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 % |
|---|---|---|---|---|
| WAC.DE | WAC.DE | 2.39% | $0.60 | 66.56% |
| 002984.SZ | 002984.SZ | 2.38% | $0.50 | 36.63% |
| 003650.KS | 003650.KS | 2.38% | $2,999.96 | 9.11% |
| 008420.KS | 008420.KS | 2.38% | $49.93 | 45.80% |
| 033270.KS | 033270.KS | 2.38% | $452.59 | 15.84% |
| 2200.SR | 2200.SR | 2.38% | $0.11 | 19.59% |
| 600916.SS | 600916.SS | 2.38% | $0.19 | 75.48% |
| 6683.TWO | 6683.TWO | 2.38% | $9.98 | 65.32% |
| 8255.T | 8255.T | 2.38% | $27.39 | 26.77% |
| CPIN.JK | CPIN.JK | 2.38% | $108.00 | 46.06% |
| ECILC.IS | ECILC.IS | 2.38% | $1.99 | 55.96% |
| MALEE.BK | MALEE.BK | 2.38% | $0.10 | 27.58% |
| MERC4.SA | MERC4.SA | 2.38% | $0.30 | 33.30% |
| 002734.SZ | 002734.SZ | 2.37% | $0.38 | 41.84% |
| 0RC6.L | 0RC6.L | 2.37% | $0.79 | 33.20% |
| 601066.SS | 601066.SS | 2.37% | $0.63 | 49.15% |
| 601199.SS | 601199.SS | 2.37% | $0.13 | 30.40% |
| 6752.T | 6752.T | 2.37% | $48.00 | 35.05% |
| 8732.T | 8732.T | 2.37% | $11.22 | 56.03% |
| TMILL.BK | TMILL.BK | 2.37% | $0.05 | 50.08% |
| 000923.SZ | 000923.SZ | 2.36% | $0.50 | 62.02% |
| 003100.KQ | 003100.KQ | 2.36% | $450.00 | 9.05% |
| 0322.HK | 0322.HK | 2.36% | $0.28 | 37.83% |
| 092780.KS | 092780.KS | 2.36% | $80.04 | 13.83% |
| 194370.KS | 194370.KS | 2.36% | $289.30 | 14.00% |
| 300498.SZ | 300498.SZ | 2.36% | $0.40 | 33.81% |
| 3715.TW | 3715.TW | 2.36% | $3.00 | 87.49% |
| 601126.SS | 601126.SS | 2.36% | $0.71 | 74.03% |
| 603167.SS | 603167.SS | 2.36% | $0.22 | 36.07% |
| 6062.T | 6062.T | 2.36% | $29.93 | 33.34% |
| 6197.T | 6197.T | 2.36% | $20.04 | 42.12% |
| 6586.T | 6586.T | 2.36% | $111.80 | 37.02% |
| GUNA.JK | GUNA.JK | 2.36% | $7.18 | 27.33% |
| LLQ.SW | LLQ.SW | 2.36% | $0.83 | 54.12% |
| 003480.KS | 003480.KS | 2.35% | $109.43 | 4.27% |
| 007310.KS | 007310.KS | 2.35% | $9,000.86 | 30.39% |
| 200130.KQ | 200130.KQ | 2.35% | $308.53 | 62.12% |
| 5263.KL | 5263.KL | 2.35% | $0.13 | 63.40% |
| 7522.T | 7522.T | 2.35% | $22.69 | 23.93% |
| ALMOU.PA | ALMOU.PA | 2.35% | $0.52 | 45.03% |
| AMFG.JK | AMFG.JK | 2.35% | $80.25 | 25.12% |
| DIF.BK | DIF.BK | 2.35% | $0.22 | 19.79% |
| 002959.SZ | 002959.SZ | 2.34% | $0.99 | 44.00% |
| 069080.KQ | 069080.KQ | 2.34% | $303.46 | 28.97% |
| 2421.TW | 2421.TW | 2.34% | $3.71 | 51.15% |
| 300470.SZ | 300470.SZ | 2.34% | $0.88 | 45.78% |
| 3031.T | 3031.T | 2.34% | $15.14 | 38.54% |
| 4260.SR | 4260.SR | 2.34% | $1.45 | 33.16% |
| 600211.SS | 600211.SS | 2.34% | $1.00 | 32.69% |
| 600739.SS | 600739.SS | 2.34% | $0.26 | 46.23% |