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 % |
|---|---|---|---|---|
| 017810.KS | 017810.KS | 2.55% | $331.61 | 65.57% |
| 023160.KQ | 023160.KQ | 2.55% | $535.13 | 21.10% |
| 3152.TWO | 3152.TWO | 2.55% | $3.66 | 36.41% |
| 600415.SS | 600415.SS | 2.55% | $0.41 | 53.66% |
| 601808.SS | 601808.SS | 2.55% | $0.36 | 43.75% |
| 7606.T | 7606.T | 2.55% | $62.63 | 43.42% |
| CYRE3.SA | CYRE3.SA | 2.55% | $0.61 | 12.29% |
| JUNGH.SW | JUNGH.SW | 2.55% | $0.79 | 22.62% |
| RENT3.SA | RENT3.SA | 2.55% | $1.11 | 66.67% |
| 002380.KS | 002380.KS | 2.54% | $10,000.23 | 6.25% |
| 1527.HK | 1527.HK | 2.54% | $0.05 | 4.95% |
| 5212.KL | 5212.KL | 2.54% | $0.05 | 39.63% |
| 5489.TWO | 5489.TWO | 2.54% | $1.02 | 50.42% |
| 600273.SS | 600273.SS | 2.54% | $0.22 | 28.18% |
| 600724.SS | 600724.SS | 2.54% | $0.15 | 96.79% |
| 7505.T | 7505.T | 2.54% | $48.50 | 22.36% |
| 8850.T | 8850.T | 2.54% | $121.52 | 25.36% |
| BLAU3.SA | BLAU3.SA | 2.54% | $0.35 | 19.81% |
| 2367.HK | 2367.HK | 2.53% | $0.87 | 22.55% |
| 2701.TW | 2701.TW | 2.53% | $0.28 | 52.89% |
| 600963.SS | 600963.SS | 2.53% | $0.12 | 48.95% |
| 603697.SS | 603697.SS | 2.53% | $0.31 | 63.16% |
| CK-R.BK | CK-R.BK | 2.53% | $0.30 | 25.56% |
| SCHO.CO | SCHO.CO | 2.53% | $16.81 | 42.51% |
| 003006.SZ | 003006.SZ | 2.52% | $0.55 | 80.44% |
| 5191.T | 5191.T | 2.52% | $66.01 | 23.54% |
| 600406.SS | 600406.SS | 2.52% | $0.57 | 56.63% |
| 600909.SS | 600909.SS | 2.52% | $0.17 | 38.30% |
| 603811.SS | 603811.SS | 2.52% | $0.26 | 37.15% |
| BESALCO.SN | BESALCO.SN | 2.52% | $30.59 | 34.76% |
| 000019.SZ | 000019.SZ | 2.51% | $0.17 | 62.11% |
| 094820.KQ | 094820.KQ | 2.51% | $320.01 | 48.44% |
| 0QVR.L | 0QVR.L | 2.51% | $2.49 | 52.58% |
| 4041.T | 4041.T | 2.51% | $90.77 | 32.02% |
| 600056.SS | 600056.SS | 2.51% | $0.26 | 71.36% |
| 605169.SS | 605169.SS | 2.51% | $0.33 | 91.06% |
| 6691.TW | 6691.TW | 2.51% | $13.92 | 62.80% |
| 7483.T | 7483.T | 2.51% | $82.93 | 37.87% |
| GPSC-R.BK | GPSC-R.BK | 2.51% | $0.90 | 51.48% |
| HOVE.CO | HOVE.CO | 2.51% | $0.14 | 34.71% |
| NOLA-B.ST | NOLA-B.ST | 2.51% | $1.50 | 51.20% |
| 0QNH.L | 0QNH.L | 2.50% | $3.61 | 49.61% |
| 100840.KS | 100840.KS | 2.50% | $899.87 | 27.57% |
| 138490.KS | 138490.KS | 2.50% | $200.40 | 17.45% |
| 2612.T | 2612.T | 2.50% | $99.85 | 34.73% |
| 603112.SS | 603112.SS | 2.50% | $0.43 | 43.19% |
| 603766.SS | 603766.SS | 2.50% | $0.40 | 45.87% |
| ISCTR.IS | ISCTR.IS | 2.50% | $0.36 | 16.38% |
| 002539.SZ | 002539.SZ | 2.49% | $0.29 | 41.75% |
| 2542.TW | 2542.TW | 2.49% | $0.98 | 39.34% |