DDM Analysis: 3010.SR

Valuation Snapshot

Stable Growth	$8.97 - $12.74	$10.83
Multi-Stage	$26.94 - $29.68	$28.28
Blended Fair Value	$19.55
Current Price	$22.02
Upside	-11.20%
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	-3.55%	-7.33%	1.46	1.83	2.60	2.50	2.03	1.75	1.04	5.00	4.50	5.28
YoY Growth	-	-	-20.32%	-29.43%	4.00%	23.28%	15.80%	68.10%	-79.16%	11.11%	-14.78%	68.76%
Dividend Yield	-	-	5.37%	5.78%	7.16%	5.84%	4.66%	7.01%	4.13%	14.28%	11.84%	11.57%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	140.82
(-) Cash Dividends Paid (M)	129.32
(=) Cash Retained (M)	11.50

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	28.16	17.60	10.56
Cash Retained (M)	11.50	11.50	11.50
(-) Cash Required (M)	-28.16	-17.60	-10.56
(=) Excess Retained (M)	-16.67	-6.10	0.94
(/) Shares Outstanding (M)	100.00	100.00	100.00
(=) Excess Retained per Share	-0.17	-0.06	0.01
LTM Dividend per Share	1.29	1.29	1.29
(+) Excess Retained per Share	-0.17	-0.06	0.01
(=) Adjusted Dividend	1.13	1.23	1.30
WACC / Discount Rate	6.32%	6.32%	6.32%
Growth Rate	-5.55%	-4.55%	-3.55%
Fair Value	$8.97	$10.83	$12.74
Upside / Downside	-59.27%	-50.84%	-42.16%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	140.82	134.42	128.30	122.47	116.90	111.58	114.93
Payout Ratio	91.83%	91.47%	91.10%	90.73%	90.37%	90.00%	92.50%
Projected Dividends (M)	129.32	122.95	116.89	111.12	105.64	100.42	106.31

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.32%	6.32%	6.32%
Growth Rate	-5.55%	-4.55%	-3.55%
Year 1 PV (M)	114.43	115.64	116.86
Year 2 PV (M)	101.25	103.41	105.59
Year 3 PV (M)	89.59	92.47	95.41
Year 4 PV (M)	79.27	82.68	86.20
Year 5 PV (M)	70.14	73.93	77.89
PV of Terminal Value (M)	2,239.03	2,360.10	2,486.34
Equity Value (M)	2,693.73	2,828.24	2,968.28
Shares Outstanding (M)	100.00	100.00	100.00
Fair Value	$26.94	$28.28	$29.68
Upside / Downside	22.33%	28.44%	34.80%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 65 of 151 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
603060.SS	China Testing & Certification International Group Co.,Ltd.	2.34%	$0.14	65.87%
603527.SS	Anhui Zhongyuan New Materials Co., Ltd.	2.34%	$0.26	60.72%
6239.T	Nagaoka International Corporation	2.34%	$33.90	30.69%
7277.KL	Dialog Group Berhad	2.34%	$0.04	78.99%
7708.TWO	Family International Gourmet Co. Ltd.	2.34%	$2.24	40.19%
7947.T	FP Corporation	2.34%	$61.47	35.92%
7966.T	LINTEC Corporation	2.34%	$103.34	53.86%
ENGI11.SA	Energisa S.A.	2.34%	$1.10	76.21%
IHG.L	InterContinental Hotels Group PLC	2.34%	$3.28	37.32%
JR.BK	J.R.W. Utility Public Company Limited	2.34%	$0.04	36.34%
SMRA.JK	PT Summarecon Agung Tbk	2.34%	$8.99	15.00%
002056.SZ	Hengdian Group DMEGC Magnetics Co. ,Ltd	2.33%	$0.45	30.92%
002538.SZ	Anhui Sierte Fertilizer industry Ltd. ,company	2.33%	$0.15	57.55%
0QMR.L	BELIMO Holding AG	2.33%	$17.99	69.21%
1322.SR	Al Masane Al Kobra Mining Company	2.33%	$2.08	73.41%
300743.SZ	Hangzhou Todaytec Digital Co., Ltd	2.33%	$0.52	71.84%
601566.SS	Joeone Co., Ltd.	2.33%	$0.31	50.03%
605319.SS	Wuxi Zhenhua Auto Parts Co., Ltd.	2.33%	$0.49	37.82%
GIMB.BR	Gimv N.V.	2.33%	$1.02	9.10%
MOSHI.BK	Moshi Moshi Retail Corporation Public Company Limited	2.33%	$0.81	43.67%
002939.SZ	China Great Wall Securities Co.,Ltd.	2.32%	$0.24	39.54%
004360.KS	Sebang Co., Ltd	2.32%	$325.95	11.33%
1283.HK	Accel Group Holdings Limited	2.32%	$0.04	37.03%
2301.T	Gakujo Co., Ltd.	2.32%	$40.61	28.97%
4887.T	Sawai Group Holdings Co., Ltd.	2.32%	$54.74	64.15%
600079.SS	Humanwell Healthcare (Group) Co.,Ltd.	2.32%	$0.42	48.02%
600299.SS	Bluestar Adisseo Company	2.32%	$0.21	46.81%
605158.SS	Zhejiang Huada New Materials Co., Ltd.	2.32%	$0.19	57.15%
7287.T	Nippon Seiki Co., Ltd.	2.32%	$50.60	31.92%
7914.T	Kyodo Printing Co., Ltd.	2.32%	$36.67	27.27%
AZZA3.SA	Azzas 2154 S.A.	2.32%	$0.59	15.77%
HUFV-A.ST	Hufvudstaden AB (publ)	2.32%	$2.82	51.40%
002043.SZ	DeHua TB New Decoration Material Co.,Ltd	2.31%	$0.33	37.20%
1214.SR	Al Hassan Ghazi Ibrahim Shaker Company	2.31%	$0.50	34.65%
300832.SZ	Shenzhen New Industries Biomedical Engineering Co., Ltd.	2.31%	$1.30	61.96%
600233.SS	YTO Express Group Co.,Ltd.	2.31%	$0.38	32.72%
6277.T	Hosokawa Micron Corporation	2.31%	$130.24	42.63%
6728.T	ULVAC, Inc.	2.31%	$163.69	55.14%
9251.T	AB&Company Co.,Ltd.	2.31%	$27.86	39.35%
9783.T	Benesse Holdings, Inc.	2.31%	$59.98	89.83%
ALLEC.PA	Cogelec S.A.	2.31%	$0.67	46.99%
ELIT.JK	PT Data Sinergitama Jaya Tbk	2.31%	$5.00	34.02%
LUXF.BK	Luxury Real Estate Investment Fund	2.31%	$0.21	14.86%
STEC-R.BK	Sino-Thai Engineering and Construction Public Company Limited	2.31%	$0.15	95.24%
000513.SZ	Livzon Pharmaceutical Group Inc.	2.30%	$0.79	32.65%
000959.SZ	Beijing Shougang Co., Ltd.	2.30%	$0.11	71.65%
002941.SZ	Xinjiang Communications Construction Group Co., Ltd.	2.30%	$0.36	43.85%
2838.TW	Union Bank of Taiwan	2.30%	$0.45	36.18%
2947.TWO	Zhen Yu Hardware Co., Ltd.	2.30%	$1.90	56.70%
2HRA.DE	H&R GmbH & Co. KGaA	2.30%	$0.10	45.84%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Arabian Cement Company (3010.SR)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener