DDM Analysis: 600489.SS

Valuation Snapshot

Stable Growth	$32.14 - $180.49	$61.13
Multi-Stage	$18.68 - $20.42	$19.54
Blended Fair Value	$40.33
Current Price	$21.93
Upside	83.91%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	27.64%	33.72%	0.49	0.28	0.22	0.16	0.02	0.14	0.02	0.02	0.16	0.01
YoY Growth	-	-	73.85%	25.28%	39.84%	767.73%	-87.18%	575.16%	-14.29%	-84.68%	2,578.24%	-77.27%
Dividend Yield	-	-	3.45%	2.09%	2.12%	2.02%	0.22%	1.78%	0.24%	0.27%	1.38%	0.06%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	4,421.67
(-) Cash Dividends Paid (M)	1,500.29
(=) Cash Retained (M)	2,921.38

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	884.33	552.71	331.63
Cash Retained (M)	2,921.38	2,921.38	2,921.38
(-) Cash Required (M)	-884.33	-552.71	-331.63
(=) Excess Retained (M)	2,037.05	2,368.68	2,589.76
(/) Shares Outstanding (M)	4,872.15	4,872.15	4,872.15
(=) Excess Retained per Share	0.42	0.49	0.53
LTM Dividend per Share	0.31	0.31	0.31
(+) Excess Retained per Share	0.42	0.49	0.53
(=) Adjusted Dividend	0.73	0.79	0.84
WACC / Discount Rate	7.88%	7.88%	7.88%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$32.14	$61.13	$180.49
Upside / Downside	46.54%	178.74%	723.02%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	4,421.67	4,709.08	5,015.17	5,341.16	5,688.33	6,058.07	6,239.82
Payout Ratio	33.93%	45.14%	56.36%	67.57%	78.79%	90.00%	92.50%
Projected Dividends (M)	1,500.29	2,125.88	2,826.46	3,609.13	4,481.61	5,452.27	5,771.83

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	7.88%	7.88%	7.88%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	1,952.03	1,970.53	1,989.03
Year 2 PV (M)	2,383.08	2,428.47	2,474.29
Year 3 PV (M)	2,794.13	2,874.34	2,956.07
Year 4 PV (M)	3,185.85	3,308.37	3,434.39
Year 5 PV (M)	3,558.90	3,730.80	3,909.27
PV of Terminal Value (M)	77,147.01	80,873.24	84,742.08
Equity Value (M)	91,020.99	95,185.74	99,505.13
Shares Outstanding (M)	4,872.15	4,872.15	4,872.15
Fair Value	$18.68	$19.54	$20.42
Upside / Downside	-14.81%	-10.91%	-6.87%

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

Zhongjin Gold Corp.,Ltd (600489.SS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener