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 % |
|---|---|---|---|---|
| 301151.SZ | 301151.SZ | 1.64% | $0.31 | 64.22% |
| 4912.T | 4912.T | 1.64% | $27.13 | 35.97% |
| 5328.TWO | 5328.TWO | 1.64% | $0.35 | 73.35% |
| 600256.SS | 600256.SS | 1.64% | $0.08 | 26.14% |
| 605365.SS | 605365.SS | 1.64% | $0.44 | 81.91% |
| 6244.TWO | 6244.TWO | 1.64% | $0.34 | 98.50% |
| 6367.T | 6367.T | 1.64% | $330.12 | 35.31% |
| 6383.T | 6383.T | 1.64% | $80.66 | 36.37% |
| 6454.T | 6454.T | 1.64% | $113.15 | 45.27% |
| LSS.PA | LSS.PA | 1.64% | $0.41 | 50.95% |
| MEVA.AT | MEVA.AT | 1.64% | $0.15 | 13.50% |
| MOVI3.SA | MOVI3.SA | 1.64% | $0.16 | 19.79% |
| SRSOLTD.BO | SRSOLTD.BO | 1.64% | $1.90 | 9.23% |
| 002266.SZ | 002266.SZ | 1.63% | $0.07 | 37.41% |
| 0GDU.L | 0GDU.L | 1.63% | $5.00 | 82.82% |
| 300121.SZ | 300121.SZ | 1.63% | $0.21 | 53.84% |
| 603013.SS | 603013.SS | 1.63% | $0.40 | 37.85% |
| 603081.SS | 603081.SS | 1.63% | $0.23 | 92.61% |
| 603194.SS | 603194.SS | 1.63% | $0.64 | 29.27% |
| 603221.SS | 603221.SS | 1.63% | $0.21 | 78.59% |
| BEI.DE | BEI.DE | 1.63% | $1.52 | 25.19% |
| CLD.WA | CLD.WA | 1.63% | $1.14 | 92.28% |
| IVS.MI | IVS.MI | 1.63% | $0.12 | 62.72% |
| LDO.MI | LDO.MI | 1.63% | $0.84 | 33.82% |
| MEOH | MEOH | 1.63% | $0.67 | 24.08% |
| PARKIN.AE | PARKIN.AE | 1.63% | $0.09 | 49.98% |
| 051900.KS | 051900.KS | 1.62% | $4,377.83 | 70.74% |
| 0F4O.L | 0F4O.L | 1.62% | $133.75 | 36.00% |
| 300206.SZ | 300206.SZ | 1.62% | $0.21 | 48.61% |
| 5393.T | 5393.T | 1.62% | $110.01 | 23.11% |
| 603385.SS | 603385.SS | 1.62% | $0.11 | 69.37% |
| 605050.SS | 605050.SS | 1.62% | $0.22 | 30.01% |
| 7378.T | 7378.T | 1.62% | $23.93 | 20.21% |
| BPAC11.SA | BPAC11.SA | 1.62% | $0.84 | 27.38% |
| GRMN | GRMN | 1.62% | $3.28 | 40.42% |
| RUBFILA.BO | RUBFILA.BO | 1.62% | $1.20 | 22.45% |
| VALO.BA | VALO.BA | 1.62% | $8.91 | 22.52% |
| WAS.WA | WAS.WA | 1.62% | $0.03 | 19.20% |
| 002152.SZ | 002152.SZ | 1.61% | $0.22 | 65.18% |
| 002457.SZ | 002457.SZ | 1.61% | $0.18 | 28.21% |
| 002913.SZ | 002913.SZ | 1.61% | $0.69 | 60.58% |
| 007570.KS | 007570.KS | 1.61% | $210.74 | 33.61% |
| 066570.KS | 066570.KS | 1.61% | $1,472.83 | 36.12% |
| 603181.SS | 603181.SS | 1.61% | $0.23 | 29.53% |
| 603416.SS | 603416.SS | 1.61% | $0.89 | 59.24% |
| ABB.AX | ABB.AX | 1.61% | $0.08 | 39.83% |
| H22.SI | H22.SI | 1.61% | $0.04 | 31.75% |
| MATAS.CO | MATAS.CO | 1.61% | $2.00 | 26.57% |
| SRSN.JK | SRSN.JK | 1.61% | $1.00 | 12.49% |
| 000050.KS | 000050.KS | 1.60% | $149.61 | 11.55% |