DDM Analysis: 600585.SS

Valuation Snapshot

Stable Growth	$7.57 - $10.20	$8.92
Multi-Stage	$25.20 - $27.93	$26.53
Blended Fair Value	$17.73
Current Price	$23.22
Upside	-23.66%
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	-7.85%	7.14%	1.15	1.51	2.43	2.16	2.04	1.73	1.34	0.64	0.63	0.85
YoY Growth	-	-	-24.14%	-37.82%	12.26%	6.00%	18.34%	29.20%	107.49%	1.68%	-25.48%	47.73%
Dividend Yield	-	-	4.72%	6.74%	8.60%	5.48%	3.99%	3.13%	3.36%	2.00%	3.05%	5.03%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	8,802.15
(-) Cash Dividends Paid (M)	4,562.33
(=) Cash Retained (M)	4,239.82

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	1,760.43	1,100.27	660.16
Cash Retained (M)	4,239.82	4,239.82	4,239.82
(-) Cash Required (M)	-1,760.43	-1,100.27	-660.16
(=) Excess Retained (M)	2,479.39	3,139.56	3,579.66
(/) Shares Outstanding (M)	5,189.18	5,189.18	5,189.18
(=) Excess Retained per Share	0.48	0.61	0.69
LTM Dividend per Share	0.88	0.88	0.88
(+) Excess Retained per Share	0.48	0.61	0.69
(=) Adjusted Dividend	1.36	1.48	1.57
WACC / Discount Rate	6.32%	6.32%	6.32%
Growth Rate	-9.85%	-8.85%	-7.85%
Fair Value	$7.57	$8.92	$10.20
Upside / Downside	-67.42%	-61.60%	-56.06%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	8,802.15	8,022.80	7,312.46	6,665.00	6,074.88	5,537.00	5,703.11
Payout Ratio	51.83%	59.47%	67.10%	74.73%	82.37%	90.00%	92.50%
Projected Dividends (M)	4,562.33	4,770.81	4,906.60	4,980.94	5,003.66	4,983.30	5,275.38

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.32%	6.32%	6.32%
Growth Rate	-9.85%	-8.85%	-7.85%
Year 1 PV (M)	4,438.15	4,487.39	4,536.62
Year 2 PV (M)	4,246.21	4,340.94	4,436.72
Year 3 PV (M)	4,009.99	4,144.93	4,282.86
Year 4 PV (M)	3,747.40	3,916.47	4,091.20
Year 5 PV (M)	3,471.92	3,668.82	3,874.54
PV of Terminal Value (M)	110,842.10	117,127.95	123,695.79
Equity Value (M)	130,755.78	137,686.49	144,917.72
Shares Outstanding (M)	5,189.18	5,189.18	5,189.18
Fair Value	$25.20	$26.53	$27.93
Upside / Downside	8.52%	14.27%	20.27%

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

Anhui Conch Cement Company Limited (600585.SS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener