DDM Analysis: 600104.SS

Valuation Snapshot

Stable Growth	$1.19 - $1.62	$1.41
Multi-Stage	$2.83 - $3.11	$2.97
Blended Fair Value	$2.19
Current Price	$17.12
Upside	-87.21%
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	-14.61%	-5.44%	0.66	0.61	0.69	0.81	1.09	1.46	2.02	1.81	1.36	1.30
YoY Growth	-	-	8.99%	-11.55%	-15.23%	-25.34%	-25.60%	-27.86%	11.51%	33.41%	4.37%	12.45%
Dividend Yield	-	-	4.20%	3.98%	4.79%	4.77%	5.52%	7.12%	7.61%	5.34%	5.36%	6.49%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	2,859.81
(-) Cash Dividends Paid (M)	2,145.35
(=) Cash Retained (M)	714.46

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	571.96	357.48	214.49
Cash Retained (M)	714.46	714.46	714.46
(-) Cash Required (M)	-571.96	-357.48	-214.49
(=) Excess Retained (M)	142.50	356.98	499.98
(/) Shares Outstanding (M)	11,414.20	11,414.20	11,414.20
(=) Excess Retained per Share	0.01	0.03	0.04
LTM Dividend per Share	0.19	0.19	0.19
(+) Excess Retained per Share	0.01	0.03	0.04
(=) Adjusted Dividend	0.20	0.22	0.23
WACC / Discount Rate	8.09%	8.09%	8.09%
Growth Rate	-7.44%	-6.44%	-5.44%
Fair Value	$1.19	$1.41	$1.62
Upside / Downside	-93.02%	-91.76%	-90.54%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	2,859.81	2,675.72	2,503.48	2,342.32	2,191.54	2,050.46	2,111.98
Payout Ratio	75.02%	78.01%	81.01%	84.01%	87.00%	90.00%	92.50%
Projected Dividends (M)	2,145.35	2,087.43	2,028.07	1,967.71	1,906.71	1,845.42	1,953.58

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	8.09%	8.09%	8.09%
Growth Rate	-7.44%	-6.44%	-5.44%
Year 1 PV (M)	1,910.48	1,931.12	1,951.76
Year 2 PV (M)	1,698.81	1,735.71	1,773.01
Year 3 PV (M)	1,508.52	1,557.94	1,608.43
Year 4 PV (M)	1,337.84	1,396.60	1,457.27
Year 5 PV (M)	1,185.07	1,250.48	1,318.75
PV of Terminal Value (M)	24,625.35	25,984.60	27,403.23
Equity Value (M)	32,266.06	33,856.45	35,512.45
Shares Outstanding (M)	11,414.20	11,414.20	11,414.20
Fair Value	$2.83	$2.97	$3.11
Upside / Downside	-83.49%	-82.67%	-81.83%

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

SAIC Motor Corporation Limited (600104.SS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener