DDM Analysis: 601512.SS

Valuation Snapshot

Stable Growth	$4.70 - $7.19	$5.87
Multi-Stage	$10.87 - $11.98	$11.42
Blended Fair Value	$8.64
Current Price	$9.37
Upside	-7.77%
Decision	Don't Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2013
DPS	39.60%	2.36%	0.53	0.54	0.30	0.26	0.22	0.10	0.09	0.11	0.21	0.40
YoY Growth	-	-	-2.65%	78.85%	16.41%	19.09%	119.62%	10.28%	-18.01%	-46.41%	-48.02%	-5.42%
Dividend Yield	-	-	6.95%	6.89%	3.16%	2.80%	2.35%	0.94%	0.65%	0.00%	0.00%	0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	794.81
(-) Cash Dividends Paid (M)	228.67
(=) Cash Retained (M)	566.13

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	158.96	99.35	59.61
Cash Retained (M)	566.13	566.13	566.13
(-) Cash Required (M)	-158.96	-99.35	-59.61
(=) Excess Retained (M)	407.17	466.78	506.52
(/) Shares Outstanding (M)	1,504.57	1,504.57	1,504.57
(=) Excess Retained per Share	0.27	0.31	0.34
LTM Dividend per Share	0.15	0.15	0.15
(+) Excess Retained per Share	0.27	0.31	0.34
(=) Adjusted Dividend	0.42	0.46	0.49
WACC / Discount Rate	6.42%	6.42%	6.42%
Growth Rate	-2.35%	-1.35%	-0.35%
Fair Value	$4.70	$5.87	$7.19
Upside / Downside	-49.80%	-37.40%	-23.28%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	794.81	784.05	773.43	762.97	752.64	742.45	764.72
Payout Ratio	28.77%	41.02%	53.26%	65.51%	77.75%	90.00%	92.50%
Projected Dividends (M)	228.67	321.59	411.95	499.81	585.21	668.21	707.37

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.42%	6.42%	6.42%
Growth Rate	-2.35%	-1.35%	-0.35%
Year 1 PV (M)	299.13	302.19	305.25
Year 2 PV (M)	356.41	363.75	371.16
Year 3 PV (M)	402.21	414.70	427.44
Year 4 PV (M)	438.04	456.27	475.05
Year 5 PV (M)	465.23	489.55	514.87
PV of Terminal Value (M)	14,400.76	15,153.41	15,937.21
Equity Value (M)	16,361.78	17,179.86	18,030.98
Shares Outstanding (M)	1,504.57	1,504.57	1,504.57
Fair Value	$10.87	$11.42	$11.98
Upside / Downside	16.06%	21.86%	27.90%

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

China-Singapore Suzhou Industrial Park Development Group Co., Ltd. (601512.SS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener