DDM Analysis: 601838.SS

Valuation Snapshot

Stable Growth	$532.34 - $627.19	$587.77
Multi-Stage	$161.42 - $177.07	$169.10
Blended Fair Value	$378.43
Current Price	$17.25
Upside	2,093.82%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	25.29%	17.95%	1.11	0.96	0.72	0.58	0.54	0.36	0.30	0.25	0.30	0.22
YoY Growth	-	-	16.38%	32.34%	25.15%	7.12%	49.52%	19.97%	19.76%	-15.32%	32.43%	4.74%
Dividend Yield	-	-	6.48%	6.98%	5.34%	3.85%	4.79%	4.80%	3.30%	2.27%	2.95%	2.23%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	13,312.72
(-) Cash Dividends Paid (M)	469.84
(=) Cash Retained (M)	12,842.89

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	2,662.54	1,664.09	998.45
Cash Retained (M)	12,842.89	12,842.89	12,842.89
(-) Cash Required (M)	-2,662.54	-1,664.09	-998.45
(=) Excess Retained (M)	10,180.34	11,178.80	11,844.43
(/) Shares Outstanding (M)	4,221.32	4,221.32	4,221.32
(=) Excess Retained per Share	2.41	2.65	2.81
LTM Dividend per Share	0.11	0.11	0.11
(+) Excess Retained per Share	2.41	2.65	2.81
(=) Adjusted Dividend	2.52	2.76	2.92
WACC / Discount Rate	5.02%	5.02%	5.02%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$532.34	$587.77	$627.19
Upside / Downside	2,986.04%	3,307.36%	3,535.88%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	13,312.72	14,178.05	15,099.62	16,081.10	17,126.37	18,239.59	18,786.77
Payout Ratio	3.53%	20.82%	38.12%	55.41%	72.71%	90.00%	92.50%
Projected Dividends (M)	469.84	2,952.35	5,755.60	8,910.81	12,451.87	16,415.63	17,377.77

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	5.02%	5.02%	5.02%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	2,784.94	2,811.34	2,837.74
Year 2 PV (M)	5,121.40	5,218.95	5,317.41
Year 3 PV (M)	7,479.34	7,694.05	7,912.82
Year 4 PV (M)	9,858.93	10,238.08	10,628.05
Year 5 PV (M)	12,260.31	12,852.48	13,467.32
PV of Terminal Value (M)	643,901.32	675,001.99	707,292.96
Equity Value (M)	681,406.24	713,816.89	747,456.32
Shares Outstanding (M)	4,221.32	4,221.32	4,221.32
Fair Value	$161.42	$169.10	$177.07
Upside / Downside	835.77%	880.28%	926.48%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 14 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
UVSP	Univest Financial Corporation	2.69%	$0.87	28.95%
VBTX	Veritex Holdings, Inc.	2.69%	$0.81	38.53%
CBT	Cabot Corporation	2.68%	$1.80	29.00%
PKOH	Park-Ohio Holdings Corp.	2.68%	$0.56	33.19%
WINA	Winmark Corporation	2.68%	$10.76	96.24%
CHCO	City Holding Company	2.67%	$3.20	36.27%
IDA	IDACORP, Inc.	2.67%	$3.40	58.98%
LFVN	LifeVantage Corporation	2.67%	$0.16	18.67%
MMM	3M Company	2.67%	$4.31	68.77%
MSEX	Middlesex Water Company	2.67%	$1.34	56.69%
ONB	Old National Bancorp	2.67%	$0.60	35.48%
0HQU.L	CF Industries Holdings, Inc.	2.66%	$2.07	24.22%
MGY	Magnolia Oil & Gas Corporation	2.66%	$0.60	32.28%
PEBK	Peoples Bancorp of North Carolina, Inc.	2.66%	$0.95	30.99%
GSBC	Great Southern Bancorp, Inc.	2.65%	$1.63	26.64%
HD	The Home Depot, Inc.	2.65%	$9.15	62.39%
MVBF	MVB Financial Corp.	2.65%	$0.68	27.31%
PPG	PPG Industries, Inc.	2.65%	$2.76	62.85%
TWMIX	American Century Emerging Markets Investor Class	2.64%	$0.40	76.80%
0M2A.L	Adeia Inc.	2.63%	$0.35	53.29%
ALLY	Ally Financial Inc.	2.63%	$1.20	59.56%
FRAF	Franklin Financial Services Corporation	2.63%	$1.28	36.88%
LEA	Lear Corporation	2.63%	$3.12	37.81%
VHI	Valhi, Inc.	2.63%	$0.32	49.46%
FHI	Federated Hermes, Inc.	2.62%	$1.37	27.23%
MKC	McCormick & Company, Incorporated	2.62%	$1.76	61.04%
SLB	SLB N.V.	2.62%	$1.05	42.94%
BAH	Booz Allen Hamilton Holding Corporation	2.61%	$2.22	33.15%
GILD	Gilead Sciences, Inc.	2.61%	$3.18	49.10%
AWR	American States Water Company	2.60%	$1.88	55.89%
CBAN	Colony Bankcorp, Inc.	2.59%	$0.46	28.75%
MDU	MDU Resources Group, Inc.	2.59%	$0.51	62.41%
PLBC	Plumas Bancorp	2.59%	$1.14	27.38%
CRD-A	Crawford & Company	2.58%	$0.28	43.18%
WBS	Webster Financial Corporation	2.57%	$1.64	29.21%
FANG	Diamondback Energy, Inc.	2.56%	$3.90	26.98%
JEF	Jefferies Financial Group Inc.	2.56%	$1.63	49.77%
UNH	UnitedHealth Group Incorporated	2.56%	$8.60	44.61%
DOX	Amdocs Limited	2.55%	$2.04	39.68%
DVN	Devon Energy Corporation	2.55%	$0.96	22.55%
TGNA	TEGNA Inc.	2.55%	$0.49	23.26%
CFFI	C&F Financial Corporation	2.54%	$1.80	22.24%
MTH	Meritage Homes Corporation	2.54%	$1.68	21.92%
DTM	DT Midstream, Inc.	2.52%	$3.04	77.42%
LEVI	Levi Strauss & Co.	2.52%	$0.52	34.78%
NFG	National Fuel Gas Company	2.52%	$2.07	36.34%
AMNB	American National Bankshares Inc.	2.51%	$1.20	48.76%
HIMYX	Pioneer High Income Municipal Fund Class Y	2.51%	$0.14	81.31%
ACNB	ACNB Corporation	2.50%	$1.18	37.66%
FMBH	First Mid Bancshares, Inc.	2.50%	$0.96	26.52%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Bank of Chengdu Co., Ltd. (601838.SS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener