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 | $263.70 | |
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 | 0.39% | 0.37% | 0.36% | 0.34% | 0.33% | 0.30% | 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 % |
|---|---|---|---|---|
| RIVER.OL | RIVER.OL | 10.78% | $0.43 | 64.39% |
| RZSB.ME | RZSB.ME | 10.78% | $3.71 | 68.15% |
| 1193.HK | 1193.HK | 10.77% | $2.30 | 64.05% |
| 601166.SS | 601166.SS | 10.76% | $2.27 | 62.03% |
| 7757.TWO | 7757.TWO | 10.76% | $12.48 | 63.66% |
| KYLO.AT | KYLO.AT | 10.71% | $0.40 | 88.89% |
| 0220.HK | 0220.HK | 10.69% | $0.86 | 94.83% |
| 9919.HK | 9919.HK | 10.69% | $0.11 | 46.94% |
| 1358.HK | 1358.HK | 10.66% | $0.14 | 68.89% |
| 1809.HK | 1809.HK | 10.66% | $0.85 | 21.37% |
| LCS.TO | LCS.TO | 10.66% | $1.18 | 17.54% |
| KSC.AX | KSC.AX | 10.64% | $0.35 | 77.01% |
| 2146.HK | 2146.HK | 10.62% | $0.15 | 24.06% |
| ALUP11.SA | ALUP11.SA | 10.60% | $3.39 | 96.11% |
| 2886.HK | 2886.HK | 10.58% | $0.12 | 36.55% |
| 601916.SS | 601916.SS | 10.58% | $0.32 | 63.30% |
| 3877.HK | 3877.HK | 10.55% | $0.22 | 34.11% |
| 2387.TW | 2387.TW | 10.53% | $4.05 | 79.22% |
| EMAAR.AE | EMAAR.AE | 10.52% | $1.49 | 86.86% |
| L-PB.TO | L-PB.TO | 10.50% | $2.62 | 31.91% |
| 0315.HK | 0315.HK | 10.48% | $0.50 | 57.53% |
| TGHN.DE | TGHN.DE | 10.47% | $26.80 | 57.77% |
| BJBR.JK | BJBR.JK | 10.46% | $85.25 | 89.95% |
| MASTER.BK | MASTER.BK | 10.45% | $0.78 | 65.02% |
| 0QQM.L | 0QQM.L | 10.44% | $14.51 | 94.28% |
| VCOM.BK | VCOM.BK | 10.44% | $0.31 | 85.35% |
| ANI.BK | ANI.BK | 10.43% | $0.31 | 94.26% |
| LPSB3.SA | LPSB3.SA | 10.43% | $0.17 | 83.48% |
| 0842.HK | 0842.HK | 10.40% | $0.22 | 31.41% |
| 1600.HK | 1600.HK | 10.40% | $0.33 | 45.16% |
| 2111.HK | 2111.HK | 10.40% | $0.34 | 37.60% |
| OTL.OL | OTL.OL | 10.40% | $5.97 | 71.20% |
| RCO.PA | RCO.PA | 10.38% | $3.77 | 63.28% |
| 1979.HK | 1979.HK | 10.37% | $0.23 | 29.45% |
| 6938.TWO | 6938.TWO | 10.34% | $8.35 | 70.00% |
| 0032.HK | 0032.HK | 10.33% | $0.84 | 29.78% |
| TPBI.BK | TPBI.BK | 10.33% | $0.30 | 61.20% |
| ALFLE.PA | ALFLE.PA | 10.32% | $2.60 | 16.71% |
| 0916.HK | 0916.HK | 10.31% | $0.70 | 98.82% |
| KUBE.ME | KUBE.ME | 10.31% | $14.62 | 88.00% |
| BAZA3.SA | BAZA3.SA | 10.29% | $8.00 | 41.79% |
| 0QON.L | 0QON.L | 10.28% | $0.39 | 79.12% |
| NPR.AX | NPR.AX | 10.28% | $0.15 | 65.75% |
| FMG.AX | FMG.AX | 10.26% | $2.27 | 76.64% |
| GAGS.VI | GAGS.VI | 10.26% | $1.59 | 99.02% |
| 1525.HK | 1525.HK | 10.25% | $0.27 | 22.33% |
| LHHOTEL.BK | LHHOTEL.BK | 10.25% | $1.33 | 58.58% |
| WAX.AX | WAX.AX | 10.25% | $0.12 | 10.33% |
| 0006.HK | 0006.HK | 10.23% | $5.64 | 98.48% |
| 151860.KQ | 151860.KQ | 10.21% | $561.51 | 30.85% |