DDM Analysis: 600577.SS

Valuation Snapshot

Stable Growth	$47.62 - $56.10	$52.58
Multi-Stage	$31.62 - $34.70	$33.13
Blended Fair Value	$42.85
Current Price	$10.40
Upside	312.04%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	30.32%	16.84%	0.23	0.17	0.09	0.09	0.14	0.06	0.10	0.15	0.07	0.08
YoY Growth	-	-	33.44%	91.83%	1.06%	-36.81%	129.97%	-37.22%	-33.10%	101.59%	-4.06%	55.34%
Dividend Yield	-	-	3.24%	3.41%	2.14%	1.73%	3.90%	2.28%	2.68%	3.41%	1.19%	1.68%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	596.74
(-) Cash Dividends Paid (M)	204.17
(=) Cash Retained (M)	392.57

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	119.35	74.59	44.76
Cash Retained (M)	392.57	392.57	392.57
(-) Cash Required (M)	-119.35	-74.59	-44.76
(=) Excess Retained (M)	273.22	317.98	347.82
(/) Shares Outstanding (M)	2,115.32	2,115.32	2,115.32
(=) Excess Retained per Share	0.13	0.15	0.16
LTM Dividend per Share	0.10	0.10	0.10
(+) Excess Retained per Share	0.13	0.15	0.16
(=) Adjusted Dividend	0.23	0.25	0.26
WACC / Discount Rate	2.81%	2.81%	2.81%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$47.62	$52.58	$56.10
Upside / Downside	357.87%	405.55%	439.45%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	596.74	635.53	676.83	720.83	767.68	817.58	842.11
Payout Ratio	34.21%	45.37%	56.53%	67.69%	78.84%	90.00%	92.50%
Projected Dividends (M)	204.17	288.34	382.60	487.90	605.26	735.82	778.95

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	2.81%	2.81%	2.81%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	277.82	280.45	283.08
Year 2 PV (M)	355.18	361.94	368.77
Year 3 PV (M)	436.39	448.92	461.68
Year 4 PV (M)	521.61	541.67	562.30
Year 5 PV (M)	610.97	640.49	671.12
PV of Terminal Value (M)	64,678.48	67,802.48	71,046.04
Equity Value (M)	66,880.45	70,075.94	73,393.00
Shares Outstanding (M)	2,115.32	2,115.32	2,115.32
Fair Value	$31.62	$33.13	$34.70
Upside / Downside	204.01%	218.54%	233.61%

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

Tongling Jingda Special Magnet Wire Co., Ltd. (600577.SS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener