DDM Analysis: 002050.SZ

Valuation Snapshot

Stable Growth	$172.69 - $203.45	$190.66
Multi-Stage	$121.07 - $132.86	$126.86
Blended Fair Value	$158.76
Current Price	$48.43
Upside	227.81%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	20.05%	21.50%	0.36	0.26	0.26	0.24	0.21	0.15	0.15	0.15	0.05	0.04
YoY Growth	-	-	37.50%	2.72%	5.11%	14.96%	46.07%	-1.26%	1.54%	168.49%	50.91%	-30.78%
Dividend Yield	-	-	1.26%	1.09%	1.00%	1.47%	1.03%	1.18%	1.51%	1.38%	0.77%	0.84%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	4,039.55
(-) Cash Dividends Paid (M)	1,399.10
(=) Cash Retained (M)	2,640.45

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	807.91	504.94	302.97
Cash Retained (M)	2,640.45	2,640.45	2,640.45
(-) Cash Required (M)	-807.91	-504.94	-302.97
(=) Excess Retained (M)	1,832.54	2,135.50	2,337.48
(/) Shares Outstanding (M)	3,948.66	3,948.66	3,948.66
(=) Excess Retained per Share	0.46	0.54	0.59
LTM Dividend per Share	0.35	0.35	0.35
(+) Excess Retained per Share	0.46	0.54	0.59
(=) Adjusted Dividend	0.82	0.90	0.95
WACC / Discount Rate	1.69%	1.69%	1.69%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$172.69	$190.66	$203.45
Upside / Downside	256.57%	293.69%	320.10%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	4,039.55	4,302.12	4,581.76	4,879.57	5,196.75	5,534.53	5,700.57
Payout Ratio	34.64%	45.71%	56.78%	67.85%	78.93%	90.00%	92.50%
Projected Dividends (M)	1,399.10	1,966.42	2,601.57	3,310.99	4,101.64	4,981.08	5,273.03

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	1.69%	1.69%	1.69%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	1,915.57	1,933.72	1,951.88
Year 2 PV (M)	2,468.75	2,515.78	2,563.24
Year 3 PV (M)	3,060.70	3,148.56	3,238.09
Year 4 PV (M)	3,693.52	3,835.57	3,981.67
Year 5 PV (M)	4,369.46	4,580.51	4,799.64
PV of Terminal Value (M)	462,556.40	484,898.05	508,094.76
Equity Value (M)	478,064.41	500,912.18	524,629.27
Shares Outstanding (M)	3,948.66	3,948.66	3,948.66
Fair Value	$121.07	$126.86	$132.86
Upside / Downside	149.99%	161.94%	174.34%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 13 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
CL	Colgate-Palmolive Company	2.88%	$2.24	62.40%
TCBK	TriCo Bancshares	2.87%	$1.35	37.83%
0U6R.L	Bunge Limited	2.86%	$3.05	31.37%
FBMS	The First Bancshares, Inc.	2.86%	$0.97	39.72%
RILYG	B. Riley Financial, Inc. 5.00% Senior Notes due 2026	2.86%	$0.58	56.91%
CNS	Cohen & Steers, Inc.	2.85%	$1.81	56.91%
MRBK	Meridian Corporation	2.85%	$0.49	27.85%
AMGN	Amgen Inc.	2.84%	$9.31	72.03%
BKH	Black Hills Corporation	2.84%	$1.98	50.60%
GABC	German American Bancorp, Inc.	2.84%	$1.11	40.35%
HOMB	Home Bancshares, Inc.	2.84%	$0.79	34.17%
KO	The Coca-Cola Company	2.84%	$1.96	65.04%
SBFG	SB Financial Group, Inc.	2.84%	$0.61	28.02%
TSBK	Timberland Bancorp, Inc.	2.84%	$1.00	27.24%
CATY	Cathay General Bancorp	2.83%	$1.38	31.20%
CWT	California Water Service Group	2.83%	$1.22	53.25%
EBIX	Ebix, Inc.	2.83%	$0.08	46.85%
CMS-PB	Consumers Energy Company	2.82%	$2.17	62.27%
EPRT	Essential Properties Realty Trust, Inc.	2.82%	$0.85	70.58%
GPK	Graphic Packaging Holding Company	2.82%	$0.43	24.85%
VALSX	Value Line Select Growth Fund	2.82%	$0.87	56.29%
CCNE	CNB Financial Corporation	2.81%	$0.72	35.05%
ORRF	Orrstown Financial Services, Inc.	2.81%	$0.98	26.05%
TXNM	TXNM Energy, Inc.	2.80%	$1.65	86.75%
STC	Stewart Information Services Corporation	2.79%	$1.95	54.56%
CVLY	Codorus Valley Bancorp, Inc.	2.77%	$0.67	28.98%
KKRS	KKR Group Finance Co. IX LLC 4.	2.77%	$0.49	7.61%
SHBI	Shore Bancshares, Inc.	2.77%	$0.48	28.28%
HNNA	Hennessy Advisors, Inc.	2.76%	$0.27	21.11%
HONE	HarborOne Bancorp, Inc.	2.76%	$0.33	51.05%
KMT	Kennametal Inc.	2.76%	$0.80	65.12%
PNM	PNM Resources, Inc.	2.76%	$1.12	57.65%
HWC	Hancock Whitney Corporation	2.75%	$1.77	31.35%
YOU	Clear Secure, Inc.	2.75%	$0.95	50.89%
0HE2.L	Ameren Corporation	2.74%	$2.78	53.51%
MTDR	Matador Resources Company	2.74%	$1.19	18.96%
OFG	OFG Bancorp	2.74%	$1.12	25.13%
VLO	Valero Energy Corporation	2.74%	$4.53	93.65%
YORW	The York Water Company	2.73%	$0.87	62.37%
CCZ	Comcast Holdings Corp.	2.72%	$1.63	26.92%
K	Kellanova	2.72%	$2.27	62.18%
ADT	ADT Inc.	2.71%	$0.22	29.95%
AVT	Avnet, Inc.	2.71%	$1.34	48.46%
BKU	BankUnited, Inc.	2.71%	$1.21	34.19%
CNOB	ConnectOne Bancorp, Inc.	2.71%	$0.71	48.64%
GBX	The Greenbrier Companies, Inc.	2.71%	$1.28	19.40%
PBHC	Pathfinder Bancorp, Inc.	2.71%	$0.38	26.39%
TRIN	Trinity Capital Inc.	2.71%	$0.41	20.50%
RILYN	B. Riley Financial, Inc. - 6.50	2.70%	$0.58	56.91%
0L5A.L	Sempra	2.69%	$2.41	72.79%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Zhejiang Sanhua Intelligent Controls Co.,Ltd (002050.SZ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener