DDM Analysis: 603681.SS

Valuation Snapshot

Stable Growth	$127.02 - $149.65	$140.24
Multi-Stage	$151.69 - $166.51	$158.96
Blended Fair Value	$149.60
Current Price	$16.66
Upside	797.97%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	11.29%	34.03%	0.39	0.19	0.19	0.35	0.22	0.23	0.03	0.03	0.03	0.02
YoY Growth	-	-	102.81%	0.00%	-43.75%	59.61%	-6.24%	599.88%	27.37%	1.91%	35.37%	-10.87%
Dividend Yield	-	-	2.81%	1.51%	0.90%	1.34%	0.98%	1.29%	0.16%	0.18%	0.18%	0.13%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	147.87
(-) Cash Dividends Paid (M)	35.23
(=) Cash Retained (M)	112.64

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	29.57	18.48	11.09
Cash Retained (M)	112.64	112.64	112.64
(-) Cash Required (M)	-29.57	-18.48	-11.09
(=) Excess Retained (M)	83.06	94.15	101.55
(/) Shares Outstanding (M)	196.51	196.51	196.51
(=) Excess Retained per Share	0.42	0.48	0.52
LTM Dividend per Share	0.18	0.18	0.18
(+) Excess Retained per Share	0.42	0.48	0.52
(=) Adjusted Dividend	0.60	0.66	0.70
WACC / Discount Rate	-8.70%	-8.70%	-8.70%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$127.02	$140.24	$149.65
Upside / Downside	662.42%	741.81%	798.26%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	147.87	157.48	167.72	178.62	190.23	202.60	208.67
Payout Ratio	23.83%	37.06%	50.30%	63.53%	76.77%	90.00%	92.50%
Projected Dividends (M)	35.23	58.37	84.36	113.48	146.03	182.34	193.02

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	-8.70%	-8.70%	-8.70%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	63.33	63.93	64.53
Year 2 PV (M)	99.31	101.20	103.11
Year 3 PV (M)	144.95	149.11	153.35
Year 4 PV (M)	202.38	210.16	218.17
Year 5 PV (M)	274.17	287.41	301.16
PV of Terminal Value (M)	29,023.60	30,425.45	31,880.96
Equity Value (M)	29,807.73	31,237.25	32,721.26
Shares Outstanding (M)	196.51	196.51	196.51
Fair Value	$151.69	$158.96	$166.51
Upside / Downside	810.48%	854.14%	899.47%

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

Shanghai Yongguan Adhesive Products Corp., Ltd. (603681.SS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener