DDM Analysis: 603100.SS

Valuation Snapshot

Stable Growth	$115.03 - $281.73	$264.02
Multi-Stage	$41.19 - $45.07	$43.09
Blended Fair Value	$153.56
Current Price	$23.93
Upside	541.69%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	20.47%	21.26%	0.63	0.52	0.52	0.28	0.22	0.25	0.20	0.15	0.10	0.10
YoY Growth	-	-	21.95%	0.15%	82.34%	28.00%	-11.00%	24.11%	29.59%	57.33%	0.00%	7.12%
Dividend Yield	-	-	2.95%	2.31%	1.79%	2.57%	1.94%	3.77%	2.34%	1.94%	0.91%	0.88%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	681.64
(-) Cash Dividends Paid (M)	291.56
(=) Cash Retained (M)	390.09

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	136.33	85.21	51.12
Cash Retained (M)	390.09	390.09	390.09
(-) Cash Required (M)	-136.33	-85.21	-51.12
(=) Excess Retained (M)	253.76	304.88	338.96
(/) Shares Outstanding (M)	481.18	481.18	481.18
(=) Excess Retained per Share	0.53	0.63	0.70
LTM Dividend per Share	0.61	0.61	0.61
(+) Excess Retained per Share	0.53	0.63	0.70
(=) Adjusted Dividend	1.13	1.24	1.31
WACC / Discount Rate	6.54%	6.54%	6.54%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$115.03	$264.02	$281.73
Upside / Downside	380.70%	1,003.29%	1,077.29%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	681.64	725.95	773.14	823.39	876.91	933.91	961.93
Payout Ratio	42.77%	52.22%	61.66%	71.11%	80.55%	90.00%	92.50%
Projected Dividends (M)	291.56	379.08	476.74	585.51	706.39	840.52	889.78

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.54%	6.54%	6.54%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	352.47	355.81	359.15
Year 2 PV (M)	412.16	420.01	427.94
Year 3 PV (M)	470.66	484.17	497.94
Year 4 PV (M)	527.98	548.28	569.17
Year 5 PV (M)	584.13	612.35	641.64
PV of Terminal Value (M)	17,471.17	18,315.04	19,191.20
Equity Value (M)	19,818.58	20,735.66	21,687.04
Shares Outstanding (M)	481.18	481.18	481.18
Fair Value	$41.19	$43.09	$45.07
Upside / Downside	72.11%	80.08%	88.34%

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

Periods / Units / Analysis

Fundamentals

Valuations

Miscellaneous

Ticker

Industry

Sector

Chongqing Chuanyi Automation Co., Ltd. (603100.SS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener