DDM Analysis: 603160.SS

Valuation Snapshot

Stable Growth	$6.75 - $8.91	$7.88
Multi-Stage	$12.74 - $14.08	$13.40
Blended Fair Value	$10.64
Current Price	$82.61
Upside	-87.12%
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	-15.84%	1.57%	0.21	0.04	0.22	0.44	0.79	0.49	0.59	0.38	0.22	0.21
YoY Growth	-	-	418.77%	-81.42%	-51.08%	-43.94%	59.75%	-16.69%	53.99%	78.03%	1.01%	20.00%
Dividend Yield	-	-	0.28%	0.07%	0.38%	0.62%	0.70%	0.19%	0.54%	0.42%	0.23%	0.76%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	832.20
(-) Cash Dividends Paid (M)	186.90
(=) Cash Retained (M)	645.29

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	166.44	104.02	62.41
Cash Retained (M)	645.29	645.29	645.29
(-) Cash Required (M)	-166.44	-104.02	-62.41
(=) Excess Retained (M)	478.85	541.27	582.88
(/) Shares Outstanding (M)	463.43	463.43	463.43
(=) Excess Retained per Share	1.03	1.17	1.26
LTM Dividend per Share	0.40	0.40	0.40
(+) Excess Retained per Share	1.03	1.17	1.26
(=) Adjusted Dividend	1.44	1.57	1.66
WACC / Discount Rate	9.71%	9.71%	9.71%
Growth Rate	-9.54%	-8.54%	-7.54%
Fair Value	$6.75	$7.88	$8.91
Upside / Downside	-91.83%	-90.47%	-89.22%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	832.20	761.16	696.18	636.75	582.39	532.68	548.66
Payout Ratio	22.46%	35.97%	49.48%	62.98%	76.49%	90.00%	92.50%
Projected Dividends (M)	186.90	273.77	344.44	401.05	445.48	479.41	507.51

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	9.71%	9.71%	9.71%
Growth Rate	-9.54%	-8.54%	-7.54%
Year 1 PV (M)	246.81	249.54	252.27
Year 2 PV (M)	279.95	286.17	292.46
Year 3 PV (M)	293.86	303.72	313.79
Year 4 PV (M)	294.28	307.51	321.18
Year 5 PV (M)	285.51	301.64	318.50
PV of Terminal Value (M)	4,504.88	4,759.43	5,025.36
Equity Value (M)	5,905.28	6,208.01	6,523.56
Shares Outstanding (M)	463.43	463.43	463.43
Fair Value	$12.74	$13.40	$14.08
Upside / Downside	-84.58%	-83.78%	-82.96%

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

Shenzhen Goodix Technology Co., Ltd. (603160.SS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener