DDM Analysis: 600660.SS

Valuation Snapshot

Stable Growth	$283.27 - $692.58	$649.05
Multi-Stage	$102.03 - $111.60	$106.73
Blended Fair Value	$377.89
Current Price	$73.41
Upside	414.76%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	9.96%	11.53%	1.42	1.38	1.11	0.87	0.85	0.89	1.27	0.81	0.78	0.66
YoY Growth	-	-	3.25%	23.70%	27.65%	2.64%	-3.93%	-30.06%	56.48%	3.72%	18.70%	37.47%
Dividend Yield	-	-	2.43%	3.08%	3.21%	2.45%	1.85%	4.62%	5.12%	3.27%	3.45%	4.41%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	9,083.05
(-) Cash Dividends Paid (M)	4,845.10
(=) Cash Retained (M)	4,237.95

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	1,816.61	1,135.38	681.23
Cash Retained (M)	4,237.95	4,237.95	4,237.95
(-) Cash Required (M)	-1,816.61	-1,135.38	-681.23
(=) Excess Retained (M)	2,421.34	3,102.57	3,556.72
(/) Shares Outstanding (M)	2,608.21	2,608.21	2,608.21
(=) Excess Retained per Share	0.93	1.19	1.36
LTM Dividend per Share	1.86	1.86	1.86
(+) Excess Retained per Share	0.93	1.19	1.36
(=) Adjusted Dividend	2.79	3.05	3.22
WACC / Discount Rate	6.54%	6.54%	6.54%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$283.27	$649.05	$692.58
Upside / Downside	285.87%	784.14%	843.44%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	9,083.05	9,673.44	10,302.22	10,971.86	11,685.03	12,444.56	12,817.90
Payout Ratio	53.34%	60.67%	68.01%	75.34%	82.67%	90.00%	92.50%
Projected Dividends (M)	4,845.10	5,869.24	7,006.06	8,265.86	9,659.83	11,200.10	11,856.55

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.54%	6.54%	6.54%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	5,457.35	5,509.08	5,560.81
Year 2 PV (M)	6,057.22	6,172.60	6,289.06
Year 3 PV (M)	6,644.89	6,835.64	7,030.01
Year 4 PV (M)	7,220.53	7,498.22	7,783.83
Year 5 PV (M)	7,784.34	8,160.32	8,550.70
PV of Terminal Value (M)	232,942.29	244,193.49	255,875.30
Equity Value (M)	266,106.63	278,369.35	291,089.71
Shares Outstanding (M)	2,608.21	2,608.21	2,608.21
Fair Value	$102.03	$106.73	$111.60
Upside / Downside	38.98%	45.39%	52.03%

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

Fuyao Glass Industry Group Co., Ltd. (600660.SS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener