DDM Analysis: 0693.HK

Valuation Snapshot

Stable Growth	$2.19 - $3.14	$2.65
Multi-Stage	$5.44 - $6.01	$5.72
Blended Fair Value	$4.19
Current Price	$1.08
Upside	287.77%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	-10.78%	-4.68%	0.06	0.10	0.07	0.05	0.10	0.11	0.11	0.10	0.10	0.10
YoY Growth	-	-	-38.10%	40.00%	66.67%	-55.00%	-13.04%	4.55%	15.79%	-5.00%	-4.76%	0.00%
Dividend Yield	-	-	6.37%	7.29%	4.17%	2.24%	4.90%	5.32%	4.58%	3.65%	4.02%	3.99%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	662.39
(-) Cash Dividends Paid (M)	191.26
(=) Cash Retained (M)	471.13

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	132.48	82.80	49.68
Cash Retained (M)	471.13	471.13	471.13
(-) Cash Required (M)	-132.48	-82.80	-49.68
(=) Excess Retained (M)	338.65	388.33	421.45
(/) Shares Outstanding (M)	2,013.31	2,013.31	2,013.31
(=) Excess Retained per Share	0.17	0.19	0.21
LTM Dividend per Share	0.09	0.09	0.09
(+) Excess Retained per Share	0.17	0.19	0.21
(=) Adjusted Dividend	0.26	0.29	0.30
WACC / Discount Rate	6.78%	6.78%	6.78%
Growth Rate	-4.66%	-3.66%	-2.66%
Fair Value	$2.19	$2.65	$3.14
Upside / Downside	102.98%	145.82%	190.35%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	662.39	638.13	614.75	592.23	570.54	549.64	566.13
Payout Ratio	28.87%	41.10%	53.32%	65.55%	77.77%	90.00%	92.50%
Projected Dividends (M)	191.26	262.27	327.82	388.21	443.74	494.68	523.67

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.78%	6.78%	6.78%
Growth Rate	-4.66%	-3.66%	-2.66%
Year 1 PV (M)	243.06	245.61	248.16
Year 2 PV (M)	281.55	287.49	293.49
Year 3 PV (M)	309.00	318.83	328.86
Year 4 PV (M)	327.33	341.28	355.67
Year 5 PV (M)	338.18	356.29	375.17
PV of Terminal Value (M)	9,462.03	9,968.79	10,497.04
Equity Value (M)	10,961.14	11,518.28	12,098.38
Shares Outstanding (M)	2,013.31	2,013.31	2,013.31
Fair Value	$5.44	$5.72	$6.01
Upside / Downside	404.11%	429.73%	456.41%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 63 of 151 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
112610.KS	CS Wind Corporation	2.43%	$982.89	21.73%
300452.SZ	Anhui Sunhere Pharmaceutical Excipients Co.,Ltd.	2.43%	$0.33	58.46%
603599.SS	Anhui Guangxin Agrochemical Co., Ltd.	2.43%	$0.28	35.02%
605286.SS	Jiangsu Tongli Risheng Machinery Co., Ltd.	2.43%	$0.99	75.51%
9569.SR	Almuneef Company for Trade, Industry, Agriculture and Contracting	2.43%	$0.20	19.26%
ALV	Autoliv, Inc.	2.43%	$2.97	30.32%
KEPEN.AT	Flour Mills Kepenos S.A.	2.43%	$0.05	39.82%
MSAB-B.ST	Micro Systemation AB (publ)	2.43%	$1.50	65.33%
NEOE3.SA	Neoenergia S.A.	2.43%	$0.77	21.26%
OV8.SI	Sheng Siong Group Ltd	2.43%	$0.06	66.54%
VIL.PA	VIEL & Cie, S.A.	2.43%	$0.40	12.44%
002236.SZ	Zhejiang Dahua Technology Co., Ltd.	2.42%	$0.46	38.43%
006730.KQ	Seobu T&D Co., Ltd.	2.42%	$309.73	27.66%
071050.KS	Korea Investment Holdings Co., Ltd.	2.42%	$3,984.93	13.09%
0DQK.L	Beter Bed Holding N.V.	2.42%	$0.15	53.98%
2409.TW	AUO Corporation	2.42%	$0.31	41.22%
300453.SZ	Jiangxi Sanxin Medtec Co.,Ltd.	2.42%	$0.21	45.08%
600064.SS	Nanjing Gaoke Company Limited	2.42%	$0.21	15.60%
601236.SS	Hongta Securities Co., Ltd.	2.42%	$0.20	95.69%
9550.SR	Sure Global Tech Company	2.42%	$1.52	28.67%
9562.SR	Foods Gate Trading Co.	2.42%	$0.67	13.40%
AEONTS-R.BK	AEON Thana Sinsap (Thailand) Public Company Limited	2.42%	$2.60	21.04%
NMAN.ST	Nederman Holding AB (publ)	2.42%	$4.00	47.45%
SALIK.AE	Salik Company P.J.S.C.	2.42%	$0.16	83.74%
SKMO.ST	Skåne-möllan AB (publ)	2.42%	$1.40	96.86%
001130.KS	Daehan Flour Mills Co.,Ltd	2.41%	$3,470.92	10.83%
080160.KQ	Modetour Network Inc.	2.41%	$249.37	24.80%
0U96.L	Everest Re Group, Ltd.	2.41%	$8.07	61.23%
3591.T	Wacoal Holdings Corp.	2.41%	$106.27	49.77%
601966.SS	Shandong Linglong Tyre Co.,Ltd.	2.41%	$0.35	42.43%
7951.T	Yamaha Corporation	2.41%	$26.35	66.95%
BORG.ST	Björn Borg AB (publ)	2.41%	$1.50	43.49%
EIOF.OL	Eidesvik Offshore ASA	2.41%	$0.30	28.32%
ETTE.HE	Etteplan Oyj	2.41%	$0.23	71.21%
ZZ-B.ST	Zinzino AB (publ)	2.41%	$3.76	58.64%
002968.SZ	New Dazheng Property Group Co., Ltd.	2.40%	$0.29	59.28%
0NZN.L	Robertet S.A.	2.40%	$21.10	23.60%
4015.SR	Jamjoom Pharmaceuticals Factory Company	2.40%	$3.46	54.14%
7703.TWO	Rayzher	2.40%	$5.49	59.71%
BBL.AX	Brisbane Broncos Limited	2.40%	$0.04	25.15%
002158.SZ	Shanghai Hanbell Precise Machinery Co., Ltd.	2.39%	$0.60	60.14%
004690.KS	Samchully Co.,Ltd	2.39%	$3,000.02	10.30%
0GVS.L	Catena AB (publ)	2.39%	$8.76	32.84%
300577.SZ	Anhui Korrun Co., Ltd.	2.39%	$0.51	36.22%
3044.TW	Tripod Technology Corporation	2.39%	$7.48	42.14%
603080.SS	Xinjiang Torch Gas Co., Ltd	2.39%	$0.57	43.55%
6780.TWO	Study King Co., Ltd.	2.39%	$0.80	89.60%
6804.T	Hosiden Corporation	2.39%	$59.44	25.81%
KBLM.JK	PT Kabelindo Murni Tbk	2.39%	$8.08	12.05%
SCANFL.HE	Scanfil Oyj	2.39%	$0.24	42.33%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Tan Chong International Limited (0693.HK)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener