DDM Analysis: EXC

Valuation Snapshot

Stable Growth	$13.31 - $18.07	$15.74
Multi-Stage	$37.24 - $41.16	$39.16
Blended Fair Value	$27.45
Current Price	$45.01
Upside	-39.01%
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	-11.23%	-3.12%	0.77	1.42	1.32	1.49	1.48	1.40	1.32	1.23	1.16	1.10
YoY Growth	-	-	-45.85%	7.42%	-10.89%	0.34%	5.97%	5.71%	7.77%	6.00%	5.52%	3.76%
Dividend Yield	-	-	1.67%	3.82%	3.16%	3.12%	4.75%	5.32%	3.72%	4.41%	4.51%	4.29%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	2,821.00
(-) Cash Dividends Paid (M)	1,594.00
(=) Cash Retained (M)	1,227.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	564.20	352.63	211.58
Cash Retained (M)	1,227.00	1,227.00	1,227.00
(-) Cash Required (M)	-564.20	-352.63	-211.58
(=) Excess Retained (M)	662.80	874.38	1,015.43
(/) Shares Outstanding (M)	1,007.39	1,007.39	1,007.39
(=) Excess Retained per Share	0.66	0.87	1.01
LTM Dividend per Share	1.58	1.58	1.58
(+) Excess Retained per Share	0.66	0.87	1.01
(=) Adjusted Dividend	2.24	2.45	2.59
WACC / Discount Rate	7.01%	7.01%	7.01%
Growth Rate	-8.40%	-7.40%	-6.40%
Fair Value	$13.31	$15.74	$18.07
Upside / Downside	-70.43%	-65.03%	-59.85%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	2,821.00	2,612.16	2,418.78	2,239.71	2,073.91	1,920.37	1,977.98
Payout Ratio	56.50%	63.20%	69.90%	76.60%	83.30%	90.00%	92.50%
Projected Dividends (M)	1,594.00	1,650.98	1,690.80	1,715.66	1,727.58	1,728.33	1,829.63

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	7.01%	7.01%	7.01%
Growth Rate	-8.40%	-7.40%	-6.40%
Year 1 PV (M)	1,526.12	1,542.78	1,559.44
Year 2 PV (M)	1,444.72	1,476.43	1,508.50
Year 3 PV (M)	1,355.10	1,399.96	1,445.81
Year 4 PV (M)	1,261.31	1,317.30	1,375.13
Year 5 PV (M)	1,166.43	1,231.50	1,299.45
PV of Terminal Value (M)	30,766.26	32,482.77	34,275.06
Equity Value (M)	37,519.93	39,450.76	41,463.40
Shares Outstanding (M)	1,007.39	1,007.39	1,007.39
Fair Value	$37.24	$39.16	$41.16
Upside / Downside	-17.25%	-12.99%	-8.56%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 90 of 151 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
688267.SS	China Catalyst Holding Co., Ltd.	1.26%	$0.35	34.87%
8848.T	Leopalace21 Corporation	1.26%	$8.31	27.11%
BAUH4.SA	Excelsior Alimentos S.A.	1.26%	$1.17	21.88%
CAST.ST	Castellum AB (publ)	1.26%	$1.33	21.53%
CRH	CRH plc	1.26%	$1.60	33.62%
HBEL.BO	Humming Bird Education Limited	1.26%	$0.30	36.54%
JCI	Johnson Controls International plc	1.26%	$1.54	56.71%
KOG.OL	Kongsberg Gruppen ASA	1.26%	$3.40	42.40%
OEM-B.ST	OEM International AB (publ)	1.26%	$1.74	40.26%
SAREGAMA.BO	Saregama India Limited	1.26%	$4.51	42.77%
SDPC.JK	PT Millennium Pharmacon International Tbk	1.26%	$2.00	15.16%
002448.SZ	ZYNP Corporation	1.25%	$0.16	32.06%
0QLU.L	Basler Kantonalbank	1.25%	$1.11	12.42%
145720.KS	Dentium Co. Ltd.	1.25%	$599.51	9.81%
204320.KS	Mando Corporation	1.25%	$820.37	29.46%
3684.TWO	Grand-Tek Technology Co., Ltd.	1.25%	$0.80	29.94%
5819.KL	Hong Leong Bank Berhad	1.25%	$0.28	13.43%
600633.SS	Zhejiang Daily Digital Culture Group Co.,Ltd.	1.25%	$0.16	35.54%
600850.SS	CETC Digital Technology Co.,Ltd.	1.25%	$0.37	49.83%
603329.SS	Shanghai Ace Investment & Development Co., Ltd.	1.25%	$0.14	79.14%
603920.SS	Olympic Circuit Technology Co., Ltd	1.25%	$0.61	53.40%
6632.T	JVCKENWOOD Corporation	1.25%	$15.03	12.26%
9717.T	JASTEC Co., Ltd.	1.25%	$24.25	22.00%
9719.T	SCSK Corporation	1.25%	$70.95	36.13%
ENTER.AT	Entersoft S.A.	1.25%	$0.10	20.30%
ETN	Eaton Corporation plc	1.25%	$4.08	40.54%
IRFC.BO	Indian Railway Finance Corporation Limited	1.25%	$1.60	30.59%
LVC.WA	LiveChat Software S.A.	1.25%	$1.46	20.71%
ORSTED.CO	Ørsted A/S	1.25%	$1.60	10.19%
000514.SZ	Chongqing Yukaifa Co., Ltd	1.24%	$0.06	55.20%
002346.SZ	Shanghai Zhezhong Group Co.,Ltd	1.24%	$0.25	18.48%
002748.SZ	Jiangxi Selon Industrial Co., Ltd.	1.24%	$0.16	89.09%
1976.T	MEISEI INDUSTRIAL Co.,Ltd.	1.24%	$21.03	12.53%
300763.SZ	Ginlong Technologies Co., Ltd.	1.24%	$0.88	39.17%
600871.SS	Sinopec Oilfield Service Corporation	1.24%	$0.03	81.02%
603585.SS	Suli Co., Ltd.	1.24%	$0.23	35.70%
605116.SS	Aurisco Pharmaceutical Co.,Ltd.	1.24%	$0.31	29.49%
ALWED.PA	Wedia S.A.	1.24%	$0.38	21.38%
MNC.WA	Mennica Polska S.A.	1.24%	$0.60	6.22%
MTHH.CO	MT Højgaard Holding A/S	1.24%	$6.49	19.74%
WALL-B.ST	Wallenstam AB (publ)	1.24%	$0.51	17.40%
WRT1V.HE	Wärtsilä Oyj Abp	1.24%	$0.38	40.46%
041830.KQ	InBody Co.,Ltd	1.23%	$400.00	16.47%
0QHK.L	SeSa S.p.A.	1.23%	$1.12	27.54%
0Y5C.L	Allegion plc	1.23%	$1.99	26.83%
300726.SZ	Zhuzhou Hongda Electronics Corp.,Ltd.	1.23%	$0.63	74.98%
300916.SZ	Shenzhen Longtech Smart Control Co., Ltd.	1.23%	$0.40	42.79%
4148.TW	All Cosmos Bio-Tech Holding Corporation	1.23%	$0.48	23.21%
544.SI	CSE Global Limited	1.23%	$0.01	26.84%
600104.SS	SAIC Motor Corporation Limited	1.23%	$0.19	75.02%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Exelon Corporation (EXC)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener