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 % |
|---|---|---|---|---|
| 5139.KL | 5139.KL | 2.49% | $0.14 | 21.23% |
| MOBA.OL | MOBA.OL | 2.49% | $0.40 | 35.32% |
| NOKIA.HE | NOKIA.HE | 2.49% | $0.14 | 65.00% |
| SUNI.JK | SUNI.JK | 2.49% | $20.78 | 27.09% |
| TIPCO.BK | TIPCO.BK | 2.49% | $0.19 | 33.58% |
| 003220.KS | 003220.KS | 2.48% | $297.36 | 78.76% |
| 081000.KS | 081000.KS | 2.48% | $298.16 | 39.09% |
| 2489.HK | 2489.HK | 2.48% | $0.03 | 48.82% |
| 2755.TWO | 2755.TWO | 2.48% | $2.90 | 54.00% |
| 5474.TWO | 5474.TWO | 2.48% | $3.99 | 63.53% |
| 6665.TWO | 6665.TWO | 2.48% | $0.51 | 86.65% |
| 7276.T | 7276.T | 2.48% | $57.37 | 33.13% |
| BREB.BR | BREB.BR | 2.48% | $2.66 | 20.88% |
| ICBP.JK | ICBP.JK | 2.48% | $200.00 | 25.69% |
| ILU.AX | ILU.AX | 2.48% | $0.15 | 13.66% |
| LOXLEY.BK | LOXLEY.BK | 2.48% | $0.03 | 32.70% |
| 203450.KQ | 203450.KQ | 2.47% | $77.45 | 17.43% |
| 300138.SZ | 300138.SZ | 2.47% | $0.31 | 44.10% |
| 600854.SS | 600854.SS | 2.47% | $0.12 | 53.56% |
| 601108.SS | 601108.SS | 2.47% | $0.22 | 38.34% |
| ACTINVRB.MX | ACTINVRB.MX | 2.47% | $0.55 | 16.64% |
| ALCIS.PA | ALCIS.PA | 2.47% | $0.34 | 26.64% |
| QBR-A.TO | QBR-A.TO | 2.47% | $1.37 | 38.63% |
| U13.SI | U13.SI | 2.47% | $0.19 | 47.92% |
| 002415.SZ | 002415.SZ | 2.46% | $0.74 | 51.16% |
| 2897.T | 2897.T | 2.46% | $71.75 | 42.73% |
| 300144.SZ | 300144.SZ | 2.46% | $0.20 | 66.36% |
| 300257.SZ | 300257.SZ | 2.46% | $0.35 | 85.09% |
| 4452.T | 4452.T | 2.46% | $153.90 | 58.66% |
| 6530.TWO | 6530.TWO | 2.46% | $1.53 | 82.52% |
| 6571.T | 6571.T | 2.46% | $34.31 | 43.61% |
| 7298.T | 7298.T | 2.46% | $34.07 | 16.58% |
| 2478.TW | 2478.TW | 2.45% | $1.52 | 53.44% |
| 603305.SS | 603305.SS | 2.45% | $0.40 | 98.16% |
| 603919.SS | 603919.SS | 2.45% | $0.50 | 65.59% |
| 688616.SS | 688616.SS | 2.45% | $0.30 | 55.59% |
| KALMAR.HE | KALMAR.HE | 2.45% | $1.00 | 44.14% |
| TOWR.JK | TOWR.JK | 2.45% | $14.34 | 23.50% |
| VIVT3.SA | VIVT3.SA | 2.45% | $0.80 | 42.63% |
| 103140.KS | 103140.KS | 2.44% | $2,600.49 | 39.75% |
| 300017.SZ | 300017.SZ | 2.44% | $0.25 | 72.18% |
| 3086.T | 3086.T | 2.44% | $53.53 | 43.66% |
| 600182.SS | 600182.SS | 2.44% | $0.37 | 89.97% |
| 600785.SS | 600785.SS | 2.44% | $0.33 | 55.95% |
| 601636.SS | 601636.SS | 2.44% | $0.15 | 64.94% |
| ELET5.SA | ELET5.SA | 2.44% | $1.92 | 63.99% |
| LISN.SW | LISN.SW | 2.44% | $2,845.60 | 50.18% |
| SCA-A.ST | SCA-A.ST | 2.44% | $3.00 | 59.52% |
| 000858.SZ | 000858.SZ | 2.43% | $2.58 | 35.17% |
| 002328.SZ | 002328.SZ | 2.43% | $0.16 | 82.89% |