DDM Analysis: S68.SI

Valuation Snapshot

Stable Growth	$27.27 - $75.52	$42.25
Multi-Stage	$27.45 - $30.08	$28.74
Blended Fair Value	$35.49
Current Price	$14.88
Upside	138.53%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	3.71%	2.54%	0.35	0.34	0.32	0.32	0.32	0.30	0.37	0.28	0.28	0.31
YoY Growth	-	-	5.59%	6.04%	0.56%	-0.08%	6.63%	-19.98%	33.86%	0.00%	-9.73%	10.76%
Dividend Yield	-	-	2.39%	3.58%	3.30%	3.33%	2.82%	3.55%	4.69%	3.85%	3.76%	4.01%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	1,245.89
(-) Cash Dividends Paid (M)	557.84
(=) Cash Retained (M)	688.05

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	249.18	155.74	93.44
Cash Retained (M)	688.05	688.05	688.05
(-) Cash Required (M)	-249.18	-155.74	-93.44
(=) Excess Retained (M)	438.87	532.31	594.61
(/) Shares Outstanding (M)	1,085.81	1,085.81	1,085.81
(=) Excess Retained per Share	0.40	0.49	0.55
LTM Dividend per Share	0.51	0.51	0.51
(+) Excess Retained per Share	0.40	0.49	0.55
(=) Adjusted Dividend	0.92	1.00	1.06
WACC / Discount Rate	6.90%	6.90%	6.90%
Growth Rate	3.42%	4.42%	5.42%
Fair Value	$27.27	$42.25	$75.52
Upside / Downside	83.25%	183.92%	407.55%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	1,245.89	1,300.96	1,358.46	1,418.50	1,481.20	1,546.67	1,593.07
Payout Ratio	44.77%	53.82%	62.86%	71.91%	80.95%	90.00%	92.50%
Projected Dividends (M)	557.84	700.17	853.99	1,020.04	1,199.11	1,392.00	1,473.59

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.90%	6.90%	6.90%
Growth Rate	3.42%	4.42%	5.42%
Year 1 PV (M)	648.70	654.97	661.24
Year 2 PV (M)	733.04	747.29	761.67
Year 3 PV (M)	811.20	834.96	859.18
Year 4 PV (M)	883.50	918.17	953.85
Year 5 PV (M)	950.22	997.06	1,045.73
PV of Terminal Value (M)	25,782.77	27,053.62	28,374.09
Equity Value (M)	29,809.43	31,206.07	32,655.76
Shares Outstanding (M)	1,085.81	1,085.81	1,085.81
Fair Value	$27.45	$28.74	$30.08
Upside / Downside	84.50%	93.14%	102.12%

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

Singapore Exchange Limited (S68.SI)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener