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 | $263.70 | |
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 | 0.39% | 0.37% | 0.36% | 0.34% | 0.33% | 0.30% | 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
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| 035810.KQ | 035810.KQ | 9.64% | $435.28 | 87.39% |
| 0623.HK | 0623.HK | 9.64% | $0.19 | 44.98% |
| ITSA3.SA | ITSA3.SA | 9.64% | $1.17 | 80.68% |
| MFG.AX | MFG.AX | 9.64% | $0.96 | 34.94% |
| PMTA.BK | PMTA.BK | 9.64% | $0.98 | 60.98% |
| 2989.T | 2989.T | 9.63% | $11,143.48 | 89.54% |
| SBMO.AS | SBMO.AS | 9.63% | $2.38 | 53.44% |
| 0576.HK | 0576.HK | 9.62% | $0.69 | 74.90% |
| INVEST.HE | INVEST.HE | 9.62% | $0.36 | 63.41% |
| MFEC.BK | MFEC.BK | 9.62% | $0.50 | 94.79% |
| PIKK.ME | PIKK.ME | 9.61% | $45.94 | 31.14% |
| 6868.HK | 6868.HK | 9.60% | $0.26 | 93.07% |
| 601077.SS | 601077.SS | 9.58% | $0.62 | 86.18% |
| SIQ.AX | SIQ.AX | 9.58% | $0.87 | 77.09% |
| 5012.KL | 5012.KL | 9.57% | $0.40 | 93.61% |
| PAC.AX | PAC.AX | 9.57% | $0.96 | 23.44% |
| MTO.AX | MTO.AX | 9.56% | $0.30 | 68.86% |
| HME.V | HME.V | 9.55% | $0.19 | 57.92% |
| 0382.HK | 0382.HK | 9.54% | $0.14 | 12.43% |
| 0OQQ.L | 0OQQ.L | 9.54% | $4.03 | 86.81% |
| VIE.PA | VIE.PA | 9.53% | $2.87 | 97.23% |
| 0QJX.L | 0QJX.L | 9.52% | $1.81 | 96.44% |
| 601998.SS | 601998.SS | 9.51% | $0.73 | 68.88% |
| 0752.HK | 0752.HK | 9.50% | $0.25 | 45.55% |
| MRN.PA | MRN.PA | 9.50% | $2.30 | 45.40% |
| MTS.AX | MTS.AX | 9.50% | $0.31 | 64.02% |
| SYNE3.SA | SYNE3.SA | 9.50% | $0.46 | 59.20% |
| TEXF.BR | TEXF.BR | 9.50% | $3.40 | 63.35% |
| 601997.SS | 601997.SS | 9.49% | $0.56 | 39.86% |
| WMA.AX | WMA.AX | 9.49% | $0.10 | 9.12% |
| 0135.HK | 0135.HK | 9.48% | $0.70 | 52.47% |
| SC-R.BK | SC-R.BK | 9.47% | $0.16 | 48.63% |
| 0DLI.L | 0DLI.L | 9.45% | $2.40 | 67.74% |
| AFYA | AFYA | 9.45% | $1.41 | 17.69% |
| BBRI.JK | BBRI.JK | 9.44% | $343.60 | 92.61% |
| TEKA.BK | TEKA.BK | 9.44% | $0.16 | 96.55% |
| 8964.T | 8964.T | 9.39% | $8,736.61 | 96.39% |
| ALLA.BK | ALLA.BK | 9.39% | $0.11 | 77.39% |
| 4333.SR | 4333.SR | 9.38% | $0.96 | 70.19% |
| SHL.AX | SHL.AX | 9.38% | $2.11 | 98.90% |
| TQM-R.BK | TQM-R.BK | 9.37% | $1.08 | 82.74% |
| 0882.HK | 0882.HK | 9.36% | $0.23 | 21.27% |
| 0O84.L | 0O84.L | 9.36% | $17.52 | 55.97% |
| 4339.SR | 4339.SR | 9.36% | $0.49 | 82.63% |
| 601390.SS | 601390.SS | 9.35% | $0.51 | 50.32% |
| CPA | CPA | 9.35% | $11.39 | 70.44% |
| BRSR3.SA | BRSR3.SA | 9.34% | $1.56 | 49.87% |
| RET.BR | RET.BR | 9.34% | $5.97 | 46.68% |
| 0265.HK | 0265.HK | 9.33% | $0.18 | 68.15% |
| KGKC.ME | KGKC.ME | 9.33% | $4.03 | 70.77% |