DDM Analysis: 6271.TW

Valuation Snapshot

Stable Growth	$105.60 - $190.86	$141.18
Multi-Stage	$139.75 - $153.27	$146.38
Blended Fair Value	$143.78
Current Price	$107.00
Upside	34.37%
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	-12.75%	-7.88%	2.40	5.97	7.68	4.70	2.76	4.74	4.74	4.67	4.67	4.67
YoY Growth	-	-	-59.85%	-22.30%	63.62%	69.85%	-41.67%	0.00%	1.50%	0.00%	0.00%	-14.29%
Dividend Yield	-	-	2.17%	3.97%	5.03%	1.89%	1.58%	3.86%	4.11%	3.32%	3.08%	4.44%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	1,561.21
(-) Cash Dividends Paid (M)	501.74
(=) Cash Retained (M)	1,059.47

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	312.24	195.15	117.09
Cash Retained (M)	1,059.47	1,059.47	1,059.47
(-) Cash Required (M)	-312.24	-195.15	-117.09
(=) Excess Retained (M)	747.23	864.32	942.38
(/) Shares Outstanding (M)	209.30	209.30	209.30
(=) Excess Retained per Share	3.57	4.13	4.50
LTM Dividend per Share	2.40	2.40	2.40
(+) Excess Retained per Share	3.57	4.13	4.50
(=) Adjusted Dividend	5.97	6.53	6.90
WACC / Discount Rate	7.54%	7.54%	7.54%
Growth Rate	1.79%	2.79%	3.79%
Fair Value	$105.60	$141.18	$190.86
Upside / Downside	-1.31%	31.94%	78.37%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	1,561.21	1,604.72	1,649.44	1,695.40	1,742.65	1,791.22	1,844.95
Payout Ratio	32.14%	43.71%	55.28%	66.86%	78.43%	90.00%	92.50%
Projected Dividends (M)	501.74	701.43	911.85	1,133.47	1,366.72	1,612.10	1,706.58

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	7.54%	7.54%	7.54%
Growth Rate	1.79%	2.79%	3.79%
Year 1 PV (M)	645.91	652.25	658.60
Year 2 PV (M)	773.22	788.49	803.90
Year 3 PV (M)	885.06	911.41	938.27
Year 4 PV (M)	982.73	1,021.93	1,062.28
Year 5 PV (M)	1,067.42	1,120.90	1,176.49
PV of Terminal Value (M)	24,896.15	26,143.37	27,440.08
Equity Value (M)	29,250.49	30,638.34	32,079.63
Shares Outstanding (M)	209.30	209.30	209.30
Fair Value	$139.75	$146.38	$153.27
Upside / Downside	30.61%	36.81%	43.24%

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

Tong Hsing Electronic Industries, Ltd. (6271.TW)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener