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 % |
|---|---|---|---|---|
| 003003.SZ | 003003.SZ | 1.60% | $0.21 | 58.54% |
| 3026.KL | 3026.KL | 1.60% | $0.50 | 28.77% |
| 4380.T | 4380.T | 1.60% | $20.86 | 26.17% |
| 5878.KL | 5878.KL | 1.60% | $0.04 | 54.29% |
| BUAH.JK | BUAH.JK | 1.60% | $10.50 | 34.44% |
| CBTT-B.ST | CBTT-B.ST | 1.60% | $0.60 | 24.79% |
| SEER3.SA | SEER3.SA | 1.60% | $0.15 | 17.88% |
| SPNS | SPNS | 1.60% | $0.70 | 61.01% |
| 000963.SZ | 000963.SZ | 1.59% | $0.63 | 29.78% |
| 002560.SZ | 002560.SZ | 1.59% | $0.16 | 98.75% |
| 002942.SZ | 002942.SZ | 1.59% | $0.31 | 53.92% |
| 016590.KS | 016590.KS | 1.59% | $202.48 | 28.25% |
| 0J7X.L | 0J7X.L | 1.59% | $3.33 | 32.74% |
| 300957.SZ | 300957.SZ | 1.59% | $0.63 | 73.46% |
| 366030.KQ | 366030.KQ | 1.59% | $90.08 | 29.50% |
| 4736.T | 4736.T | 1.59% | $9.90 | 13.56% |
| 600487.SS | 600487.SS | 1.59% | $0.39 | 33.97% |
| 6201.T | 6201.T | 1.59% | $283.11 | 41.29% |
| 688129.SS | 688129.SS | 1.59% | $0.32 | 41.19% |
| 688312.SS | 688312.SS | 1.59% | $0.53 | 61.22% |
| 688569.SS | 688569.SS | 1.59% | $0.35 | 43.76% |
| 9324.T | 9324.T | 1.59% | $34.97 | 31.59% |
| ASSA-B.ST | ASSA-B.ST | 1.59% | $5.66 | 42.81% |
| BEI-UN.TO | BEI-UN.TO | 1.59% | $1.03 | 17.62% |
| DEPO.JK | DEPO.JK | 1.59% | $4.20 | 32.09% |
| DSNG.JK | DSNG.JK | 1.59% | $24.00 | 15.91% |
| F9D.SI | F9D.SI | 1.59% | $0.03 | 14.46% |
| OZL.AX | OZL.AX | 1.59% | $0.45 | 55.76% |
| 000920.SZ | 000920.SZ | 1.58% | $0.20 | 38.51% |
| 000960.SZ | 000960.SZ | 1.58% | $0.44 | 38.02% |
| 002340.SZ | 002340.SZ | 1.58% | $0.13 | 55.09% |
| 300015.SZ | 300015.SZ | 1.58% | $0.17 | 49.80% |
| 3925.T | 3925.T | 1.58% | $27.42 | 25.04% |
| 4721.TWO | 4721.TWO | 1.58% | $1.10 | 41.13% |
| 603082.SS | 603082.SS | 1.58% | $0.58 | 57.18% |
| 603289.SS | 603289.SS | 1.58% | $0.16 | 44.78% |
| 603332.SS | 603332.SS | 1.58% | $0.22 | 87.52% |
| 603993.SS | 603993.SS | 1.58% | $0.32 | 34.49% |
| 7555.T | 7555.T | 1.58% | $11.81 | 47.37% |
| ALPHA.AT | ALPHA.AT | 1.58% | $0.06 | 15.49% |
| OTP.BD | OTP.BD | 1.58% | $554.04 | 13.23% |
| 002550.SZ | 002550.SZ | 1.57% | $0.12 | 35.18% |
| 033530.KS | 033530.KS | 1.57% | $162.92 | 6.60% |
| 056190.KQ | 056190.KQ | 1.57% | $380.35 | 51.85% |
| 300035.SZ | 300035.SZ | 1.57% | $0.33 | 43.86% |
| AGO | AGO | 1.57% | $1.40 | 17.16% |
| CJA.F | CJA.F | 1.57% | $0.55 | 20.13% |
| MNIT.BK | MNIT.BK | 1.57% | $0.03 | 21.78% |
| 000573.SZ | 000573.SZ | 1.56% | $0.06 | 63.16% |
| 000958.SZ | 000958.SZ | 1.56% | $0.10 | 60.59% |