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 % |
|---|---|---|---|---|
| 603060.SS | 603060.SS | 2.34% | $0.14 | 65.87% |
| 603527.SS | 603527.SS | 2.34% | $0.26 | 60.72% |
| 6239.T | 6239.T | 2.34% | $33.90 | 30.69% |
| 7277.KL | 7277.KL | 2.34% | $0.04 | 78.99% |
| 7708.TWO | 7708.TWO | 2.34% | $2.24 | 40.19% |
| 7947.T | 7947.T | 2.34% | $61.47 | 35.92% |
| 7966.T | 7966.T | 2.34% | $103.34 | 53.86% |
| ENGI11.SA | ENGI11.SA | 2.34% | $1.10 | 76.21% |
| IHG.L | IHG.L | 2.34% | $3.28 | 37.32% |
| JR.BK | JR.BK | 2.34% | $0.04 | 36.34% |
| SMRA.JK | SMRA.JK | 2.34% | $8.99 | 15.00% |
| 002056.SZ | 002056.SZ | 2.33% | $0.45 | 30.92% |
| 002538.SZ | 002538.SZ | 2.33% | $0.15 | 57.55% |
| 0QMR.L | 0QMR.L | 2.33% | $17.99 | 69.21% |
| 1322.SR | 1322.SR | 2.33% | $2.08 | 73.41% |
| 300743.SZ | 300743.SZ | 2.33% | $0.52 | 71.84% |
| 601566.SS | 601566.SS | 2.33% | $0.31 | 50.03% |
| 605319.SS | 605319.SS | 2.33% | $0.49 | 37.82% |
| GIMB.BR | GIMB.BR | 2.33% | $1.02 | 9.10% |
| MOSHI.BK | MOSHI.BK | 2.33% | $0.81 | 43.67% |
| 002939.SZ | 002939.SZ | 2.32% | $0.24 | 39.54% |
| 004360.KS | 004360.KS | 2.32% | $325.95 | 11.33% |
| 1283.HK | 1283.HK | 2.32% | $0.04 | 37.03% |
| 2301.T | 2301.T | 2.32% | $40.61 | 28.97% |
| 4887.T | 4887.T | 2.32% | $54.74 | 64.15% |
| 600079.SS | 600079.SS | 2.32% | $0.42 | 48.02% |
| 600299.SS | 600299.SS | 2.32% | $0.21 | 46.81% |
| 605158.SS | 605158.SS | 2.32% | $0.19 | 57.15% |
| 7287.T | 7287.T | 2.32% | $50.60 | 31.92% |
| 7914.T | 7914.T | 2.32% | $36.67 | 27.27% |
| AZZA3.SA | AZZA3.SA | 2.32% | $0.59 | 15.77% |
| HUFV-A.ST | HUFV-A.ST | 2.32% | $2.82 | 51.40% |
| 002043.SZ | 002043.SZ | 2.31% | $0.33 | 37.20% |
| 1214.SR | 1214.SR | 2.31% | $0.50 | 34.65% |
| 300832.SZ | 300832.SZ | 2.31% | $1.30 | 61.96% |
| 600233.SS | 600233.SS | 2.31% | $0.38 | 32.72% |
| 6277.T | 6277.T | 2.31% | $130.24 | 42.63% |
| 6728.T | 6728.T | 2.31% | $163.69 | 55.14% |
| 9251.T | 9251.T | 2.31% | $27.86 | 39.35% |
| 9783.T | 9783.T | 2.31% | $59.98 | 89.83% |
| ALLEC.PA | ALLEC.PA | 2.31% | $0.67 | 46.99% |
| ELIT.JK | ELIT.JK | 2.31% | $5.00 | 34.02% |
| LUXF.BK | LUXF.BK | 2.31% | $0.21 | 14.86% |
| STEC-R.BK | STEC-R.BK | 2.31% | $0.15 | 95.24% |
| 000513.SZ | 000513.SZ | 2.30% | $0.79 | 32.65% |
| 000959.SZ | 000959.SZ | 2.30% | $0.11 | 71.65% |
| 002941.SZ | 002941.SZ | 2.30% | $0.36 | 43.85% |
| 2838.TW | 2838.TW | 2.30% | $0.45 | 36.18% |
| 2947.TWO | 2947.TWO | 2.30% | $1.90 | 56.70% |
| 2HRA.DE | 2HRA.DE | 2.30% | $0.10 | 45.84% |