DDM Analysis: 603288.SS

Valuation Snapshot

Stable Growth	$71.03 - $240.40	$225.27
Multi-Stage	$37.47 - $41.00	$39.21
Blended Fair Value	$132.24
Current Price	$38.96
Upside	239.42%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	6.87%	25.71%	0.65	0.58	0.57	0.59	0.52	0.47	0.41	0.33	0.29	0.23
YoY Growth	-	-	13.41%	1.22%	-3.83%	14.41%	10.38%	15.23%	24.86%	13.28%	27.05%	241.49%
Dividend Yield	-	-	1.61%	1.45%	0.89%	0.90%	0.56%	0.77%	0.97%	1.18%	1.70%	1.52%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	6,851.43
(-) Cash Dividends Paid (M)	4,785.22
(=) Cash Retained (M)	2,066.21

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	1,370.29	856.43	513.86
Cash Retained (M)	2,066.21	2,066.21	2,066.21
(-) Cash Required (M)	-1,370.29	-856.43	-513.86
(=) Excess Retained (M)	695.93	1,209.78	1,552.35
(/) Shares Outstanding (M)	5,635.03	5,635.03	5,635.03
(=) Excess Retained per Share	0.12	0.21	0.28
LTM Dividend per Share	0.85	0.85	0.85
(+) Excess Retained per Share	0.12	0.21	0.28
(=) Adjusted Dividend	0.97	1.06	1.12
WACC / Discount Rate	6.31%	6.31%	6.31%
Growth Rate	4.87%	5.87%	6.87%
Fair Value	$71.03	$225.27	$240.40
Upside / Downside	82.31%	478.22%	517.03%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	6,851.43	7,253.86	7,679.92	8,131.01	8,608.60	9,114.24	9,387.67
Payout Ratio	69.84%	73.87%	77.91%	81.94%	85.97%	90.00%	92.50%
Projected Dividends (M)	4,785.22	5,358.72	5,983.09	6,662.31	7,400.69	8,202.82	8,683.59

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.31%	6.31%	6.31%
Growth Rate	4.87%	5.87%	6.87%
Year 1 PV (M)	4,993.05	5,040.66	5,088.27
Year 2 PV (M)	5,194.40	5,293.93	5,394.41
Year 3 PV (M)	5,389.40	5,545.04	5,703.65
Year 4 PV (M)	5,578.17	5,794.00	6,016.02
Year 5 PV (M)	5,760.87	6,040.82	6,331.54
PV of Terminal Value (M)	184,253.96	193,207.67	202,506.11
Equity Value (M)	211,169.86	220,922.11	231,040.01
Shares Outstanding (M)	5,635.03	5,635.03	5,635.03
Fair Value	$37.47	$39.21	$41.00
Upside / Downside	-3.81%	0.63%	5.24%

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

Mode

Ticker

Industry

Sector

Foshan Haitian Flavouring and Food Company Ltd. (603288.SS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener