DDM Analysis: 601336.SS

Valuation Snapshot

Stable Growth	$842.06 - $2,448.25	$2,294.37
Multi-Stage	$333.89 - $365.55	$349.43
Blended Fair Value	$1,321.90
Current Price	$61.16
Upside	2,061.38%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	14.36%	14.61%	1.51	1.35	1.62	1.39	1.41	0.77	0.57	0.69	0.58	0.51
YoY Growth	-	-	11.17%	-16.54%	16.81%	-1.43%	83.14%	33.97%	-16.21%	17.97%	13.52%	32.95%
Dividend Yield	-	-	2.92%	4.44%	5.32%	3.93%	2.90%	1.93%	1.03%	1.49%	1.38%	1.26%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	38,406.00
(-) Cash Dividends Paid (M)	9,032.00
(=) Cash Retained (M)	29,374.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	7,681.20	4,800.75	2,880.45
Cash Retained (M)	29,374.00	29,374.00	29,374.00
(-) Cash Required (M)	-7,681.20	-4,800.75	-2,880.45
(=) Excess Retained (M)	21,692.80	24,573.25	26,493.55
(/) Shares Outstanding (M)	3,119.77	3,119.77	3,119.77
(=) Excess Retained per Share	6.95	7.88	8.49
LTM Dividend per Share	2.90	2.90	2.90
(+) Excess Retained per Share	6.95	7.88	8.49
(=) Adjusted Dividend	9.85	10.77	11.39
WACC / Discount Rate	6.73%	6.73%	6.73%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$842.06	$2,294.37	$2,448.25
Upside / Downside	1,276.82%	3,651.42%	3,903.03%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	38,406.00	40,902.39	43,561.05	46,392.51	49,408.03	52,619.55	54,198.13
Payout Ratio	23.52%	36.81%	50.11%	63.41%	76.70%	90.00%	92.50%
Projected Dividends (M)	9,032.00	15,057.69	21,828.57	29,416.04	37,897.65	47,357.59	50,133.27

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.73%	6.73%	6.73%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	13,975.23	14,107.70	14,240.16
Year 2 PV (M)	18,802.96	19,161.11	19,522.63
Year 3 PV (M)	23,517.21	24,192.30	24,880.20
Year 4 PV (M)	28,119.94	29,201.36	30,313.67
Year 5 PV (M)	32,613.12	34,188.34	35,823.85
PV of Terminal Value (M)	924,629.46	969,289.41	1,015,658.60
Equity Value (M)	1,041,657.92	1,090,140.21	1,140,439.11
Shares Outstanding (M)	3,119.77	3,119.77	3,119.77
Fair Value	$333.89	$349.43	$365.55
Upside / Downside	445.93%	471.34%	497.70%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 25 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
MDC	M.D.C. Holdings, Inc.	0.86%	$0.54	55.94%
AXP	American Express Company	0.85%	$3.17	20.85%
FOXA	Fox Corporation	0.85%	$0.62	13.96%
LMST	Limestone Bancorp, Inc.	0.85%	$0.20	8.06%
RCL	Royal Caribbean Cruises Ltd.	0.85%	$2.41	16.19%
AZZ	AZZ Inc.	0.84%	$0.92	8.89%
HIBB	Hibbett, Inc.	0.84%	$0.74	9.00%
MAR	Marriott International, Inc.	0.84%	$2.62	27.38%
MORN	Morningstar, Inc.	0.84%	$1.77	20.03%
SGH	SMART Global Holdings, Inc.	0.84%	$0.14	30.96%
URI	United Rentals, Inc.	0.84%	$7.13	18.10%
0HYJ.L	Cintas Corporation	0.83%	$1.54	34.15%
EFX	Equifax Inc.	0.83%	$1.78	33.46%
GM	General Motors Company	0.82%	$0.66	21.22%
KVSA	Khosla Ventures Acquisition Co.	0.81%	$0.09	9.61%
WMT	Walmart Inc.	0.81%	$0.91	31.92%
BMI	Badger Meter, Inc.	0.80%	$1.41	30.10%
FRD	Friedman Industries, Incorporated	0.80%	$0.16	9.82%
ITT	ITT Inc.	0.80%	$1.40	22.66%
MLI	Mueller Industries, Inc.	0.80%	$0.94	13.89%
SSSSL	SuRo Capital Corp. 6.00% Notes due 2026	0.80%	$0.20	8.46%
RGLD	Royal Gold, Inc.	0.79%	$1.75	24.00%
VRSK	Verisk Analytics, Inc.	0.79%	$1.74	26.41%
COF	Capital One Financial Corporation	0.78%	$1.94	87.57%
EE	Excelerate Energy, Inc.	0.78%	$0.22	9.21%
0K36.L	Moody's Corporation	0.77%	$3.82	30.70%
HCI	HCI Group, Inc.	0.77%	$1.42	9.00%
PH	Parker-Hannifin Corporation	0.77%	$6.85	24.15%
SEI	Solaris Energy Infrastructure, Inc.	0.77%	$0.39	44.96%
0HQN.L	Cboe Global Markets, Inc.	0.76%	$1.90	20.31%
ASIC	Ategrity Specialty Holdings LLC	0.76%	$0.15	12.77%
GL	Globe Life Inc.	0.75%	$1.03	7.35%
0KYY.L	S&P Global Inc.	0.74%	$3.81	28.09%
PHM	PulteGroup, Inc.	0.74%	$0.89	6.67%
ROP	Roper Technologies, Inc.	0.74%	$3.20	22.09%
ZWS	Zurn Elkay Water Solutions Corporation	0.74%	$0.35	30.63%
JOE	The St. Joe Company	0.73%	$0.43	24.05%
TOL	Toll Brothers, Inc.	0.73%	$0.99	7.16%
TTEK	Tetra Tech, Inc.	0.73%	$0.25	26.25%
0HCB.L	Alcoa Corporation	0.72%	$0.40	9.08%
A	Agilent Technologies, Inc.	0.72%	$0.99	21.64%
FCFS	FirstCash Holdings, Inc	0.72%	$1.13	16.40%
TRAK	ReposiTrak, Inc.	0.72%	$0.09	22.94%
BKNG	Booking Holdings Inc.	0.71%	$37.78	24.39%
PGC	Peapack-Gladstone Financial Corporation	0.71%	$0.20	10.22%
ASO	Academy Sports and Outdoors, Inc.	0.70%	$0.37	6.63%
BRO	Brown & Brown, Inc.	0.70%	$0.54	18.02%
INTU	Intuit Inc.	0.70%	$4.39	29.97%
MSFT	Microsoft Corporation	0.70%	$3.31	23.52%
NCR	NCR Corporation	0.70%	$0.11	1.70%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Ticker

Industry

Sector

New China Life Insurance Company Ltd. (601336.SS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener