DDM Analysis: 603966.SS

Valuation Snapshot

Stable Growth	$12.31 - $29.25	$18.17
Multi-Stage	$8.50 - $9.29	$8.89
Blended Fair Value	$13.53
Current Price	$10.87
Upside	24.46%
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	42.34%	27.05%	0.27	0.25	0.20	0.19	0.07	0.05	0.04	0.05	0.05	0.02
YoY Growth	-	-	4.63%	24.57%	9.55%	158.72%	58.17%	16.10%	-17.30%	4.99%	86.03%	0.00%
Dividend Yield	-	-	2.87%	2.98%	1.73%	2.29%	0.82%	0.80%	0.57%	0.70%	0.28%	0.50%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	214.81
(-) Cash Dividends Paid (M)	8.49
(=) Cash Retained (M)	206.31

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	42.96	26.85	16.11
Cash Retained (M)	206.31	206.31	206.31
(-) Cash Required (M)	-42.96	-26.85	-16.11
(=) Excess Retained (M)	163.35	179.46	190.20
(/) Shares Outstanding (M)	371.26	371.26	371.26
(=) Excess Retained per Share	0.44	0.48	0.51
LTM Dividend per Share	0.02	0.02	0.02
(+) Excess Retained per Share	0.44	0.48	0.51
(=) Adjusted Dividend	0.46	0.51	0.54
WACC / Discount Rate	9.47%	9.47%	9.47%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$12.31	$18.17	$29.25
Upside / Downside	13.24%	67.17%	169.06%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	214.81	228.77	243.64	259.47	276.34	294.30	303.13
Payout Ratio	3.95%	21.16%	38.37%	55.58%	72.79%	90.00%	92.50%
Projected Dividends (M)	8.49	48.41	93.49	144.22	201.15	264.87	280.40

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	9.47%	9.47%	9.47%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	43.81	44.23	44.64
Year 2 PV (M)	76.56	78.02	79.49
Year 3 PV (M)	106.88	109.94	113.07
Year 4 PV (M)	134.89	140.08	145.42
Year 5 PV (M)	160.74	168.51	176.57
PV of Terminal Value (M)	2,631.20	2,758.29	2,890.24
Equity Value (M)	3,154.09	3,299.07	3,449.43
Shares Outstanding (M)	371.26	371.26	371.26
Fair Value	$8.50	$8.89	$9.29
Upside / Downside	-21.84%	-18.25%	-14.52%

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

Eurocrane (China) Co., Ltd. (603966.SS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener