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 % |
|---|---|---|---|---|
| 603809.SS | 603809.SS | 1.36% | $0.20 | 48.76% |
| 6762.T | 6762.T | 1.36% | $29.98 | 38.24% |
| 688112.SS | 688112.SS | 1.36% | $0.51 | 61.60% |
| BMAX.ST | BMAX.ST | 1.36% | $0.75 | 25.00% |
| MAFIA.BO | MAFIA.BO | 1.36% | $0.10 | 6.08% |
| SOF.BR | SOF.BR | 1.36% | $3.35 | 13.13% |
| 000526.SZ | 000526.SZ | 1.35% | $0.53 | 27.07% |
| 000589.SZ | 000589.SZ | 1.35% | $0.07 | 23.21% |
| 002080.SZ | 002080.SZ | 1.35% | $0.49 | 46.74% |
| 002154.SZ | 002154.SZ | 1.35% | $0.05 | 24.04% |
| 0NCA.L | 0NCA.L | 1.35% | $0.28 | 36.18% |
| 0Z4C.L | 0Z4C.L | 1.35% | $3.45 | 22.59% |
| 300664.SZ | 300664.SZ | 1.35% | $0.07 | 23.72% |
| 300699.SZ | 300699.SZ | 1.35% | $0.53 | 81.03% |
| 4744.TWO | 4744.TWO | 1.35% | $0.40 | 19.08% |
| 5250.KL | 5250.KL | 1.35% | $0.03 | 99.62% |
| 603129.SS | 603129.SS | 1.35% | $3.76 | 32.64% |
| 605567.SS | 605567.SS | 1.35% | $0.15 | 74.16% |
| 9412.T | 9412.T | 1.35% | $26.98 | 36.14% |
| EZ8.SG | EZ8.SG | 1.35% | $0.11 | 30.31% |
| NTT.WA | NTT.WA | 1.35% | $0.15 | 9.49% |
| 000623.SZ | 000623.SZ | 1.34% | $0.26 | 11.53% |
| 002125.SZ | 002125.SZ | 1.34% | $0.19 | 52.47% |
| 002286.SZ | 002286.SZ | 1.34% | $0.12 | 30.68% |
| 002649.SZ | 002649.SZ | 1.34% | $0.18 | 80.12% |
| 002840.KS | 002840.KS | 1.34% | $2,019.65 | 20.97% |
| 003015.SZ | 003015.SZ | 1.34% | $0.21 | 63.51% |
| 0ABX.L | 0ABX.L | 1.34% | $0.40 | 24.89% |
| 0RE6.L | 0RE6.L | 1.34% | $1.79 | 15.93% |
| 300200.SZ | 300200.SZ | 1.34% | $0.16 | 46.96% |
| 300693.SZ | 300693.SZ | 1.34% | $0.51 | 36.89% |
| 600864.SS | 600864.SS | 1.34% | $0.09 | 29.81% |
| 601375.SS | 601375.SS | 1.34% | $0.06 | 56.73% |
| 603341.SS | 603341.SS | 1.34% | $0.57 | 45.24% |
| BAFARB.MX | BAFARB.MX | 1.34% | $1.47 | 20.49% |
| HEXT.NS | HEXT.NS | 1.34% | $10.08 | 44.61% |
| MALLPLAZA.SN | MALLPLAZA.SN | 1.34% | $42.87 | 14.38% |
| PLNW.PA | PLNW.PA | 1.34% | $0.31 | 35.26% |
| RADL3.SA | RADL3.SA | 1.34% | $0.32 | 40.62% |
| TWC.TO | TWC.TO | 1.34% | $0.33 | 22.94% |
| 000758.SZ | 000758.SZ | 1.33% | $0.09 | 33.17% |
| 000788.SZ | 000788.SZ | 1.33% | $0.08 | 33.62% |
| 001395.SZ | 001395.SZ | 1.33% | $0.58 | 29.94% |
| 002988.SZ | 002988.SZ | 1.33% | $0.49 | 66.13% |
| 0G1T.L | 0G1T.L | 1.33% | $0.69 | 12.69% |
| 300387.SZ | 300387.SZ | 1.33% | $0.11 | 39.86% |
| 5439.TWO | 5439.TWO | 1.33% | $4.10 | 77.78% |
| 601827.SS | 601827.SS | 1.33% | $0.11 | 14.96% |
| 603739.SS | 603739.SS | 1.33% | $0.19 | 57.16% |
| 6504.T | 6504.T | 1.33% | $157.82 | 27.92% |