DDM Analysis: 601899.SS

Valuation Snapshot

Stable Growth	$23.18 - $40.50	$30.58
Multi-Stage	$18.44 - $20.11	$19.26
Blended Fair Value	$24.92
Current Price	$29.44
Upside	-15.36%
Decision	Don't Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	23.50%	18.33%	0.50	0.45	0.32	0.19	0.17	0.17	0.14	0.11	0.10	0.10
YoY Growth	-	-	10.55%	40.54%	68.02%	8.92%	1.04%	24.25%	26.45%	8.02%	5.68%	4.45%
Dividend Yield	-	-	2.73%	2.65%	2.57%	1.67%	1.81%	4.67%	3.80%	2.52%	3.00%	2.93%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	45,556.77
(-) Cash Dividends Paid (M)	10,805.87
(=) Cash Retained (M)	34,750.89

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	9,111.35	5,694.60	3,416.76
Cash Retained (M)	34,750.89	34,750.89	34,750.89
(-) Cash Required (M)	-9,111.35	-5,694.60	-3,416.76
(=) Excess Retained (M)	25,639.54	29,056.30	31,334.14
(/) Shares Outstanding (M)	27,000.39	27,000.39	27,000.39
(=) Excess Retained per Share	0.95	1.08	1.16
LTM Dividend per Share	0.40	0.40	0.40
(+) Excess Retained per Share	0.95	1.08	1.16
(=) Adjusted Dividend	1.35	1.48	1.56
WACC / Discount Rate	11.64%	11.64%	11.64%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$23.18	$30.58	$40.50
Upside / Downside	-21.25%	3.86%	37.58%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	45,556.77	48,517.95	51,671.62	55,030.28	58,607.25	62,416.72	64,289.22
Payout Ratio	23.72%	36.98%	50.23%	63.49%	76.74%	90.00%	92.50%
Projected Dividends (M)	10,805.87	17,939.83	25,955.56	34,937.53	44,977.49	56,175.04	59,467.53

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	11.64%	11.64%	11.64%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	15,918.16	16,069.04	16,219.93
Year 2 PV (M)	20,435.21	20,824.45	21,217.35
Year 3 PV (M)	24,407.06	25,107.70	25,821.62
Year 4 PV (M)	27,880.01	28,952.20	30,055.02
Year 5 PV (M)	30,896.94	32,389.28	33,938.73
PV of Terminal Value (M)	378,466.14	396,746.19	415,725.87
Equity Value (M)	498,003.52	520,088.86	542,978.51
Shares Outstanding (M)	27,000.39	27,000.39	27,000.39
Fair Value	$18.44	$19.26	$20.11
Upside / Downside	-37.35%	-34.57%	-31.69%

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

Zijin Mining Group Company Limited (601899.SS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener