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 % |
|---|---|---|---|---|
| 004960.KS | 004960.KS | 0.99% | $100.05 | 8.61% |
| 0142.HK | 0142.HK | 0.99% | $0.06 | 21.99% |
| 053580.KQ | 053580.KQ | 0.99% | $100.03 | 12.70% |
| 603786.SS | 603786.SS | 0.99% | $0.77 | 38.42% |
| 688768.SS | 688768.SS | 0.99% | $0.43 | 28.76% |
| AVAX.AT | AVAX.AT | 0.99% | $0.03 | 7.13% |
| BERNER-B.ST | BERNER-B.ST | 0.99% | $0.94 | 30.06% |
| EGEEN.IS | EGEEN.IS | 0.99% | $79.86 | 87.03% |
| EHL.AX | EHL.AX | 0.99% | $0.01 | 5.08% |
| GOR.AX | GOR.AX | 0.99% | $0.03 | 12.12% |
| MMX | MMX | 0.99% | $0.05 | 59.73% |
| 002396.SZ | 002396.SZ | 0.98% | $0.30 | 35.77% |
| 002925.SZ | 002925.SZ | 0.98% | $0.17 | 43.09% |
| 0QQO.L | 0QQO.L | 0.98% | $0.73 | 11.31% |
| 1887.T | 1887.T | 0.98% | $5.27 | 31.58% |
| 300217.SZ | 300217.SZ | 0.98% | $0.05 | 39.47% |
| 301186.SZ | 301186.SZ | 0.98% | $0.47 | 32.02% |
| 3939.HK | 3939.HK | 0.98% | $0.08 | 24.54% |
| 600754.SS | 600754.SS | 0.98% | $0.25 | 47.67% |
| 603040.SS | 603040.SS | 0.98% | $0.90 | 47.18% |
| 6325.T | 6325.T | 0.98% | $3.93 | 9.53% |
| 6533.T | 6533.T | 0.98% | $10.97 | 57.68% |
| 688379.SS | 688379.SS | 0.98% | $0.54 | 29.37% |
| ASBI.JK | ASBI.JK | 0.98% | $4.14 | 6.24% |
| HRTA.JK | HRTA.JK | 0.98% | $21.00 | 13.51% |
| 000880.KS | 000880.KS | 0.97% | $784.54 | 5.80% |
| 002075.SZ | 002075.SZ | 0.97% | $0.06 | 42.29% |
| 002802.SZ | 002802.SZ | 0.97% | $0.12 | 46.80% |
| 003036.SZ | 003036.SZ | 0.97% | $0.15 | 64.74% |
| 300660.SZ | 300660.SZ | 0.97% | $0.53 | 53.08% |
| 300679.SZ | 300679.SZ | 0.97% | $0.47 | 37.04% |
| 5842.T | 5842.T | 0.97% | $32.36 | 10.57% |
| 605277.SS | 605277.SS | 0.97% | $0.21 | 32.11% |
| 688357.SS | 688357.SS | 0.97% | $0.32 | 40.56% |
| 688789.SS | 688789.SS | 0.97% | $0.79 | 28.66% |
| BACHOCOB.MX | BACHOCOB.MX | 0.97% | $0.82 | 12.87% |
| 0QLJ.L | 0QLJ.L | 0.96% | $5.48 | 12.43% |
| 1610.HK | 1610.HK | 0.96% | $0.02 | 5.81% |
| 2155.HK | 2155.HK | 0.96% | $0.09 | 7.40% |
| 300033.SZ | 300033.SZ | 0.96% | $3.10 | 70.07% |
| 300817.SZ | 300817.SZ | 0.96% | $0.20 | 69.08% |
| 3267.T | 3267.T | 0.96% | $10.03 | 16.38% |
| 3324.TWO | 3324.TWO | 0.96% | $9.58 | 42.78% |
| 5601.TWO | 5601.TWO | 0.96% | $0.35 | 88.75% |
| 601028.SS | 601028.SS | 0.96% | $0.12 | 25.84% |
| 603031.SS | 603031.SS | 0.96% | $0.43 | 50.13% |
| 605011.SS | 605011.SS | 0.96% | $0.20 | 41.95% |
| 6215.TW | 6215.TW | 0.96% | $0.99 | 57.18% |
| 6532.T | 6532.T | 0.96% | $62.13 | 26.99% |
| 6781.TW | 6781.TW | 0.96% | $12.49 | 33.60% |