DDM Analysis: 002802.SZ

Valuation Snapshot

Stable Growth	$37.68 - $44.49	$41.65
Multi-Stage	$58.30 - $64.66	$61.41
Blended Fair Value	$51.53
Current Price	$12.81
Upside	302.26%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	-9.02%	44.04%	0.36	0.46	0.23	0.29	0.46	0.58	0.21	0.09	0.09	0.01
YoY Growth	-	-	-21.88%	96.29%	-18.71%	-37.13%	-20.48%	180.56%	133.56%	-5.35%	1,055.68%	-13.94%
Dividend Yield	-	-	2.51%	4.70%	2.02%	2.05%	3.27%	5.32%	1.38%	0.58%	0.26%	0.10%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	45.77
(-) Cash Dividends Paid (M)	21.42
(=) Cash Retained (M)	24.35

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	9.15	5.72	3.43
Cash Retained (M)	24.35	24.35	24.35
(-) Cash Required (M)	-9.15	-5.72	-3.43
(=) Excess Retained (M)	15.20	18.63	20.92
(/) Shares Outstanding (M)	184.09	184.09	184.09
(=) Excess Retained per Share	0.08	0.10	0.11
LTM Dividend per Share	0.12	0.12	0.12
(+) Excess Retained per Share	0.08	0.10	0.11
(=) Adjusted Dividend	0.20	0.22	0.23
WACC / Discount Rate	-20.44%	-20.44%	-20.44%
Growth Rate	-5.27%	-4.27%	-3.27%
Fair Value	$37.68	$41.65	$44.49
Upside / Downside	194.14%	225.11%	247.28%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	45.77	43.81	41.94	40.15	38.43	36.79	37.89
Payout Ratio	46.80%	55.44%	64.08%	72.72%	81.36%	90.00%	92.50%
Projected Dividends (M)	21.42	24.29	26.87	29.19	31.27	33.11	35.05

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	-20.44%	-20.44%	-20.44%
Growth Rate	-5.27%	-4.27%	-3.27%
Year 1 PV (M)	30.21	30.53	30.84
Year 2 PV (M)	41.57	42.45	43.34
Year 3 PV (M)	56.16	57.96	59.80
Year 4 PV (M)	74.81	78.02	81.33
Year 5 PV (M)	98.53	103.84	109.38
PV of Terminal Value (M)	10,430.58	10,992.88	11,579.19
Equity Value (M)	10,731.86	11,305.69	11,903.88
Shares Outstanding (M)	184.09	184.09	184.09
Fair Value	$58.30	$61.41	$64.66
Upside / Downside	355.08%	379.41%	404.78%

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

Wuxi Honghui New Materials Technology Co., Ltd. (002802.SZ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener