DDM Analysis: 600030.SS

Valuation Snapshot

Stable Growth	$114.90 - $371.80	$348.43
Multi-Stage	$49.14 - $53.77	$51.41
Blended Fair Value	$199.92
Current Price	$29.90
Upside	568.63%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	12.14%	16.04%	1.20	0.92	1.00	0.83	0.91	0.68	0.77	0.56	0.71	0.51
YoY Growth	-	-	30.13%	-8.34%	20.53%	-8.90%	35.40%	-12.24%	38.44%	-21.83%	38.50%	89.85%
Dividend Yield	-	-	4.51%	4.74%	4.90%	3.98%	4.06%	3.23%	3.23%	3.17%	4.68%	3.06%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	28,063.75
(-) Cash Dividends Paid (M)	9,381.79
(=) Cash Retained (M)	18,681.96

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	5,612.75	3,507.97	2,104.78
Cash Retained (M)	18,681.96	18,681.96	18,681.96
(-) Cash Required (M)	-5,612.75	-3,507.97	-2,104.78
(=) Excess Retained (M)	13,069.21	15,173.99	16,577.18
(/) Shares Outstanding (M)	15,011.32	15,011.32	15,011.32
(=) Excess Retained per Share	0.87	1.01	1.10
LTM Dividend per Share	0.62	0.62	0.62
(+) Excess Retained per Share	0.87	1.01	1.10
(=) Adjusted Dividend	1.50	1.64	1.73
WACC / Discount Rate	6.87%	6.87%	6.87%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$114.90	$348.43	$371.80
Upside / Downside	284.27%	1,065.31%	1,143.47%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	28,063.75	29,887.89	31,830.60	33,899.59	36,103.07	38,449.77	39,603.26
Payout Ratio	33.43%	44.74%	56.06%	67.37%	78.69%	90.00%	92.50%
Projected Dividends (M)	9,381.79	13,373.10	17,843.65	22,838.87	28,408.08	34,604.79	36,633.01

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.87%	6.87%	6.87%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	12,395.55	12,513.05	12,630.54
Year 2 PV (M)	15,330.32	15,622.32	15,917.07
Year 3 PV (M)	18,187.61	18,709.71	19,241.71
Year 4 PV (M)	20,968.95	21,775.35	22,604.80
Year 5 PV (M)	23,675.80	24,819.35	26,006.67
PV of Terminal Value (M)	647,085.56	678,340.03	710,790.69
Equity Value (M)	737,643.79	771,779.81	807,191.48
Shares Outstanding (M)	15,011.32	15,011.32	15,011.32
Fair Value	$49.14	$51.41	$53.77
Upside / Downside	64.35%	71.95%	79.84%

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

CITIC Securities Company Limited (600030.SS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener