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 % |
|---|---|---|---|---|
| 0FNZ.L | 0FNZ.L | 1.93% | $0.50 | 25.56% |
| 5278.TWO | 5278.TWO | 1.93% | $0.61 | 63.56% |
| 7080.T | 7080.T | 1.93% | $15.88 | 18.18% |
| CROS.PA | CROS.PA | 1.93% | $0.21 | 60.81% |
| SALFACORP.SN | SALFACORP.SN | 1.93% | $23.48 | 29.64% |
| 004770.KS | 004770.KS | 1.92% | $30.30 | 25.98% |
| 0083.HK | 0083.HK | 1.92% | $0.20 | 21.48% |
| 114090.KS | 114090.KS | 1.92% | $281.61 | 39.11% |
| 200880.KS | 200880.KS | 1.92% | $250.04 | 6.17% |
| 2874.T | 2874.T | 1.92% | $24.25 | 72.26% |
| 600642.SS | 600642.SS | 1.92% | $0.15 | 18.42% |
| 600995.SS | 600995.SS | 1.92% | $0.24 | 50.98% |
| 603158.SS | 603158.SS | 1.92% | $0.20 | 63.30% |
| 603214.SS | 603214.SS | 1.92% | $0.33 | 41.13% |
| 603298.SS | 603298.SS | 1.92% | $0.51 | 30.38% |
| 603725.SS | 603725.SS | 1.92% | $0.18 | 45.17% |
| 605162.SS | 605162.SS | 1.92% | $0.16 | 50.25% |
| AAK.ST | AAK.ST | 1.92% | $4.98 | 38.08% |
| NYF.ST | NYF.ST | 1.92% | $1.40 | 48.74% |
| PAS.WA | PAS.WA | 1.92% | $2.26 | 17.62% |
| 300303.SZ | 300303.SZ | 1.91% | $0.13 | 57.25% |
| 301552.SZ | 301552.SZ | 1.91% | $0.71 | 43.10% |
| 4303.TWO | 4303.TWO | 1.91% | $1.16 | 7.73% |
| 600717.SS | 600717.SS | 1.91% | $0.09 | 28.13% |
| 603269.SS | 603269.SS | 1.91% | $0.25 | 70.74% |
| 603733.SS | 603733.SS | 1.91% | $0.46 | 36.40% |
| KRN.DE | KRN.DE | 1.91% | $2.60 | 28.35% |
| NKNC.ME | NKNC.ME | 1.91% | $1.49 | 6.74% |
| TFFIF.BK | TFFIF.BK | 1.91% | $0.12 | 5.95% |
| 002970.SZ | 002970.SZ | 1.90% | $0.92 | 47.47% |
| 088350.KS | 088350.KS | 1.90% | $61.91 | 6.15% |
| 2547.TW | 2547.TW | 1.90% | $0.20 | 8.24% |
| 300760.SZ | 300760.SZ | 1.90% | $3.62 | 51.04% |
| 600323.SS | 600323.SS | 1.90% | $0.54 | 23.47% |
| 603806.SS | 603806.SS | 1.90% | $0.27 | 93.87% |
| ANE.MC | ANE.MC | 1.90% | $0.44 | 19.14% |
| ARML3.SA | ARML3.SA | 1.90% | $0.09 | 55.38% |
| CRSN.JK | CRSN.JK | 1.90% | $2.35 | 24.82% |
| CSAB3.SA | CSAB3.SA | 1.90% | $0.58 | 29.45% |
| GFNORTEO.MX | GFNORTEO.MX | 1.90% | $3.26 | 17.54% |
| GULF-R.BK | GULF-R.BK | 1.90% | $0.79 | 14.96% |
| RDOR3.SA | RDOR3.SA | 1.90% | $0.77 | 38.15% |
| 300119.SZ | 300119.SZ | 1.89% | $0.35 | 38.42% |
| 3305.TW | 3305.TW | 1.89% | $2.05 | 72.44% |
| 4150.SR | 4150.SR | 1.89% | $0.43 | 42.09% |
| 4203.T | 4203.T | 1.89% | $97.84 | 43.46% |
| 5053.KL | 5053.KL | 1.89% | $0.03 | 11.22% |
| 6376.T | 6376.T | 1.89% | $29.94 | 28.66% |
| ADMCM.HE | ADMCM.HE | 1.89% | $0.81 | 41.55% |
| MMK.VI | MMK.VI | 1.89% | $1.80 | 15.04% |