DDM Analysis: 4030.SR

Valuation Snapshot

Stable Growth	$205.47 - $487.68	$457.03
Multi-Stage	$70.93 - $77.68	$74.25
Blended Fair Value	$265.64
Current Price	$24.48
Upside	985.12%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	-12.37%	2.63%	0.52	0.31	0.00	1.00	0.98	1.00	0.74	1.25	1.25	0.44
YoY Growth	-	-	65.00%	0.00%	-100.00%	1.99%	-1.73%	34.81%	-40.64%	-0.02%	184.83%	10.08%
Dividend Yield	-	-	2.10%	1.47%	0.00%	6.59%	5.91%	6.53%	5.76%	9.31%	8.23%	2.45%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	1,923.54
(-) Cash Dividends Paid (M)	406.06
(=) Cash Retained (M)	1,517.49

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	384.71	240.44	144.27
Cash Retained (M)	1,517.49	1,517.49	1,517.49
(-) Cash Required (M)	-384.71	-240.44	-144.27
(=) Excess Retained (M)	1,132.78	1,277.04	1,373.22
(/) Shares Outstanding (M)	784.41	784.41	784.41
(=) Excess Retained per Share	1.44	1.63	1.75
LTM Dividend per Share	0.52	0.52	0.52
(+) Excess Retained per Share	1.44	1.63	1.75
(=) Adjusted Dividend	1.96	2.15	2.27
WACC / Discount Rate	6.51%	6.51%	6.51%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$205.47	$457.03	$487.68
Upside / Downside	739.35%	1,766.95%	1,892.16%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	1,923.54	2,048.57	2,181.73	2,323.54	2,474.57	2,635.42	2,714.48
Payout Ratio	21.11%	34.89%	48.67%	62.44%	76.22%	90.00%	92.50%
Projected Dividends (M)	406.06	714.70	1,061.76	1,450.91	1,886.17	2,371.88	2,510.90

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.51%	6.51%	6.51%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	664.74	671.04	677.34
Year 2 PV (M)	918.49	935.98	953.64
Year 3 PV (M)	1,167.38	1,200.89	1,235.04
Year 4 PV (M)	1,411.48	1,465.76	1,521.59
Year 5 PV (M)	1,650.86	1,730.60	1,813.39
PV of Terminal Value (M)	49,828.64	52,235.38	54,734.23
Equity Value (M)	55,641.58	58,239.64	60,935.23
Shares Outstanding (M)	784.41	784.41	784.41
Fair Value	$70.93	$74.25	$77.68
Upside / Downside	189.76%	203.29%	217.33%

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

The National Shipping Company of Saudi Arabia (4030.SR)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener