DDM Analysis: 600801.SS

Valuation Snapshot

Stable Growth	$18.11 - $30.63	$23.58
Multi-Stage	$35.76 - $39.31	$37.50
Blended Fair Value	$30.54
Current Price	$18.50
Upside	65.08%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	0.90%	9.01%	0.82	0.81	0.96	1.03	1.16	0.79	0.43	0.32	0.26	0.37
YoY Growth	-	-	2.22%	-15.87%	-7.41%	-10.59%	46.93%	83.47%	33.22%	25.48%	-30.20%	5.81%
Dividend Yield	-	-	5.93%	5.76%	6.16%	5.24%	4.87%	3.38%	2.47%	3.03%	3.63%	5.72%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	3,281.65
(-) Cash Dividends Paid (M)	1,577.10
(=) Cash Retained (M)	1,704.55

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	656.33	410.21	246.12
Cash Retained (M)	1,704.55	1,704.55	1,704.55
(-) Cash Required (M)	-656.33	-410.21	-246.12
(=) Excess Retained (M)	1,048.22	1,294.35	1,458.43
(/) Shares Outstanding (M)	2,187.19	2,187.19	2,187.19
(=) Excess Retained per Share	0.48	0.59	0.67
LTM Dividend per Share	0.72	0.72	0.72
(+) Excess Retained per Share	0.48	0.59	0.67
(=) Adjusted Dividend	1.20	1.31	1.39
WACC / Discount Rate	6.32%	6.32%	6.32%
Growth Rate	-0.29%	0.71%	1.71%
Fair Value	$18.11	$23.58	$30.63
Upside / Downside	-2.10%	27.44%	65.59%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	3,281.65	3,304.89	3,328.28	3,351.85	3,375.58	3,399.47	3,501.46
Payout Ratio	48.06%	56.45%	64.83%	73.22%	81.61%	90.00%	92.50%
Projected Dividends (M)	1,577.10	1,865.49	2,157.89	2,454.33	2,754.86	3,059.53	3,238.85

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.32%	6.32%	6.32%
Growth Rate	-0.29%	0.71%	1.71%
Year 1 PV (M)	1,737.24	1,754.67	1,772.09
Year 2 PV (M)	1,871.39	1,909.12	1,947.22
Year 3 PV (M)	1,982.15	2,042.39	2,103.83
Year 4 PV (M)	2,071.91	2,156.29	2,243.22
Year 5 PV (M)	2,142.86	2,252.49	2,366.57
PV of Terminal Value (M)	68,411.24	71,911.33	75,553.23
Equity Value (M)	78,216.79	82,026.28	85,986.16
Shares Outstanding (M)	2,187.19	2,187.19	2,187.19
Fair Value	$35.76	$37.50	$39.31
Upside / Downside	93.30%	102.72%	112.51%

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

Analysis Mode

Ticker

Industry

Sector

Huaxin Cement Co., Ltd. (600801.SS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener