DDM Analysis: 601601.SS

Valuation Snapshot

Stable Growth	$64.60 - $107.52	$83.53
Multi-Stage	$78.54 - $86.18	$82.29
Blended Fair Value	$82.91
Current Price	$35.12
Upside	136.08%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	7.51%	7.83%	1.35	1.29	1.65	1.30	1.13	0.94	0.99	1.03	1.15	0.70
YoY Growth	-	-	4.58%	-21.41%	26.62%	15.01%	20.00%	-5.05%	-3.80%	-10.57%	64.89%	9.88%
Dividend Yield	-	-	4.21%	5.45%	6.35%	5.67%	2.99%	3.34%	2.85%	3.04%	4.21%	2.67%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	52,350.00
(-) Cash Dividends Paid (M)	3,649.00
(=) Cash Retained (M)	48,701.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	10,470.00	6,543.75	3,926.25
Cash Retained (M)	48,701.00	48,701.00	48,701.00
(-) Cash Required (M)	-10,470.00	-6,543.75	-3,926.25
(=) Excess Retained (M)	38,231.00	42,157.25	44,774.75
(/) Shares Outstanding (M)	9,620.00	9,620.00	9,620.00
(=) Excess Retained per Share	3.97	4.38	4.65
LTM Dividend per Share	0.38	0.38	0.38
(+) Excess Retained per Share	3.97	4.38	4.65
(=) Adjusted Dividend	4.35	4.76	5.03
WACC / Discount Rate	8.65%	8.65%	8.65%
Growth Rate	1.79%	2.79%	3.79%
Fair Value	$64.60	$83.53	$107.52
Upside / Downside	83.95%	137.85%	206.14%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	52,350.00	53,809.33	55,309.33	56,851.15	58,435.96	60,064.94	61,866.88
Payout Ratio	6.97%	23.58%	40.18%	56.79%	73.39%	90.00%	92.50%
Projected Dividends (M)	3,649.00	12,686.26	22,224.53	32,284.72	42,888.53	54,058.44	57,226.87

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	8.65%	8.65%	8.65%
Growth Rate	1.79%	2.79%	3.79%
Year 1 PV (M)	11,563.02	11,676.62	11,790.22
Year 2 PV (M)	18,463.24	18,827.81	19,195.93
Year 3 PV (M)	24,446.14	25,173.75	25,915.65
Year 4 PV (M)	29,600.03	30,780.49	31,995.91
Year 5 PV (M)	34,005.74	35,709.31	37,480.48
PV of Terminal Value (M)	637,523.94	669,461.71	702,666.84
Equity Value (M)	755,602.11	791,629.69	829,045.03
Shares Outstanding (M)	9,620.00	9,620.00	9,620.00
Fair Value	$78.54	$82.29	$86.18
Upside / Downside	123.65%	134.31%	145.39%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 12 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
SO	The Southern Company	3.09%	$2.69	67.01%
CFR	Cullen/Frost Bankers, Inc.	3.08%	$3.94	39.68%
CMS	CMS Energy Corporation	3.08%	$2.17	62.27%
SJW	SJW Group	3.08%	$1.60	52.08%
SNV	Synovus Financial Corp.	3.08%	$1.54	27.05%
0HCT.L	Alliant Energy Corporation	3.07%	$1.99	62.84%
0M3L.L	Zions Bancorporation, National Association	3.07%	$1.79	31.01%
IVZ	Invesco Ltd.	3.07%	$0.83	35.83%
SWX	Southwest Gas Holdings, Inc.	3.07%	$2.46	38.44%
PEG	Public Service Enterprise Group Incorporated	3.06%	$2.48	59.65%
CASS	Cass Information Systems, Inc.	3.05%	$1.24	52.58%
CIVB	Civista Bancshares, Inc.	3.05%	$0.67	25.26%
TXN	Texas Instruments Incorporated	3.05%	$5.41	98.14%
CTRE	CareTrust REIT, Inc.	3.04%	$1.10	89.62%
UCB	United Community Banks, Inc.	3.04%	$0.95	36.76%
DRI	Darden Restaurants, Inc.	3.03%	$5.68	60.69%
HMN	Horace Mann Educators Corporation	3.02%	$1.36	34.55%
VG	Venture Global, Inc.	3.02%	$0.21	24.09%
HFBL	Home Federal Bancorp, Inc. of Louisiana	3.01%	$0.54	35.96%
TOWN	TowneBank	3.01%	$1.00	45.24%
GBCI	Glacier Bancorp, Inc.	3.00%	$1.34	64.06%
MBWM	Mercantile Bank Corporation	3.00%	$1.43	27.14%
PPL	PPL Corporation	3.00%	$1.05	71.70%
DTSQ	DT Cloud Star Acquisition Corporation	2.99%	$0.32	87.02%
EBMT	Eagle Bancorp Montana, Inc.	2.99%	$0.58	33.76%
INDB	Independent Bank Corp.	2.99%	$2.19	35.86%
ESSA	ESSA Bancorp, Inc.	2.98%	$0.61	39.75%
RDN	Radian Group Inc.	2.98%	$1.07	25.60%
0K0X.L	MetLife, Inc.	2.96%	$2.36	41.08%
CUBB	Customers Bancorp, Inc 5.375% S	2.96%	$0.66	12.54%
HBB	Hamilton Beach Brands Holding Company	2.96%	$0.47	20.02%
SD	SandRidge Energy, Inc.	2.96%	$0.44	24.38%
STRW	Strawberry Fields REIT LLC	2.95%	$0.38	70.76%
INGR	Ingredion Incorporated	2.94%	$3.23	32.02%
JWN	Nordstrom, Inc.	2.94%	$0.73	42.03%
PKBK	Parke Bancorp, Inc.	2.94%	$0.71	25.08%
0JW2.L	M&T Bank Corporation	2.93%	$5.91	33.38%
EIG	Employers Holdings, Inc.	2.93%	$1.26	48.48%
MYE	Myers Industries, Inc.	2.93%	$0.55	73.41%
RM	Regional Management Corp.	2.93%	$1.15	28.16%
HSY	The Hershey Company	2.92%	$5.33	79.75%
STZ	Constellation Brands, Inc.	2.92%	$4.12	59.24%
AROC	Archrock, Inc.	2.91%	$0.77	51.05%
JXN	Jackson Financial Inc.	2.91%	$3.13	38.19%
OSPN	OneSpan Inc.	2.91%	$0.36	23.87%
0LC6.L	Sysco Corporation	2.90%	$2.10	55.57%
EXE	Expand Energy Corporation	2.89%	$3.17	87.89%
PG	The Procter & Gamble Company	2.89%	$4.09	59.50%
RES	RPC, Inc.	2.89%	$0.16	72.96%
0M1R.L	Xcel Energy Inc.	2.88%	$2.16	65.69%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

China Pacific Insurance (Group) Co., Ltd. (601601.SS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener