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 % |
|---|---|---|---|---|
| 7525.T | 7525.T | 0.96% | $35.61 | 9.90% |
| 7739.T | 7739.T | 0.96% | $34.99 | 20.69% |
| TSTE.BK | TSTE.BK | 0.96% | $0.10 | 27.60% |
| 300694.SZ | 300694.SZ | 0.95% | $0.12 | 79.20% |
| 301586.SZ | 301586.SZ | 0.95% | $0.48 | 61.32% |
| 4933.T | 4933.T | 0.95% | $12.63 | 8.63% |
| 600478.SS | 600478.SS | 0.95% | $0.07 | 57.83% |
| 603311.SS | 603311.SS | 0.95% | $0.15 | 37.91% |
| 688601.SS | 688601.SS | 0.95% | $0.40 | 99.02% |
| CBF.WA | CBF.WA | 0.95% | $2.00 | 47.29% |
| FROY.OL | FROY.OL | 0.95% | $0.72 | 26.30% |
| 002287.SZ | 002287.SZ | 0.94% | $0.22 | 20.25% |
| 002324.SZ | 002324.SZ | 0.94% | $0.15 | 64.15% |
| 002981.SZ | 002981.SZ | 0.94% | $0.27 | 27.15% |
| 004090.KS | 004090.KS | 0.94% | $131.48 | 12.76% |
| 1501.HK | 1501.HK | 0.94% | $0.28 | 13.02% |
| 2FE.DE | 2FE.DE | 0.94% | $2.98 | 33.18% |
| 300401.SZ | 300401.SZ | 0.94% | $0.14 | 28.55% |
| 300507.SZ | 300507.SZ | 0.94% | $0.09 | 60.89% |
| 300697.SZ | 300697.SZ | 0.94% | $0.16 | 40.97% |
| 300711.SZ | 300711.SZ | 0.94% | $0.22 | 61.50% |
| 301192.SZ | 301192.SZ | 0.94% | $0.28 | 69.57% |
| 603036.SS | 603036.SS | 0.94% | $0.20 | 35.78% |
| 603659.SS | 603659.SS | 0.94% | $0.26 | 32.78% |
| 6139.KL | 6139.KL | 0.94% | $0.03 | 6.88% |
| AFP.AX | AFP.AX | 0.94% | $0.03 | 10.27% |
| CWCO | CWCO | 0.94% | $0.33 | 31.17% |
| TITLE.BK | TITLE.BK | 0.94% | $0.05 | 10.84% |
| 000021.SZ | 000021.SZ | 0.93% | $0.24 | 36.11% |
| 002112.SZ | 002112.SZ | 0.93% | $0.12 | 43.85% |
| 002432.SZ | 002432.SZ | 0.93% | $0.37 | 8.12% |
| 002674.SZ | 002674.SZ | 0.93% | $0.14 | 35.63% |
| 300905.SZ | 300905.SZ | 0.93% | $0.30 | 38.31% |
| 3489.T | 3489.T | 0.93% | $7.49 | 7.32% |
| 603050.SS | 603050.SS | 0.93% | $0.17 | 27.55% |
| 9468.T | 9468.T | 0.93% | $29.42 | 65.16% |
| CGAS.JK | CGAS.JK | 0.93% | $1.69 | 69.26% |
| HLE.DE | HLE.DE | 0.93% | $0.77 | 27.90% |
| LTHP.L | LTHP.L | 0.93% | $1.14 | 60.21% |
| PNR | PNR | 0.93% | $0.98 | 24.66% |
| SCNP.JK | SCNP.JK | 0.93% | $1.50 | 39.76% |
| STE | STE | 0.93% | $2.33 | 33.45% |
| STX | STX | 0.93% | $2.68 | 35.38% |
| 002643.SZ | 002643.SZ | 0.92% | $0.14 | 49.79% |
| 002815.SZ | 002815.SZ | 0.92% | $0.13 | 46.57% |
| 004560.KS | 004560.KS | 0.92% | $100.06 | 12.54% |
| 005800.KS | 005800.KS | 0.92% | $149.96 | 16.31% |
| 034230.KQ | 034230.KQ | 0.92% | $94.74 | 9.92% |
| 058470.KQ | 058470.KQ | 0.92% | $599.71 | 30.22% |
| 0Q3C.L | 0Q3C.L | 0.92% | $0.38 | 10.11% |