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 % |
|---|---|---|---|---|
| PHN.MI | PHN.MI | 1.89% | $1.02 | 54.97% |
| 002117.SZ | 002117.SZ | 1.88% | $0.26 | 67.89% |
| 031440.KS | 031440.KS | 1.88% | $899.98 | 14.67% |
| 1590.TW | 1590.TW | 1.88% | $17.98 | 45.66% |
| 2678.HK | 2678.HK | 1.88% | $0.09 | 6.21% |
| 4112.T | 4112.T | 1.88% | $42.16 | 32.13% |
| 4739.T | 4739.T | 1.88% | $81.13 | 50.53% |
| 600499.SS | 600499.SS | 1.88% | $0.26 | 34.23% |
| 6594.T | 6594.T | 1.88% | $40.05 | 25.72% |
| GFPT-R.BK | GFPT-R.BK | 1.88% | $0.20 | 10.54% |
| NGI.AX | NGI.AX | 1.88% | $0.06 | 19.77% |
| SVW.AX | SVW.AX | 1.88% | $0.87 | 31.55% |
| 002461.SZ | 002461.SZ | 1.87% | $0.17 | 40.51% |
| 002788.SZ | 002788.SZ | 1.87% | $0.40 | 49.91% |
| 600600.SS | 600600.SS | 1.87% | $1.14 | 33.65% |
| 600900.SS | 600900.SS | 1.87% | $0.51 | 37.99% |
| 603238.SS | 603238.SS | 1.87% | $0.33 | 48.05% |
| 6875.T | 6875.T | 1.87% | $148.17 | 88.24% |
| 7095.KL | 7095.KL | 1.87% | $0.05 | 44.49% |
| 8334.T | 8334.T | 1.87% | $32.37 | 26.45% |
| BVB.DE | BVB.DE | 1.87% | $0.06 | 23.76% |
| DNG.TO | DNG.TO | 1.87% | $0.10 | 28.25% |
| ICNC-UN | ICNC-UN | 1.87% | $0.20 | 30.34% |
| PAZ.SN | PAZ.SN | 1.87% | $14.99 | 26.20% |
| 002756.SZ | 002756.SZ | 1.86% | $1.01 | 88.45% |
| 006980.KS | 006980.KS | 1.86% | $299.97 | 2.95% |
| 084110.KQ | 084110.KQ | 1.86% | $939.20 | 47.07% |
| 4100.SR | 4100.SR | 1.86% | $1.48 | 66.05% |
| 603867.SS | 603867.SS | 1.86% | $0.47 | 38.85% |
| 6849.T | 6849.T | 1.86% | $31.32 | 28.12% |
| 9515.SR | 9515.SR | 1.86% | $0.18 | 24.81% |
| CIMSA.IS | CIMSA.IS | 1.86% | $0.85 | 43.17% |
| EGATIF.BK | EGATIF.BK | 1.86% | $0.11 | 22.36% |
| ESNT | ESNT | 1.86% | $1.21 | 17.35% |
| RVRC.ST | RVRC.ST | 1.86% | $1.20 | 44.59% |
| 002803.SZ | 002803.SZ | 1.85% | $0.30 | 49.75% |
| 2467.TW | 2467.TW | 1.85% | $4.99 | 98.76% |
| 300160.SZ | 300160.SZ | 1.85% | $0.10 | 37.25% |
| 600609.SS | 600609.SS | 1.85% | $0.09 | 41.26% |
| 601882.SS | 601882.SS | 1.85% | $0.36 | 41.14% |
| 603199.SS | 603199.SS | 1.85% | $0.68 | 35.31% |
| 7245.T | 7245.T | 1.85% | $18.16 | 30.01% |
| BTG | BTG | 1.85% | $0.08 | 56.43% |
| COIC.ST | COIC.ST | 1.85% | $4.25 | 55.44% |
| MPCC.OL | MPCC.OL | 1.85% | $0.32 | 56.17% |
| 000823.SZ | 000823.SZ | 1.84% | $0.25 | 54.48% |
| 0529.HK | 0529.HK | 1.84% | $0.04 | 3.76% |
| 0KBI.L | 0KBI.L | 1.84% | $1.75 | 66.92% |
| 300866.SZ | 300866.SZ | 1.84% | $2.10 | 43.92% |
| 4013.SR | 4013.SR | 1.84% | $4.72 | 70.08% |