DDM Analysis: 600603.SS

Valuation Snapshot

Stable Growth	$9.49 - $33.56	$15.72
Multi-Stage	$9.55 - $10.46	$10.00
Blended Fair Value	$12.86
Current Price	$8.98
Upside	43.20%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	-7.53%	44.00%	0.30	0.31	0.16	0.50	0.64	0.45	0.08	0.07	0.06	0.33
YoY Growth	-	-	-1.19%	93.40%	-68.45%	-20.96%	41.89%	471.45%	11.96%	12.39%	-81.23%	4,102.57%
Dividend Yield	-	-	4.20%	4.36%	2.25%	12.88%	13.42%	7.82%	1.47%	1.41%	0.74%	5.27%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	405.28
(-) Cash Dividends Paid (M)	258.42
(=) Cash Retained (M)	146.86

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	81.06	50.66	30.40
Cash Retained (M)	146.86	146.86	146.86
(-) Cash Required (M)	-81.06	-50.66	-30.40
(=) Excess Retained (M)	65.80	96.20	116.46
(/) Shares Outstanding (M)	1,177.67	1,177.67	1,177.67
(=) Excess Retained per Share	0.06	0.08	0.10
LTM Dividend per Share	0.22	0.22	0.22
(+) Excess Retained per Share	0.06	0.08	0.10
(=) Adjusted Dividend	0.28	0.30	0.32
WACC / Discount Rate	6.43%	6.43%	6.43%
Growth Rate	3.43%	4.43%	5.43%
Fair Value	$9.49	$15.72	$33.56
Upside / Downside	5.70%	75.09%	273.75%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	405.28	423.22	441.95	461.51	481.93	503.26	518.36
Payout Ratio	63.76%	69.01%	74.26%	79.51%	84.75%	90.00%	92.50%
Projected Dividends (M)	258.42	292.07	328.18	366.92	408.45	452.94	479.48

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.43%	6.43%	6.43%
Growth Rate	3.43%	4.43%	5.43%
Year 1 PV (M)	271.81	274.43	277.06
Year 2 PV (M)	284.23	289.75	295.33
Year 3 PV (M)	295.74	304.40	313.23
Year 4 PV (M)	306.37	318.39	330.76
Year 5 PV (M)	316.17	331.75	347.94
PV of Terminal Value (M)	9,770.76	10,252.34	10,752.72
Equity Value (M)	11,245.06	11,771.06	12,317.04
Shares Outstanding (M)	1,177.67	1,177.67	1,177.67
Fair Value	$9.55	$10.00	$10.46
Upside / Downside	6.33%	11.31%	16.47%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 21 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
GATX	GATX Corporation	1.45%	$2.47	28.36%
SF	Stifel Financial Corp.	1.45%	$1.86	30.82%
0HFN.L	Analog Devices, Inc.	1.44%	$3.90	84.88%
HAYN	Haynes International, Inc.	1.44%	$0.88	30.16%
0I58.L	Cummins Inc.	1.43%	$7.42	38.53%
0HRJ.L	CSX Corporation	1.42%	$0.51	33.32%
OLED	Universal Display Corporation	1.42%	$1.73	37.24%
BBW	Build-A-Bear Workshop, Inc.	1.41%	$0.86	19.50%
LBC	Luther Burbank Corporation	1.41%	$0.13	17.07%
SNDR	Schneider National, Inc.	1.41%	$0.38	58.72%
0R13.L	Church & Dwight Co., Inc.	1.40%	$1.16	36.55%
COHN	Cohen & Company Inc.	1.40%	$0.35	48.05%
HLI	Houlihan Lokey, Inc.	1.40%	$2.48	39.81%
PATK	Patrick Industries, Inc.	1.40%	$1.54	44.05%
CXT	Crane NXT, Co.	1.39%	$0.66	24.82%
ESBA	Empire State Realty OP, L.P.	1.39%	$0.09	49.94%
MMS	Maximus, Inc.	1.39%	$1.21	21.54%
WYNN	Wynn Resorts, Limited	1.39%	$1.70	34.98%
ATEN	A10 Networks, Inc.	1.38%	$0.24	34.61%
HYAC	Haymaker Acquisition Corp. III	1.38%	$0.16	37.41%
ISTR	Investar Holding Corporation	1.38%	$0.36	18.11%
MCY	Mercury General Corporation	1.38%	$1.27	16.00%
ACU	Acme United Corporation	1.37%	$0.55	28.31%
DE	Deere & Company	1.36%	$6.34	34.22%
HYAC-UN	Haymaker Acquisition Corp. 4	1.36%	$0.16	37.41%
RTX	RTX Corporation	1.36%	$2.56	52.52%
0HIN.L	Assurant, Inc.	1.35%	$3.22	19.47%
AL	Air Lease Corporation	1.35%	$0.86	9.51%
BGCP	BGC Partners, Inc.	1.34%	$0.06	11.88%
ESRT	Empire State Realty Trust, Inc.	1.34%	$0.09	49.94%
HUM	Humana Inc.	1.34%	$3.55	33.23%
ZEUS	Olympic Steel, Inc.	1.34%	$0.59	50.16%
0K9L.L	Nucor Corporation	1.33%	$2.22	31.04%
BY	Byline Bancorp, Inc.	1.33%	$0.39	13.97%
LPX	Louisiana-Pacific Corporation	1.33%	$1.09	35.19%
OPOF	Old Point Financial Corporation	1.33%	$0.56	32.91%
WSM	Williams-Sonoma, Inc.	1.33%	$2.50	27.85%
RUSHA	Rush Enterprises, Inc.	1.32%	$0.71	21.15%
VLEOX	Value Line Small Cap Opportunities Fund, Inc. Investor Class	1.32%	$0.79	56.29%
0IW7.L	Global Payments Inc.	1.31%	$1.01	13.82%
APO	Apollo Global Management, Inc.	1.31%	$1.92	27.59%
EMP	Entergy Mississippi, Inc. 1M BD 66	1.31%	$0.27	6.72%
NDSN	Nordson Corporation	1.31%	$3.15	36.67%
ROK	Rockwell Automation, Inc.	1.31%	$5.23	68.01%
UMBF	UMB Financial Corporation	1.31%	$1.52	18.87%
0L3I.L	The Charles Schwab Corporation	1.30%	$1.29	28.42%
0R2X.L	Corning Incorporated	1.30%	$1.15	72.69%
EBAY	eBay Inc.	1.30%	$1.13	24.20%
GGG	Graco Inc.	1.30%	$1.07	36.31%
HES	Hess Corporation	1.30%	$1.94	26.90%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Ticker

Industry

Sector

Guanghui Logistics Co.Ltd (600603.SS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener