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 % |
|---|---|---|---|---|
| 6516.T | 6516.T | 1.33% | $55.65 | 26.20% |
| 688100.SS | 688100.SS | 1.33% | $0.52 | 37.34% |
| 688289.SS | 688289.SS | 1.33% | $0.25 | 66.12% |
| EPRO-B.ST | EPRO-B.ST | 1.33% | $0.85 | 36.36% |
| 002768.SZ | 002768.SZ | 1.32% | $0.70 | 22.17% |
| 002879.SZ | 002879.SZ | 1.32% | $0.25 | 73.81% |
| 300286.SZ | 300286.SZ | 1.32% | $0.30 | 36.95% |
| 300684.SZ | 300684.SZ | 1.32% | $0.65 | 60.38% |
| 300976.SZ | 300976.SZ | 1.32% | $0.79 | 35.98% |
| 600489.SS | 600489.SS | 1.32% | $0.31 | 33.93% |
| 600686.SS | 600686.SS | 1.32% | $0.23 | 51.04% |
| 603829.SS | 603829.SS | 1.32% | $0.29 | 41.39% |
| 6055.HK | 6055.HK | 1.32% | $0.47 | 19.10% |
| 6449.TW | 6449.TW | 1.32% | $2.29 | 39.61% |
| 688093.SS | 688093.SS | 1.32% | $0.49 | 33.88% |
| ASPO.HE | ASPO.HE | 1.32% | $0.09 | 14.38% |
| NA9.DE | NA9.DE | 1.32% | $1.00 | 25.87% |
| 002353.SZ | 002353.SZ | 1.31% | $0.93 | 33.49% |
| 002859.SZ | 002859.SZ | 1.31% | $0.36 | 77.54% |
| 002961.SZ | 002961.SZ | 1.31% | $0.35 | 33.25% |
| 003850.KS | 003850.KS | 1.31% | $122.56 | 26.40% |
| 158430.KQ | 158430.KQ | 1.31% | $84.54 | 20.61% |
| 601898.SS | 601898.SS | 1.31% | $0.16 | 16.91% |
| 605018.SS | 605018.SS | 1.31% | $0.15 | 83.12% |
| 6191.T | 6191.T | 1.31% | $9.93 | 12.12% |
| 9902.T | 9902.T | 1.31% | $33.40 | 19.49% |
| NRCA.JK | NRCA.JK | 1.31% | $21.84 | 34.93% |
| 000370.KS | 000370.KS | 1.30% | $71.58 | 4.70% |
| 000559.SZ | 000559.SZ | 1.30% | $0.22 | 74.64% |
| 1530.HK | 1530.HK | 1.30% | $0.32 | 19.42% |
| 2982.T | 2982.T | 1.30% | $5.48 | 11.64% |
| 300088.SZ | 300088.SZ | 1.30% | $0.08 | 55.80% |
| 300677.SZ | 300677.SZ | 1.30% | $0.51 | 18.70% |
| 600737.SS | 600737.SS | 1.30% | $0.22 | 35.03% |
| 603387.SS | 603387.SS | 1.30% | $0.11 | 26.34% |
| 603444.SS | 603444.SS | 1.30% | $5.50 | 26.28% |
| 603617.SS | 603617.SS | 1.30% | $0.10 | 79.26% |
| 603915.SS | 603915.SS | 1.30% | $0.24 | 58.27% |
| 605580.SS | 605580.SS | 1.30% | $0.29 | 67.76% |
| 688550.SS | 688550.SS | 1.30% | $0.59 | 29.38% |
| 9302.T | 9302.T | 1.30% | $48.64 | 37.22% |
| 9519.SR | 9519.SR | 1.30% | $0.09 | 32.44% |
| ASAI3.SA | ASAI3.SA | 1.30% | $0.09 | 13.94% |
| BBLD.JK | BBLD.JK | 1.30% | $12.00 | 39.59% |
| S58.SI | S58.SI | 1.30% | $0.05 | 28.81% |
| 000927.SZ | 000927.SZ | 1.29% | $0.03 | 42.86% |
| 001229.SZ | 001229.SZ | 1.29% | $0.56 | 82.58% |
| 001283.SZ | 001283.SZ | 1.29% | $0.90 | 39.06% |
| 0R43.L | 0R43.L | 1.29% | $3.31 | 17.30% |
| 192820.KS | 192820.KS | 1.29% | $2,299.12 | 52.32% |