DDM Analysis: 601100.SS

Valuation Snapshot

Stable Growth	$352.80 - $415.66	$389.54
Multi-Stage	$247.96 - $272.16	$259.83
Blended Fair Value	$324.68
Current Price	$95.77
Upside	239.03%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	10.11%	22.06%	0.45	0.56	0.55	0.43	0.28	0.28	0.11	0.06	0.05	0.04
YoY Growth	-	-	-19.50%	1.10%	26.75%	56.75%	0.11%	162.14%	63.59%	21.87%	40.05%	-38.03%
Dividend Yield	-	-	0.56%	1.05%	0.83%	0.83%	0.31%	0.67%	0.47%	0.44%	0.69%	0.67%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	2,804.12
(-) Cash Dividends Paid (M)	474.86
(=) Cash Retained (M)	2,329.27

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	560.82	350.52	210.31
Cash Retained (M)	2,329.27	2,329.27	2,329.27
(-) Cash Required (M)	-560.82	-350.52	-210.31
(=) Excess Retained (M)	1,768.44	1,978.75	2,118.96
(/) Shares Outstanding (M)	1,341.65	1,341.65	1,341.65
(=) Excess Retained per Share	1.32	1.47	1.58
LTM Dividend per Share	0.35	0.35	0.35
(+) Excess Retained per Share	1.32	1.47	1.58
(=) Adjusted Dividend	1.67	1.83	1.93
WACC / Discount Rate	1.57%	1.57%	1.57%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$352.80	$389.54	$415.66
Upside / Downside	268.39%	306.74%	334.02%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	2,804.12	2,986.39	3,180.51	3,387.24	3,607.41	3,841.89	3,957.15
Payout Ratio	16.93%	31.55%	46.16%	60.77%	75.39%	90.00%	92.50%
Projected Dividends (M)	474.86	942.13	1,468.14	2,058.55	2,719.51	3,457.70	3,660.36

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	1.57%	1.57%	1.57%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	918.82	927.53	936.24
Year 2 PV (M)	1,396.39	1,422.99	1,449.83
Year 3 PV (M)	1,909.50	1,964.32	2,020.17
Year 4 PV (M)	2,460.19	2,554.81	2,652.12
Year 5 PV (M)	3,050.60	3,197.95	3,350.93
PV of Terminal Value (M)	322,940.12	338,538.25	354,733.35
Equity Value (M)	332,675.62	348,605.83	365,142.65
Shares Outstanding (M)	1,341.65	1,341.65	1,341.65
Fair Value	$247.96	$259.83	$272.16
Upside / Downside	158.91%	171.31%	184.18%

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

Jiangsu Hengli Hydraulic Co.,Ltd (601100.SS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener