DDM Analysis: 600704.SS

Valuation Snapshot

Stable Growth	$11.87 - $23.22	$16.36
Multi-Stage	$18.44 - $20.27	$19.34
Blended Fair Value	$17.85
Current Price	$6.01
Upside	196.96%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	-0.08%	3.31%	0.49	0.55	0.54	0.52	0.54	0.49	0.43	0.49	0.33	0.37
YoY Growth	-	-	-11.60%	3.32%	2.79%	-2.81%	9.17%	13.30%	-11.85%	49.53%	-11.63%	5.38%
Dividend Yield	-	-	9.70%	12.19%	11.04%	9.76%	11.03%	10.23%	7.42%	7.38%	4.64%	5.43%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	3,798.76
(-) Cash Dividends Paid (M)	856.67
(=) Cash Retained (M)	2,942.09

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	759.75	474.84	284.91
Cash Retained (M)	2,942.09	2,942.09	2,942.09
(-) Cash Required (M)	-759.75	-474.84	-284.91
(=) Excess Retained (M)	2,182.34	2,467.24	2,657.18
(/) Shares Outstanding (M)	5,155.25	5,155.25	5,155.25
(=) Excess Retained per Share	0.42	0.48	0.52
LTM Dividend per Share	0.17	0.17	0.17
(+) Excess Retained per Share	0.42	0.48	0.52
(=) Adjusted Dividend	0.59	0.64	0.68
WACC / Discount Rate	6.34%	6.34%	6.34%
Growth Rate	1.31%	2.31%	3.31%
Fair Value	$11.87	$16.36	$23.22
Upside / Downside	97.44%	172.15%	286.29%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	3,798.76	3,886.56	3,976.39	4,068.30	4,162.33	4,258.53	4,386.29
Payout Ratio	22.55%	36.04%	49.53%	63.02%	76.51%	90.00%	92.50%
Projected Dividends (M)	856.67	1,400.75	1,969.54	2,563.86	3,184.61	3,832.68	4,057.32

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.34%	6.34%	6.34%
Growth Rate	1.31%	2.31%	3.31%
Year 1 PV (M)	1,304.31	1,317.19	1,330.06
Year 2 PV (M)	1,707.66	1,741.54	1,775.75
Year 3 PV (M)	2,069.91	2,131.82	2,194.94
Year 4 PV (M)	2,394.05	2,489.98	2,588.77
Year 5 PV (M)	2,682.87	2,817.91	2,958.35
PV of Terminal Value (M)	84,919.52	89,194.10	93,639.10
Equity Value (M)	95,078.33	99,692.54	104,486.96
Shares Outstanding (M)	5,155.25	5,155.25	5,155.25
Fair Value	$18.44	$19.34	$20.27
Upside / Downside	206.87%	221.76%	237.24%

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

Wuchan Zhongda Group Co.,Ltd. (600704.SS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener