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 % |
|---|---|---|---|---|
| TCN | TCN | 1.98% | $0.22 | 53.83% |
| 000617.SZ | 000617.SZ | 1.97% | $0.19 | 55.65% |
| 013580.KS | 013580.KS | 1.97% | $399.95 | 6.19% |
| 600033.SS | 600033.SS | 1.97% | $0.08 | 27.53% |
| 603337.SS | 603337.SS | 1.97% | $0.85 | 44.29% |
| 603338.SS | 603338.SS | 1.97% | $1.12 | 32.10% |
| 605090.SS | 605090.SS | 1.97% | $0.85 | 42.14% |
| DEZ.DE | DEZ.DE | 1.97% | $0.17 | 99.16% |
| KEJU.JK | KEJU.JK | 1.97% | $13.00 | 42.56% |
| LOGN.SW | LOGN.SW | 1.97% | $1.60 | 36.80% |
| NTSC.BK | NTSC.BK | 1.97% | $0.12 | 13.98% |
| 000220.KS | 000220.KS | 1.96% | $89.74 | 31.97% |
| 000862.SZ | 000862.SZ | 1.96% | $0.11 | 78.53% |
| 001333.SZ | 001333.SZ | 1.96% | $0.42 | 41.57% |
| 002926.SZ | 002926.SZ | 1.96% | $0.18 | 31.11% |
| 0QMI.L | 0QMI.L | 1.96% | $1.66 | 31.21% |
| 0R4W.L | 0R4W.L | 1.96% | $0.12 | 19.36% |
| 183300.KQ | 183300.KQ | 1.96% | $1,854.56 | 32.39% |
| 600031.SS | 600031.SS | 1.96% | $0.41 | 42.56% |
| 600449.SS | 600449.SS | 1.96% | $0.24 | 39.64% |
| 603477.SS | 603477.SS | 1.96% | $0.34 | 45.55% |
| 603650.SS | 603650.SS | 1.96% | $0.86 | 89.92% |
| EQB.TO | EQB.TO | 1.96% | $2.05 | 22.50% |
| EVROF.AT | EVROF.AT | 1.96% | $0.07 | 25.28% |
| HAGA.IC | HAGA.IC | 1.96% | $2.30 | 34.34% |
| INISS-B.ST | INISS-B.ST | 1.96% | $0.98 | 55.65% |
| TWPC.BK | TWPC.BK | 1.96% | $0.06 | 32.91% |
| 001358.SZ | 001358.SZ | 1.95% | $0.50 | 95.37% |
| 003039.SZ | 003039.SZ | 1.95% | $0.31 | 70.47% |
| 267250.KS | 267250.KS | 1.95% | $3,599.87 | 49.88% |
| 4553.T | 4553.T | 1.95% | $71.04 | 16.94% |
| 688236.SS | 688236.SS | 1.95% | $0.45 | 66.78% |
| MIDI.JK | MIDI.JK | 1.95% | $7.35 | 36.66% |
| 002662.SZ | 002662.SZ | 1.94% | $0.08 | 49.66% |
| 002697.SZ | 002697.SZ | 1.94% | $0.12 | 30.44% |
| 0345.HK | 0345.HK | 1.94% | $0.13 | 36.86% |
| 079430.KS | 079430.KS | 1.94% | $131.15 | 21.94% |
| 0GEG.L | 0GEG.L | 1.94% | $0.85 | 48.66% |
| 2229.T | 2229.T | 1.94% | $58.09 | 41.83% |
| 3284.T | 3284.T | 1.94% | $25.55 | 22.98% |
| 4819.T | 4819.T | 1.94% | $52.42 | 75.12% |
| 600061.SS | 600061.SS | 1.94% | $0.15 | 29.00% |
| 600356.SS | 600356.SS | 1.94% | $0.17 | 33.08% |
| 600563.SS | 600563.SS | 1.94% | $2.04 | 39.85% |
| 688468.SS | 688468.SS | 1.94% | $0.14 | 99.41% |
| 9610.SR | 9610.SR | 1.94% | $0.12 | 16.89% |
| ADMIE.AT | ADMIE.AT | 1.94% | $0.06 | 10.56% |
| MPHASIS.BO | MPHASIS.BO | 1.94% | $54.42 | 58.27% |
| TREL-B.ST | TREL-B.ST | 1.94% | $7.56 | 46.55% |
| 005740.KS | 005740.KS | 1.93% | $130.05 | 9.54% |