DDM Analysis: 600570.SS

Valuation Snapshot

Stable Growth	$12.78 - $31.74	$19.14
Multi-Stage	$8.91 - $9.74	$9.32
Blended Fair Value	$14.23
Current Price	$34.52
Upside	-58.78%
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	5.88%	10.28%	0.14	0.14	0.08	0.06	0.23	0.11	0.10	0.03	0.09	0.06
YoY Growth	-	-	6.57%	68.89%	40.03%	-75.48%	115.31%	10.34%	190.00%	-61.54%	44.44%	12.50%
Dividend Yield	-	-	0.51%	0.58%	0.15%	0.17%	0.50%	0.29%	0.31%	0.17%	0.64%	0.32%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	1,052.90
(-) Cash Dividends Paid (M)	247.33
(=) Cash Retained (M)	805.57

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	210.58	131.61	78.97
Cash Retained (M)	805.57	805.57	805.57
(-) Cash Required (M)	-210.58	-131.61	-78.97
(=) Excess Retained (M)	594.99	673.96	726.60
(/) Shares Outstanding (M)	1,827.82	1,827.82	1,827.82
(=) Excess Retained per Share	0.33	0.37	0.40
LTM Dividend per Share	0.14	0.14	0.14
(+) Excess Retained per Share	0.33	0.37	0.40
(=) Adjusted Dividend	0.46	0.50	0.53
WACC / Discount Rate	9.30%	9.30%	9.30%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$12.78	$19.14	$31.74
Upside / Downside	-62.98%	-44.55%	-8.04%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	1,052.90	1,121.33	1,194.22	1,271.84	1,354.51	1,442.56	1,485.83
Payout Ratio	23.49%	36.79%	50.09%	63.40%	76.70%	90.00%	92.50%
Projected Dividends (M)	247.33	412.56	598.23	806.30	1,038.89	1,298.30	1,374.40

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	9.30%	9.30%	9.30%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	373.90	377.44	380.99
Year 2 PV (M)	491.36	500.72	510.17
Year 3 PV (M)	600.19	617.42	634.98
Year 4 PV (M)	700.86	727.81	755.53
Year 5 PV (M)	793.78	832.12	871.93
PV of Terminal Value (M)	13,328.91	13,972.70	14,641.13
Equity Value (M)	16,289.00	17,028.22	17,794.73
Shares Outstanding (M)	1,827.82	1,827.82	1,827.82
Fair Value	$8.91	$9.32	$9.74
Upside / Downside	-74.18%	-73.01%	-71.80%

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

Hundsun Technologies Inc. (600570.SS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener