DDM Analysis: 600674.SS

Valuation Snapshot

Stable Growth	$26.58 - $108.92	$45.59
Multi-Stage	$16.23 - $17.76	$16.98
Blended Fair Value	$31.29
Current Price	$14.28
Upside	119.10%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	13.28%	32.78%	0.51	0.37	0.36	0.34	0.31	0.27	0.25	0.27	0.24	0.14
YoY Growth	-	-	38.06%	1.21%	5.30%	11.86%	13.33%	9.09%	-8.33%	11.11%	80.00%	356.50%
Dividend Yield	-	-	3.15%	2.23%	2.74%	3.20%	2.45%	2.95%	2.64%	2.98%	2.70%	1.59%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	4,307.11
(-) Cash Dividends Paid (M)	374.64
(=) Cash Retained (M)	3,932.46

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	861.42	538.39	323.03
Cash Retained (M)	3,932.46	3,932.46	3,932.46
(-) Cash Required (M)	-861.42	-538.39	-323.03
(=) Excess Retained (M)	3,071.04	3,394.08	3,609.43
(/) Shares Outstanding (M)	4,871.82	4,871.82	4,871.82
(=) Excess Retained per Share	0.63	0.70	0.74
LTM Dividend per Share	0.08	0.08	0.08
(+) Excess Retained per Share	0.63	0.70	0.74
(=) Adjusted Dividend	0.71	0.77	0.82
WACC / Discount Rate	8.31%	8.31%	8.31%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$26.58	$45.59	$108.92
Upside / Downside	86.14%	219.26%	662.75%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	4,307.11	4,587.07	4,885.23	5,202.77	5,540.95	5,901.11	6,078.14
Payout Ratio	8.70%	24.96%	41.22%	57.48%	73.74%	90.00%	92.50%
Projected Dividends (M)	374.64	1,144.87	2,013.64	2,990.51	4,085.88	5,311.00	5,622.28

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	8.31%	8.31%	8.31%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	1,047.13	1,057.06	1,066.98
Year 2 PV (M)	1,684.51	1,716.59	1,748.98
Year 3 PV (M)	2,288.14	2,353.83	2,420.76
Year 4 PV (M)	2,859.36	2,969.32	3,082.43
Year 5 PV (M)	3,399.43	3,563.62	3,734.10
PV of Terminal Value (M)	67,808.40	71,083.57	74,484.09
Equity Value (M)	79,086.97	82,744.00	86,537.34
Shares Outstanding (M)	4,871.82	4,871.82	4,871.82
Fair Value	$16.23	$16.98	$17.76
Upside / Downside	13.68%	18.94%	24.39%

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

Mode

Ticker

Industry

Sector

Sichuan Chuantou Energy Co.,Ltd. (600674.SS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener