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 % |
|---|---|---|---|---|
| 4369.T | 4369.T | 1.29% | $34.97 | 19.74% |
| 4909.TWO | 4909.TWO | 1.29% | $0.75 | 15.67% |
| 600483.SS | 600483.SS | 1.29% | $0.12 | 11.31% |
| 600830.SS | 600830.SS | 1.29% | $0.12 | 82.65% |
| 600885.SS | 600885.SS | 1.29% | $0.39 | 31.98% |
| 603180.SS | 603180.SS | 1.29% | $0.26 | 27.79% |
| 6213.TW | 6213.TW | 1.29% | $1.50 | 44.44% |
| 8233.T | 8233.T | 1.29% | $21.16 | 18.17% |
| ALBKK.PA | ALBKK.PA | 1.29% | $0.30 | 15.97% |
| CENER.BR | CENER.BR | 1.29% | $0.20 | 15.13% |
| COLUM.CO | COLUM.CO | 1.29% | $0.13 | 43.75% |
| DKFT.JK | DKFT.JK | 1.29% | $10.00 | 10.62% |
| FII.PA | FII.PA | 1.29% | $0.69 | 27.06% |
| HYGN.JK | HYGN.JK | 1.29% | $2.16 | 28.24% |
| INCAP.BO | INCAP.BO | 1.29% | $1.00 | 80.52% |
| 000568.SZ | 000568.SZ | 1.28% | $1.49 | 17.31% |
| 000612.SZ | 000612.SZ | 1.28% | $0.14 | 17.40% |
| 002498.SZ | 002498.SZ | 1.28% | $0.05 | 29.88% |
| 002830.SZ | 002830.SZ | 1.28% | $0.25 | 81.30% |
| 0P2N.L | 0P2N.L | 1.28% | $0.37 | 7.25% |
| 0REW.L | 0REW.L | 1.28% | $0.58 | 13.95% |
| 300566.SZ | 300566.SZ | 1.28% | $0.24 | 32.55% |
| 383310.KQ | 383310.KQ | 1.28% | $299.13 | 37.96% |
| 600114.SS | 600114.SS | 1.28% | $0.39 | 44.85% |
| 603109.SS | 603109.SS | 1.28% | $0.33 | 29.80% |
| 6274.TWO | 6274.TWO | 1.28% | $6.17 | 59.29% |
| 6415.TW | 6415.TW | 1.28% | $2.37 | 36.29% |
| 688338.SS | 688338.SS | 1.28% | $0.33 | 36.57% |
| 688687.SS | 688687.SS | 1.28% | $0.32 | 39.11% |
| 8010.SR | 8010.SR | 1.28% | $1.52 | 21.22% |
| ACCELERATE.BO | ACCELERATE.BO | 1.28% | $1.00 | 15.67% |
| 000560.SZ | 000560.SZ | 1.27% | $0.04 | 81.20% |
| 002438.SZ | 002438.SZ | 1.27% | $0.20 | 34.02% |
| 002850.SZ | 002850.SZ | 1.27% | $2.00 | 33.47% |
| 002972.SZ | 002972.SZ | 1.27% | $0.15 | 46.95% |
| 003025.SZ | 003025.SZ | 1.27% | $0.18 | 35.63% |
| 089980.KQ | 089980.KQ | 1.27% | $199.18 | 25.34% |
| 185750.KS | 185750.KS | 1.27% | $1,049.02 | 22.67% |
| 2049.TW | 2049.TW | 1.27% | $2.49 | 54.85% |
| 214420.KS | 214420.KS | 1.27% | $120.53 | 18.35% |
| 300724.SZ | 300724.SZ | 1.27% | $1.21 | 12.25% |
| 5490.TWO | 5490.TWO | 1.27% | $0.35 | 23.58% |
| 7084.KL | 7084.KL | 1.27% | $0.05 | 41.79% |
| 7293.KL | 7293.KL | 1.27% | $0.03 | 15.30% |
| TFCO4.SA | TFCO4.SA | 1.27% | $0.20 | 22.14% |
| 002937.SZ | 002937.SZ | 1.26% | $0.30 | 57.29% |
| 1788.HK | 1788.HK | 1.26% | $0.03 | 32.32% |
| 3769.T | 3769.T | 1.26% | $122.56 | 46.89% |
| 3774.T | 3774.T | 1.26% | $34.77 | 27.53% |
| 603257.SS | 603257.SS | 1.26% | $0.75 | 66.31% |