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 % |
|---|---|---|---|---|
| 4151.T | 4151.T | 2.30% | $58.23 | 79.35% |
| 6526.T | 6526.T | 2.30% | $50.35 | 88.64% |
| 8876.T | 8876.T | 2.30% | $39.45 | 30.35% |
| 8923.T | 8923.T | 2.30% | $39.48 | 27.05% |
| CAV1V.HE | CAV1V.HE | 2.30% | $0.20 | 33.17% |
| REJL-B.ST | REJL-B.ST | 2.30% | $4.41 | 46.32% |
| 000739.SZ | 000739.SZ | 2.29% | $0.37 | 49.76% |
| 0103.HK | 0103.HK | 2.29% | $0.07 | 36.62% |
| 016880.KS | 016880.KS | 2.29% | $51.87 | 4.40% |
| 0N0B.L | 0N0B.L | 2.29% | $2.31 | 88.32% |
| 4090.SR | 4090.SR | 2.29% | $0.75 | 50.33% |
| 4322.SR | 4322.SR | 2.29% | $0.27 | 47.98% |
| DITTO-R.BK | DITTO-R.BK | 2.29% | $0.25 | 31.94% |
| INDIAMART.BO | INDIAMART.BO | 2.29% | $49.79 | 55.81% |
| Q0F.SI | Q0F.SI | 2.29% | $0.06 | 24.43% |
| 600531.SS | 600531.SS | 2.28% | $0.27 | 36.36% |
| 605258.SS | 605258.SS | 2.28% | $0.71 | 90.23% |
| 9580.SR | 9580.SR | 2.28% | $1.12 | 17.64% |
| LEMON.HE | LEMON.HE | 2.28% | $0.14 | 60.80% |
| NIL-B.ST | NIL-B.ST | 2.28% | $1.50 | 28.94% |
| RAA.DE | RAA.DE | 2.28% | $15.00 | 66.90% |
| 002612.SZ | 002612.SZ | 2.27% | $0.46 | 19.77% |
| 0S9E.L | 0S9E.L | 2.27% | $0.47 | 48.82% |
| 1717.HK | 1717.HK | 2.27% | $0.05 | 25.74% |
| 300898.SZ | 300898.SZ | 2.27% | $0.61 | 78.87% |
| 6326.T | 6326.T | 2.27% | $50.29 | 32.77% |
| ANN.AX | ANN.AX | 2.27% | $0.80 | 65.03% |
| KMP-UN.TO | KMP-UN.TO | 2.27% | $0.37 | 8.57% |
| 024900.KS | 024900.KS | 2.26% | $49.00 | 19.20% |
| 2204.T | 2204.T | 2.26% | $69.48 | 51.40% |
| 688389.SS | 688389.SS | 2.26% | $0.29 | 50.03% |
| ACN | ACN | 2.26% | $5.87 | 48.14% |
| 002949.SZ | 002949.SZ | 2.25% | $0.35 | 81.66% |
| 082640.KS | 082640.KS | 2.25% | $144.08 | 13.49% |
| 178920.KS | 178920.KS | 2.25% | $350.06 | 36.50% |
| 4708.T | 4708.T | 2.25% | $32.93 | 49.64% |
| 600335.SS | 600335.SS | 2.25% | $0.15 | 48.99% |
| 603087.SS | 603087.SS | 2.25% | $1.53 | 97.20% |
| 6703.T | 6703.T | 2.25% | $44.75 | 36.33% |
| 9556.SR | 9556.SR | 2.25% | $0.23 | 31.29% |
| 9828.T | 9828.T | 2.25% | $70.00 | 25.83% |
| L3H.F | L3H.F | 2.25% | $1.44 | 58.25% |
| LLYC.MC | LLYC.MC | 2.25% | $0.16 | 22.13% |
| PECOS.BO | PECOS.BO | 2.25% | $6.50 | 32.07% |
| PTSP.JK | PTSP.JK | 2.25% | $22.73 | 26.81% |
| 006890.KS | 006890.KS | 2.24% | $179.51 | 29.43% |
| 600426.SS | 600426.SS | 2.24% | $0.70 | 46.22% |
| 601918.SS | 601918.SS | 2.24% | $0.15 | 18.77% |
| 7547.TWO | 7547.TWO | 2.24% | $1.28 | 40.76% |
| 7984.T | 7984.T | 2.24% | $19.62 | 44.02% |