DDM Analysis: 600332.SS

Valuation Snapshot

Stable Growth	$149.83 - $365.29	$342.33
Multi-Stage	$53.76 - $58.81	$56.24
Blended Fair Value	$199.28
Current Price	$25.55
Upside	679.97%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	16.57%	18.57%	1.38	0.97	0.92	0.78	0.79	0.64	0.54	0.29	0.32	0.25
YoY Growth	-	-	41.98%	6.35%	17.73%	-1.85%	23.36%	20.12%	87.77%	-9.53%	27.72%	-2.10%
Dividend Yield	-	-	5.23%	3.34%	2.77%	2.48%	2.85%	2.04%	1.35%	0.94%	1.11%	1.08%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	2,986.57
(-) Cash Dividends Paid (M)	1,509.03
(=) Cash Retained (M)	1,477.54

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	597.31	373.32	223.99
Cash Retained (M)	1,477.54	1,477.54	1,477.54
(-) Cash Required (M)	-597.31	-373.32	-223.99
(=) Excess Retained (M)	880.22	1,104.22	1,253.55
(/) Shares Outstanding (M)	1,626.00	1,626.00	1,626.00
(=) Excess Retained per Share	0.54	0.68	0.77
LTM Dividend per Share	0.93	0.93	0.93
(+) Excess Retained per Share	0.54	0.68	0.77
(=) Adjusted Dividend	1.47	1.61	1.70
WACC / Discount Rate	6.53%	6.53%	6.53%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$149.83	$342.33	$365.29
Upside / Downside	486.42%	1,239.83%	1,329.69%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	2,986.57	3,180.70	3,387.44	3,607.63	3,842.12	4,091.86	4,214.62
Payout Ratio	50.53%	58.42%	66.32%	74.21%	82.11%	90.00%	92.50%
Projected Dividends (M)	1,509.03	1,858.22	2,246.43	2,677.25	3,154.59	3,682.68	3,898.52

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.53%	6.53%	6.53%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	1,727.86	1,744.24	1,760.62
Year 2 PV (M)	1,942.30	1,979.30	2,016.64
Year 3 PV (M)	2,152.41	2,214.20	2,277.16
Year 4 PV (M)	2,358.26	2,448.95	2,542.23
Year 5 PV (M)	2,559.90	2,683.55	2,811.92
PV of Terminal Value (M)	76,667.94	80,371.03	84,215.84
Equity Value (M)	87,408.67	91,441.26	95,624.42
Shares Outstanding (M)	1,626.00	1,626.00	1,626.00
Fair Value	$53.76	$56.24	$58.81
Upside / Downside	110.40%	120.11%	130.17%

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

Analysis Mode

Ticker

Industry

Sector

Guangzhou Baiyunshan Pharmaceutical Holdings Company Limited (600332.SS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener