DDM Analysis: EXX.JO

Valuation Snapshot

Stable Growth	$1,259.13 - $2,547.82	$1,757.28
Multi-Stage	$986.88 - $1,074.85	$1,030.08
Blended Fair Value	$1,393.68
Current Price	$146.92
Upside	848.60%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	-0.24%	10.83%	23.78	22.79	36.95	52.48	16.61	24.06	1.02	9.22	2.59	4.07
YoY Growth	-	-	4.34%	-38.31%	-29.61%	215.95%	-30.97%	2,253.04%	-88.91%	256.32%	-36.48%	-52.12%
Dividend Yield	-	-	15.06%	11.15%	17.00%	34.33%	11.96%	18.35%	0.74%	5.69%	2.89%	9.25%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	17,250.00
(-) Cash Dividends Paid (M)	9,862.00
(=) Cash Retained (M)	7,388.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	3,450.00	2,156.25	1,293.75
Cash Retained (M)	7,388.00	7,388.00	7,388.00
(-) Cash Required (M)	-3,450.00	-2,156.25	-1,293.75
(=) Excess Retained (M)	3,938.00	5,231.75	6,094.25
(/) Shares Outstanding (M)	241.52	241.52	241.52
(=) Excess Retained per Share	16.31	21.66	25.23
LTM Dividend per Share	40.83	40.83	40.83
(+) Excess Retained per Share	16.31	21.66	25.23
(=) Adjusted Dividend	57.14	62.50	66.07
WACC / Discount Rate	10.29%	10.29%	10.29%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$1,259.13	$1,757.28	$2,547.82
Upside / Downside	757.02%	1,096.08%	1,634.15%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	17,250.00	18,371.25	19,565.38	20,837.13	22,191.54	23,633.99	24,343.01
Payout Ratio	57.17%	63.74%	70.30%	76.87%	83.43%	90.00%	92.50%
Projected Dividends (M)	9,862.00	11,709.25	13,754.97	16,017.17	18,515.34	21,270.60	22,517.29

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	10.29%	10.29%	10.29%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	10,517.33	10,617.02	10,716.71
Year 2 PV (M)	11,097.18	11,308.55	11,521.91
Year 3 PV (M)	11,606.86	11,940.06	12,279.56
Year 4 PV (M)	12,051.39	12,514.85	12,991.56
Year 5 PV (M)	12,435.45	13,036.09	13,659.71
PV of Terminal Value (M)	180,641.14	189,366.17	198,425.13
Equity Value (M)	238,349.35	248,782.73	259,594.58
Shares Outstanding (M)	241.52	241.52	241.52
Fair Value	$986.88	$1,030.08	$1,074.85
Upside / Downside	571.71%	601.12%	631.59%

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

Mode

Ticker

Industry

Sector

Exxaro Resources Limited (EXX.JO)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener