DDM Analysis: 600176.SS

Valuation Snapshot

Stable Growth	$32.19 - $170.57	$64.03
Multi-Stage	$25.19 - $27.61	$26.38
Blended Fair Value	$45.21
Current Price	$17.34
Upside	160.70%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	1.66%	5.47%	0.36	0.63	0.57	0.29	0.28	0.33	0.29	0.29	0.20	0.21
YoY Growth	-	-	-43.14%	9.29%	96.84%	3.23%	-14.01%	11.63%	0.12%	48.48%	-4.21%	-1.29%
Dividend Yield	-	-	2.75%	5.58%	3.91%	1.91%	1.68%	4.74%	2.97%	2.58%	3.07%	3.46%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	3,479.80
(-) Cash Dividends Paid (M)	1,206.17
(=) Cash Retained (M)	2,273.63

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	695.96	434.98	260.99
Cash Retained (M)	2,273.63	2,273.63	2,273.63
(-) Cash Required (M)	-695.96	-434.98	-260.99
(=) Excess Retained (M)	1,577.67	1,838.66	2,012.65
(/) Shares Outstanding (M)	4,003.18	4,003.18	4,003.18
(=) Excess Retained per Share	0.39	0.46	0.50
LTM Dividend per Share	0.30	0.30	0.30
(+) Excess Retained per Share	0.39	0.46	0.50
(=) Adjusted Dividend	0.70	0.76	0.80
WACC / Discount Rate	6.32%	6.32%	6.32%
Growth Rate	4.07%	5.07%	6.07%
Fair Value	$32.19	$64.03	$170.57
Upside / Downside	85.65%	269.27%	883.69%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	3,479.80	3,656.16	3,841.45	4,036.14	4,240.69	4,455.61	4,589.28
Payout Ratio	34.66%	45.73%	56.80%	67.86%	78.93%	90.00%	92.50%
Projected Dividends (M)	1,206.17	1,671.95	2,181.84	2,739.12	3,347.28	4,010.05	4,245.08

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.32%	6.32%	6.32%
Growth Rate	4.07%	5.07%	6.07%
Year 1 PV (M)	1,557.65	1,572.62	1,587.59
Year 2 PV (M)	1,893.73	1,930.30	1,967.22
Year 3 PV (M)	2,214.90	2,279.36	2,345.07
Year 4 PV (M)	2,521.64	2,619.97	2,721.15
Year 5 PV (M)	2,814.42	2,952.26	3,095.46
PV of Terminal Value (M)	89,846.70	94,247.20	98,818.44
Equity Value (M)	100,849.05	105,601.71	110,534.92
Shares Outstanding (M)	4,003.18	4,003.18	4,003.18
Fair Value	$25.19	$26.38	$27.61
Upside / Downside	45.28%	52.13%	59.24%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 24 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
EXPD	Expeditors International of Washington, Inc.	0.99%	$1.50	24.32%
LISOX	Lazard International Strategic Equity Ptf Open Shares	0.99%	$0.13	36.87%
MXC	Mexco Energy Corporation	0.99%	$0.10	12.25%
NIC	Nicolet Bankshares, Inc.	0.99%	$1.19	12.58%
PAYC	Paycom Software, Inc.	0.99%	$1.51	18.80%
RRC	Range Resources Corporation	0.99%	$0.35	14.60%
WLFC	Willis Lease Finance Corporation	0.99%	$1.32	7.58%
WOR	Worthington Industries, Inc.	0.99%	$0.52	23.95%
CNXN	PC Connection, Inc.	0.98%	$0.56	16.89%
CAT	Caterpillar Inc.	0.97%	$5.78	29.40%
CNK	Cinemark Holdings, Inc.	0.97%	$0.23	18.28%
ECL	Ecolab Inc.	0.97%	$2.54	36.57%
EVR	Evercore Inc.	0.97%	$3.41	27.02%
LSBK	Lake Shore Bancorp, Inc.	0.96%	$0.14	24.34%
0ITL.L	Arthur J. Gallagher & Co.	0.95%	$2.42	39.43%
0IZI.L	W.W. Grainger, Inc.	0.95%	$9.52	26.47%
0L5V.L	The Sherwin-Williams Company	0.95%	$3.11	30.09%
0R2S.L	Stryker Corporation	0.95%	$3.28	43.09%
RRX	Regal Rexnord Corporation	0.95%	$1.39	36.07%
WT	WisdomTree, Inc.	0.95%	$0.12	18.12%
J	Jacobs Solutions Inc.	0.94%	$1.27	53.80%
ORCL	Oracle Corporation	0.94%	$1.84	34.81%
TCBS	Texas Community Bancshares, Inc.	0.94%	$0.17	19.22%
IMKTA	Ingles Markets, Incorporated	0.93%	$0.65	14.68%
ODC	Oil-Dri Corporation of America	0.93%	$0.45	12.28%
PENG	Penguin Solutions, Inc.	0.93%	$0.19	40.17%
SSBK	Southern States Bancshares, Inc.	0.93%	$0.34	9.19%
DAL	Delta Air Lines, Inc.	0.92%	$0.63	8.94%
HIFS	Hingham Institution for Savings	0.92%	$2.49	12.15%
RL	Ralph Lauren Corporation	0.92%	$3.34	24.37%
OPY	Oppenheimer Holdings Inc.	0.91%	$0.66	8.90%
BGC	BGC Group, Inc	0.90%	$0.08	23.56%
CDRE	Cadre Holdings, Inc.	0.90%	$0.37	33.35%
MBNKP	Medallion Bank	0.90%	$0.23	12.50%
JBHT	J.B. Hunt Transport Services, Inc.	0.89%	$1.75	30.14%
NYT	The New York Times Company	0.89%	$0.62	30.32%
RMD	ResMed Inc.	0.89%	$2.18	22.31%
VBFC	Village Bank and Trust Financial Corp.	0.89%	$0.72	15.35%
0I14.L	Cognex Corporation	0.88%	$0.32	49.16%
AR	Antero Resources Corporation	0.88%	$0.30	17.15%
LDOS	Leidos Holdings, Inc.	0.88%	$1.61	14.88%
LMAT	LeMaitre Vascular, Inc.	0.88%	$0.70	32.20%
NNI	Nelnet, Inc.	0.88%	$1.14	9.52%
PFSI	PennyMac Financial Services, Inc.	0.88%	$1.16	12.49%
SMBK	SmartFinancial, Inc.	0.88%	$0.32	11.76%
BYD	Boyd Gaming Corporation	0.87%	$0.75	3.22%
ROST	Ross Stores, Inc.	0.87%	$1.59	24.85%
BBSI	Barrett Business Services, Inc.	0.86%	$0.31	15.02%
BCO	The Brink's Company	0.86%	$1.00	24.81%
HXL	Hexcel Corporation	0.86%	$0.66	77.18%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

China Jushi Co., Ltd. (600176.SS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener