DDM Analysis: 601117.SS

Valuation Snapshot

Stable Growth	$169.24 - $199.39	$186.86
Multi-Stage	$124.06 - $136.19	$130.01
Blended Fair Value	$158.43
Current Price	$7.44
Upside	2,029.50%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	8.77%	8.38%	0.26	0.30	0.22	0.27	0.15	0.17	0.14	0.14	0.13	0.14
YoY Growth	-	-	-14.79%	34.21%	-17.13%	77.90%	-9.71%	24.39%	-6.45%	14.56%	-8.12%	19.91%
Dividend Yield	-	-	3.57%	4.43%	2.42%	2.81%	2.18%	2.82%	2.05%	1.97%	1.44%	2.34%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	6,082.59
(-) Cash Dividends Paid (M)	206.06
(=) Cash Retained (M)	5,876.53

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	1,216.52	760.32	456.19
Cash Retained (M)	5,876.53	5,876.53	5,876.53
(-) Cash Required (M)	-1,216.52	-760.32	-456.19
(=) Excess Retained (M)	4,660.01	5,116.21	5,420.33
(/) Shares Outstanding (M)	6,066.88	6,066.88	6,066.88
(=) Excess Retained per Share	0.77	0.84	0.89
LTM Dividend per Share	0.03	0.03	0.03
(+) Excess Retained per Share	0.77	0.84	0.89
(=) Adjusted Dividend	0.80	0.88	0.93
WACC / Discount Rate	0.67%	0.67%	0.67%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$169.24	$186.86	$199.39
Upside / Downside	2,174.69%	2,411.53%	2,579.97%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	6,082.59	6,477.96	6,899.02	7,347.46	7,825.04	8,333.67	8,583.68
Payout Ratio	3.39%	20.71%	38.03%	55.36%	72.68%	90.00%	92.50%
Projected Dividends (M)	206.06	1,341.59	2,623.88	4,067.19	5,687.05	7,500.31	7,939.91

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	0.67%	0.67%	0.67%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	1,320.20	1,332.72	1,345.23
Year 2 PV (M)	2,540.87	2,589.27	2,638.12
Year 3 PV (M)	3,875.72	3,986.98	4,100.35
Year 4 PV (M)	5,332.91	5,538.00	5,748.95
Year 5 PV (M)	6,921.10	7,255.40	7,602.48
PV of Terminal Value (M)	732,675.84	768,064.36	804,807.28
Equity Value (M)	752,666.65	788,766.72	826,242.40
Shares Outstanding (M)	6,066.88	6,066.88	6,066.88
Fair Value	$124.06	$130.01	$136.19
Upside / Downside	1,567.50%	1,647.47%	1,730.50%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 15 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
0R28.L	Newmont Corporation	2.49%	$1.01	15.53%
ETR	Entergy Corporation	2.49%	$2.34	57.35%
NKE	NIKE, Inc.	2.49%	$1.58	80.59%
OTTR	Otter Tail Corporation	2.49%	$2.03	30.69%
FHN	First Horizon Corporation	2.48%	$0.60	34.42%
PWP	Perella Weinberg Partners	2.48%	$0.44	69.65%
SCS	Steelcase Inc.	2.48%	$0.40	50.05%
PBI	Pitney Bowes Inc.	2.46%	$0.25	61.37%
RBCAA	Republic Bancorp, Inc.	2.45%	$1.67	25.85%
SRCE	1st Source Corporation	2.45%	$1.53	25.20%
TRMK	Trustmark Corporation	2.45%	$0.96	26.11%
VOYA	Voya Financial, Inc.	2.45%	$1.86	29.46%
AWK	American Water Works Company, Inc.	2.44%	$3.18	55.85%
LSTR	Landstar System, Inc.	2.44%	$3.58	90.21%
NGL	NGL Energy Partners LP	2.44%	$0.24	24.52%
TCFC	The Community Financial Corporation	2.44%	$0.66	12.72%
CADE	Cadence Bank	2.43%	$1.05	37.49%
JNJ	Johnson & Johnson	2.43%	$5.04	48.70%
MBCN	Middlefield Banc Corp.	2.43%	$0.83	42.36%
0L7G.L	Snap-on Incorporated	2.42%	$8.43	44.15%
ITW	Illinois Tool Works Inc.	2.42%	$6.04	58.20%
MOFG	MidWestOne Financial Group, Inc.	2.40%	$0.92	32.44%
FFIN	First Financial Bankshares, Inc.	2.39%	$0.72	42.45%
ADP	Automatic Data Processing, Inc.	2.38%	$6.03	59.30%
CAL	Caleres, Inc.	2.38%	$0.29	46.21%
ABM	ABM Industries Incorporated	2.37%	$1.01	54.79%
FUNC	First United Corporation	2.36%	$0.88	22.87%
HON	Honeywell International Inc.	2.36%	$4.63	48.21%
RILYK	B. Riley Financial, Inc. 5.50% Senior Notes Due 2026	2.36%	$0.58	56.91%
CDW	CDW Corporation	2.35%	$3.14	39.31%
CHMG	Chemung Financial Corporation	2.35%	$1.28	46.47%
LZB	La-Z-Boy Incorporated	2.35%	$0.88	40.20%
PKG	Packaging Corporation of America	2.35%	$4.97	50.31%
UNP	Union Pacific Corporation	2.35%	$5.44	45.77%
0K91.L	Northern Trust Corporation	2.34%	$3.20	35.68%
MCD	McDonald's Corporation	2.33%	$7.07	60.14%
MGEE	MGE Energy, Inc.	2.32%	$1.82	49.49%
MZTI	The Marzetti Company	2.32%	$3.82	61.80%
UNM	Unum Group	2.32%	$1.79	33.52%
RILYM	B. Riley Financial, Inc. - 6.37	2.31%	$0.58	56.91%
RILYO	B. Riley Financial, Inc. - 6.75	2.31%	$0.58	56.91%
HONIV	Honeywell International Inc. Common Stock Ex Distribution When Issued	2.30%	$4.63	48.21%
PGR	The Progressive Corporation	2.30%	$4.88	26.80%
WNEB	Western New England Bancorp, Inc.	2.30%	$0.28	43.00%
0R23.L	Halliburton Company	2.29%	$0.68	44.61%
ADS	Bread Financial Holdings, Inc.	2.29%	$1.30	21.08%
HLNE	Hamilton Lane Incorporated	2.29%	$3.13	74.09%
BSVN	Bank7 Corp.	2.28%	$0.94	20.81%
MCBC	Macatawa Bank Corporation	2.28%	$0.34	28.37%
BRKL	Brookline Bancorp, Inc.	2.27%	$0.54	61.06%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

China National Chemical Engineering Co., Ltd (601117.SS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener