DDM Analysis: 600633.SS

Valuation Snapshot

Stable Growth	$4.77 - $7.67	$6.08
Multi-Stage	$8.04 - $8.83	$8.43
Blended Fair Value	$7.25
Current Price	$14.49
Upside	-49.95%
Decision	Don't Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	21.78%	1.85%	0.22	0.10	0.04	0.10	0.11	0.08	0.18	0.15	0.19	0.20
YoY Growth	-	-	126.97%	152.84%	-62.42%	-9.36%	37.03%	-55.18%	18.78%	-18.29%	-7.63%	11.67%
Dividend Yield	-	-	1.63%	0.85%	0.31%	1.25%	1.48%	0.80%	1.72%	1.12%	0.95%	1.19%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	571.60
(-) Cash Dividends Paid (M)	203.13
(=) Cash Retained (M)	368.47

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	114.32	71.45	42.87
Cash Retained (M)	368.47	368.47	368.47
(-) Cash Required (M)	-114.32	-71.45	-42.87
(=) Excess Retained (M)	254.15	297.02	325.60
(/) Shares Outstanding (M)	1,280.46	1,280.46	1,280.46
(=) Excess Retained per Share	0.20	0.23	0.25
LTM Dividend per Share	0.16	0.16	0.16
(+) Excess Retained per Share	0.20	0.23	0.25
(=) Adjusted Dividend	0.36	0.39	0.41
WACC / Discount Rate	7.34%	7.34%	7.34%
Growth Rate	-0.15%	0.85%	1.85%
Fair Value	$4.77	$6.08	$7.67
Upside / Downside	-67.11%	-58.06%	-47.05%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	571.60	576.47	581.39	586.35	591.35	596.40	614.29
Payout Ratio	35.54%	46.43%	57.32%	68.21%	79.11%	90.00%	92.50%
Projected Dividends (M)	203.13	267.66	333.27	399.98	467.80	536.76	568.22

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	7.34%	7.34%	7.34%
Growth Rate	-0.15%	0.85%	1.85%
Year 1 PV (M)	246.89	249.36	251.84
Year 2 PV (M)	283.56	289.27	295.04
Year 3 PV (M)	313.93	323.45	333.17
Year 4 PV (M)	338.68	352.45	366.64
Year 5 PV (M)	358.45	376.76	395.82
PV of Terminal Value (M)	8,752.88	9,200.04	9,665.28
Equity Value (M)	10,294.39	10,791.34	11,307.78
Shares Outstanding (M)	1,280.46	1,280.46	1,280.46
Fair Value	$8.04	$8.43	$8.83
Upside / Downside	-44.52%	-41.84%	-39.05%

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

Zhejiang Daily Digital Culture Group Co.,Ltd. (600633.SS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener