 32.95% |
| U06.SI | U06.SI | 2.68% | $0.09 | 24.45% |
| 000089.SZ | 000089.SZ | 2.67% | $0.19 | 65.57% |
| 000830.SZ | 000830.SZ | 2.67% | $0.44 | 57.18% |
| 005820.KS | 005820.KS | 2.67% | $399.88 | 22.01% |
| 007980.KS | 007980.KS | 2.67% | $51.62 | 7.46% |
| 049800.KS | 049800.KS | 2.67% | $50.67 | 26.03% |
| 300009.SZ | 300009.SZ | 2.67% | $0.26 | 62.51% |
| 6220.TWO | 6220.TWO | 2.67% | $0.69 | 89.25% |
| 002753.SZ | 002753.SZ | 2.66% | $0.19 | 90.03% |
| 011200.KS | 011200.KS | 2.66% | $537.67 | 22.84% |
| 014830.KS | 014830.KS | 2.66% | $1,782.26 | 16.95% |
| 023450.KS | 023450.KS | 2.66% | $914.85 | 45.96% |
| 210540.KS | 210540.KS | 2.66% | $350.13 | 14.53% |
| 600729.SS | 600729.SS | 2.66% | $0.69 | 21.76% |
| 7282.T | 7282.T | 2.66% | $104.88 | 29.11% |
| 7989.T | 7989.T | 2.66% | $52.44 | 33.02% |
| 9699.T | 9699.T | 2.66% | $125.96 | 28.89% |
| 069730.KS | 069730.KS | 2.65% | $99.93 | 6.22% |
| 118990.KQ | 118990.KQ | 2.65% | $249.25 | 35.67% |
| OLGERD.IC | OLGERD.IC | 2.65% | $0.48 | 62.79% |
| 084010.KS | 084010.KS | 2.64% | $516.54 | 29.55% |
| 0DH7.L | 0DH7.L | 2.64% | $4.97 | 52.35% |
| 1504.TW | 1504.TW | 2.64% | $2.23 | 87.91% |
| 2587.T | 2587.T | 2.64% | $125.00 | 45.12% |
| 6922.TWO | 6922.TWO | 2.64% | $4.54 | 61.30% |
| SHR.BK | SHR.BK | 2.64% | $0.05 | 33.96% |
| 002871.SZ | 002871.SZ | 2.63% | $0.47 | 79.89% |
| 600918.SS | 600918.SS | 2.63% | $0.17 | 68.20% |
| 8572.T | 8572.T | 2.63% | $13.00 | 38.71% |
| LIAB.ST | LIAB.ST | 2.63% | $5.40 | 76.19% |
| MYOR.JK | MYOR.JK | 2.63% | $57.38 | 45.12% |
| 002443.SZ | 002443.SZ | 2.62% | $0.21 | 64.11% |
| 039490.KS | 039490.KS | 2.62% | $7,904.33 | 20.30% |
| 155660.KS | 155660.KS | 2.62% | $100.15 | 11.70% |
| 4263.SR | 4263.SR | 2.62% | $4.23 | 55.27% |
| AFK.OL | AFK.OL | 2.62% | $3.52 | 5.05% |
| INSTAL.ST | INSTAL.ST | 2.62% | $0.68 | 65.47% |
| 000048.SZ | 000048.SZ | 2.61% | $0.46 | 58.98% |