DDM Analysis: 600279.SS

Valuation Snapshot

Stable Growth	$6.90 - $13.61	$9.54
Multi-Stage	$10.16 - $11.16	$10.65
Blended Fair Value	$10.09
Current Price	$5.16
Upside	95.63%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	-4.34%	3.54%	0.15	0.18	0.19	0.24	0.05	0.19	0.28	0.12	0.11	0.12
YoY Growth	-	-	-19.05%	-3.96%	-21.69%	390.57%	-73.17%	-34.72%	132.80%	9.52%	-3.44%	9.96%
Dividend Yield	-	-	2.96%	4.32%	4.51%	5.70%	1.35%	4.98%	4.26%	2.06%	1.44%	1.35%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	502.55
(-) Cash Dividends Paid (M)	110.33
(=) Cash Retained (M)	392.23

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	100.51	62.82	37.69
Cash Retained (M)	392.23	392.23	392.23
(-) Cash Required (M)	-100.51	-62.82	-37.69
(=) Excess Retained (M)	291.72	329.41	354.54
(/) Shares Outstanding (M)	1,190.47	1,190.47	1,190.47
(=) Excess Retained per Share	0.25	0.28	0.30
LTM Dividend per Share	0.09	0.09	0.09
(+) Excess Retained per Share	0.25	0.28	0.30
(=) Adjusted Dividend	0.34	0.37	0.39
WACC / Discount Rate	6.51%	6.51%	6.51%
Growth Rate	1.54%	2.54%	3.54%
Fair Value	$6.90	$9.54	$13.61
Upside / Downside	33.72%	84.91%	163.85%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	502.55	515.31	528.39	541.80	555.55	569.64	586.73
Payout Ratio	21.95%	35.56%	49.17%	62.78%	76.39%	90.00%	92.50%
Projected Dividends (M)	110.33	183.26	259.82	340.15	424.38	512.68	542.73

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.51%	6.51%	6.51%
Growth Rate	1.54%	2.54%	3.54%
Year 1 PV (M)	170.38	172.06	173.74
Year 2 PV (M)	224.59	229.04	233.53
Year 3 PV (M)	273.37	281.53	289.85
Year 4 PV (M)	317.11	329.79	342.85
Year 5 PV (M)	356.18	374.06	392.66
PV of Terminal Value (M)	10,749.93	11,289.82	11,851.18
Equity Value (M)	12,091.57	12,676.30	13,283.80
Shares Outstanding (M)	1,190.47	1,190.47	1,190.47
Fair Value	$10.16	$10.65	$11.16
Upside / Downside	96.84%	106.36%	116.25%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 13 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
CL	Colgate-Palmolive Company	2.88%	$2.24	62.40%
TCBK	TriCo Bancshares	2.87%	$1.35	37.83%
0U6R.L	Bunge Limited	2.86%	$3.05	31.37%
FBMS	The First Bancshares, Inc.	2.86%	$0.97	39.72%
RILYG	B. Riley Financial, Inc. 5.00% Senior Notes due 2026	2.86%	$0.58	56.91%
CNS	Cohen & Steers, Inc.	2.85%	$1.81	56.91%
MRBK	Meridian Corporation	2.85%	$0.49	27.85%
AMGN	Amgen Inc.	2.84%	$9.31	72.03%
BKH	Black Hills Corporation	2.84%	$1.98	50.60%
GABC	German American Bancorp, Inc.	2.84%	$1.11	40.35%
HOMB	Home Bancshares, Inc.	2.84%	$0.79	34.17%
KO	The Coca-Cola Company	2.84%	$1.96	65.04%
SBFG	SB Financial Group, Inc.	2.84%	$0.61	28.02%
TSBK	Timberland Bancorp, Inc.	2.84%	$1.00	27.24%
CATY	Cathay General Bancorp	2.83%	$1.38	31.20%
CWT	California Water Service Group	2.83%	$1.22	53.25%
EBIX	Ebix, Inc.	2.83%	$0.08	46.85%
CMS-PB	Consumers Energy Company	2.82%	$2.17	62.27%
EPRT	Essential Properties Realty Trust, Inc.	2.82%	$0.85	70.58%
GPK	Graphic Packaging Holding Company	2.82%	$0.43	24.85%
VALSX	Value Line Select Growth Fund	2.82%	$0.87	56.29%
CCNE	CNB Financial Corporation	2.81%	$0.72	35.05%
ORRF	Orrstown Financial Services, Inc.	2.81%	$0.98	26.05%
TXNM	TXNM Energy, Inc.	2.80%	$1.65	86.75%
STC	Stewart Information Services Corporation	2.79%	$1.95	54.56%
CVLY	Codorus Valley Bancorp, Inc.	2.77%	$0.67	28.98%
KKRS	KKR Group Finance Co. IX LLC 4.	2.77%	$0.49	7.61%
SHBI	Shore Bancshares, Inc.	2.77%	$0.48	28.28%
HNNA	Hennessy Advisors, Inc.	2.76%	$0.27	21.11%
HONE	HarborOne Bancorp, Inc.	2.76%	$0.33	51.05%
KMT	Kennametal Inc.	2.76%	$0.80	65.12%
PNM	PNM Resources, Inc.	2.76%	$1.12	57.65%
HWC	Hancock Whitney Corporation	2.75%	$1.77	31.35%
YOU	Clear Secure, Inc.	2.75%	$0.95	50.89%
0HE2.L	Ameren Corporation	2.74%	$2.78	53.51%
MTDR	Matador Resources Company	2.74%	$1.19	18.96%
OFG	OFG Bancorp	2.74%	$1.12	25.13%
VLO	Valero Energy Corporation	2.74%	$4.53	93.65%
YORW	The York Water Company	2.73%	$0.87	62.37%
CCZ	Comcast Holdings Corp.	2.72%	$1.63	26.92%
K	Kellanova	2.72%	$2.27	62.18%
ADT	ADT Inc.	2.71%	$0.22	29.95%
AVT	Avnet, Inc.	2.71%	$1.34	48.46%
BKU	BankUnited, Inc.	2.71%	$1.21	34.19%
CNOB	ConnectOne Bancorp, Inc.	2.71%	$0.71	48.64%
GBX	The Greenbrier Companies, Inc.	2.71%	$1.28	19.40%
PBHC	Pathfinder Bancorp, Inc.	2.71%	$0.38	26.39%
TRIN	Trinity Capital Inc.	2.71%	$0.41	20.50%
RILYN	B. Riley Financial, Inc. - 6.50	2.70%	$0.58	56.91%
0L5A.L	Sempra	2.69%	$2.41	72.79%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Chongqing Port Co.,Ltd. (600279.SS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener