DDM Analysis: 600030.SS

Valuation Snapshot

Stable Growth	$114.90 - $371.80	$348.43
Multi-Stage	$49.14 - $53.77	$51.41
Blended Fair Value	$199.92
Current Price	$29.90
Upside	568.63%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	12.14%	16.04%	1.20	0.92	1.00	0.83	0.91	0.68	0.77	0.56	0.71	0.51
YoY Growth	-	-	30.13%	-8.34%	20.53%	-8.90%	35.40%	-12.24%	38.44%	-21.83%	38.50%	89.85%
Dividend Yield	-	-	4.51%	4.74%	4.90%	3.98%	4.06%	3.23%	3.23%	3.17%	4.68%	3.06%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	28,063.75
(-) Cash Dividends Paid (M)	9,381.79
(=) Cash Retained (M)	18,681.96

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	5,612.75	3,507.97	2,104.78
Cash Retained (M)	18,681.96	18,681.96	18,681.96
(-) Cash Required (M)	-5,612.75	-3,507.97	-2,104.78
(=) Excess Retained (M)	13,069.21	15,173.99	16,577.18
(/) Shares Outstanding (M)	15,011.32	15,011.32	15,011.32
(=) Excess Retained per Share	0.87	1.01	1.10
LTM Dividend per Share	0.62	0.62	0.62
(+) Excess Retained per Share	0.87	1.01	1.10
(=) Adjusted Dividend	1.50	1.64	1.73
WACC / Discount Rate	6.87%	6.87%	6.87%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$114.90	$348.43	$371.80
Upside / Downside	284.27%	1,065.31%	1,143.47%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	28,063.75	29,887.89	31,830.60	33,899.59	36,103.07	38,449.77	39,603.26
Payout Ratio	33.43%	44.74%	56.06%	67.37%	78.69%	90.00%	92.50%
Projected Dividends (M)	9,381.79	13,373.10	17,843.65	22,838.87	28,408.08	34,604.79	36,633.01

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.87%	6.87%	6.87%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	12,395.55	12,513.04	12,630.54
Year 2 PV (M)	15,330.31	15,622.31	15,917.07
Year 3 PV (M)	18,187.60	18,709.71	19,241.70
Year 4 PV (M)	20,968.93	21,775.34	22,604.79
Year 5 PV (M)	23,675.78	24,819.33	26,006.65
PV of Terminal Value (M)	647,082.30	678,336.62	710,787.11
Equity Value (M)	737,640.49	771,776.35	807,187.85
Shares Outstanding (M)	15,011.32	15,011.32	15,011.32
Fair Value	$49.14	$51.41	$53.77
Upside / Downside	64.34%	71.95%	79.84%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 9 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
ATLO	Ames National Corporation	3.84%	$0.87	48.60%
FRME	First Merchants Corporation	3.83%	$1.44	35.39%
PCAR	PACCAR Inc	3.83%	$4.27	83.66%
0HJO.L	AvalonBay Communities, Inc.	3.82%	$6.86	84.26%
FE	FirstEnergy Corp.	3.82%	$1.73	75.49%
LXFR	Luxfer Holdings PLC	3.81%	$0.52	98.38%
LCII	LCI Industries	3.80%	$4.72	64.48%
NEN	New England Realty Associates Limited Partnership	3.78%	$2.44	73.23%
PAYX	Paychex, Inc.	3.78%	$4.10	91.97%
RGCO	RGC Resources, Inc.	3.78%	$0.81	63.02%
UBSI	United Bankshares, Inc.	3.78%	$1.45	48.05%
SLVM	Sylvamo Corporation	3.77%	$1.80	41.11%
CAC	Camden National Corporation	3.75%	$1.61	47.99%
ARCH	Arch Resources, Inc.	3.74%	$5.04	50.87%
USB	U.S. Bancorp	3.74%	$2.02	43.68%
WSR	Whitestone REIT	3.74%	$0.52	60.32%
FDBC	Fidelity D & D Bancorp, Inc.	3.73%	$1.61	35.71%
WNC	Wabash National Corporation	3.73%	$0.33	5.38%
VLY	Valley National Bancorp	3.72%	$0.43	47.26%
GHLD	Guild Holdings Company	3.71%	$0.74	36.91%
FNF	Fidelity National Financial, Inc.	3.69%	$2.00	46.79%
IPAR	Inter Parfums, Inc.	3.68%	$3.15	61.47%
WSBF	Waterstone Financial, Inc.	3.68%	$0.61	45.57%
AROW	Arrow Financial Corporation	3.66%	$1.15	54.67%
ASIX	AdvanSix Inc.	3.66%	$0.63	32.72%
ASRV	AmeriServ Financial, Inc.	3.66%	$0.12	78.81%
CVGW	Calavo Growers, Inc.	3.66%	$0.80	71.92%
OXY	Occidental Petroleum Corporation	3.65%	$1.55	75.62%
FMAO	Farmers & Merchants Bancorp, Inc.	3.64%	$0.89	37.59%
LNKB	LINKBANCORP, Inc.	3.64%	$0.30	29.21%
BHRB	Burke & Herbert Bank & Trust Company	3.63%	$2.24	31.71%
EOG	EOG Resources, Inc.	3.63%	$3.90	38.34%
FITB	Fifth Third Bancorp	3.61%	$1.72	47.89%
LNC	Lincoln National Corporation	3.61%	$1.63	14.98%
MCBS	MetroCity Bankshares, Inc.	3.61%	$0.95	36.60%
OZK	Bank OZK	3.61%	$1.70	26.69%
PCB	PCB Bancorp	3.61%	$0.78	31.72%
SFD	SMITHFIELD FOODS INC	3.60%	$0.80	36.46%
0HOB.L	H&R Block, Inc.	3.59%	$1.54	33.12%
ASB	Associated Banc-Corp	3.59%	$0.92	87.56%
PLOW	Douglas Dynamics, Inc.	3.59%	$1.18	66.47%
EXC	Exelon Corporation	3.58%	$1.57	56.50%
MC	Moelis & Company	3.58%	$2.55	85.89%
TIPT	Tiptree Inc.	3.57%	$0.64	49.10%
BPRN	Princeton Bancorp, Inc.	3.56%	$1.20	46.56%
EVRG	Evergy, Inc.	3.56%	$2.60	71.71%
CZFS	Citizens Financial Services, Inc.	3.55%	$1.97	27.82%
CNO-PA	CNO Financial Group, Inc. 5.125	3.54%	$0.67	22.53%
NBTB	NBT Bancorp Inc.	3.54%	$1.47	46.30%
0JQQ.L	Archer-Daniels-Midland Company	3.53%	$2.03	82.76%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Ticker

Industry

Sector

CITIC Securities Company Limited (600030.SS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener