DDM Analysis: 600737.SS

Valuation Snapshot

Stable Growth	$25.52 - $127.02	$53.50
Multi-Stage	$13.98 - $15.29	$14.62
Blended Fair Value	$34.06
Current Price	$15.95
Upside	113.57%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	44.92%	40.42%	0.86	0.50	0.11	0.08	0.12	0.13	0.16	0.12	0.03	0.03
YoY Growth	-	-	71.54%	354.55%	37.50%	-36.00%	-6.84%	-17.72%	30.77%	271.43%	16.67%	0.00%
Dividend Yield	-	-	8.93%	5.04%	1.36%	0.94%	1.31%	1.47%	1.79%	1.62%	0.30%	0.23%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	1,366.32
(-) Cash Dividends Paid (M)	478.56
(=) Cash Retained (M)	887.76

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	273.26	170.79	102.47
Cash Retained (M)	887.76	887.76	887.76
(-) Cash Required (M)	-273.26	-170.79	-102.47
(=) Excess Retained (M)	614.49	716.97	785.28
(/) Shares Outstanding (M)	2,139.22	2,139.22	2,139.22
(=) Excess Retained per Share	0.29	0.34	0.37
LTM Dividend per Share	0.22	0.22	0.22
(+) Excess Retained per Share	0.29	0.34	0.37
(=) Adjusted Dividend	0.51	0.56	0.59
WACC / Discount Rate	7.61%	7.61%	7.61%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$25.52	$53.50	$127.02
Upside / Downside	59.99%	235.45%	696.37%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	1,366.32	1,455.13	1,549.71	1,650.44	1,757.72	1,871.98	1,928.13
Payout Ratio	35.03%	46.02%	57.02%	68.01%	79.01%	90.00%	92.50%
Projected Dividends (M)	478.56	669.66	883.57	1,122.47	1,388.69	1,684.78	1,783.52

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	7.61%	7.61%	7.61%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	616.44	622.29	628.13
Year 2 PV (M)	748.73	762.99	777.38
Year 3 PV (M)	875.58	900.72	926.33
Year 4 PV (M)	997.17	1,035.51	1,074.96
Year 5 PV (M)	1,113.64	1,167.43	1,223.28
PV of Terminal Value (M)	25,559.52	26,794.05	28,075.83
Equity Value (M)	29,911.07	31,282.98	32,705.91
Shares Outstanding (M)	2,139.22	2,139.22	2,139.22
Fair Value	$13.98	$14.62	$15.29
Upside / Downside	-12.34%	-8.32%	-4.15%

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

Cofco Sugar Holding CO.,LTD. (600737.SS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener