DDM Analysis: 300476.SZ

Valuation Snapshot

Stable Growth	$80.65 - $173.73	$115.12
Multi-Stage	$57.89 - $63.27	$60.53
Blended Fair Value	$87.83
Current Price	$285.50
Upside	-69.24%
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	11.30%	18.06%	0.30	0.27	0.27	0.26	0.23	0.18	0.15	0.15	0.06	0.01
YoY Growth	-	-	13.02%	-2.20%	5.37%	11.70%	31.28%	18.95%	-0.41%	141.27%	1,113.93%	-91.12%
Dividend Yield	-	-	0.37%	1.09%	1.53%	1.12%	0.99%	0.99%	1.03%	0.94%	0.48%	0.04%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	3,634.65
(-) Cash Dividends Paid (M)	339.48
(=) Cash Retained (M)	3,295.17

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	726.93	454.33	272.60
Cash Retained (M)	3,295.17	3,295.17	3,295.17
(-) Cash Required (M)	-726.93	-454.33	-272.60
(=) Excess Retained (M)	2,568.24	2,840.84	3,022.57
(/) Shares Outstanding (M)	861.69	861.69	861.69
(=) Excess Retained per Share	2.98	3.30	3.51
LTM Dividend per Share	0.39	0.39	0.39
(+) Excess Retained per Share	2.98	3.30	3.51
(=) Adjusted Dividend	3.37	3.69	3.90
WACC / Discount Rate	9.91%	9.91%	9.91%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$80.65	$115.12	$173.73
Upside / Downside	-71.75%	-59.68%	-39.15%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	3,634.65	3,870.90	4,122.51	4,390.47	4,675.85	4,979.78	5,129.17
Payout Ratio	9.34%	25.47%	41.60%	57.74%	73.87%	90.00%	92.50%
Projected Dividends (M)	339.48	985.99	1,715.13	2,534.88	3,453.96	4,481.80	4,744.48

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	9.91%	9.91%	9.91%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	888.63	897.06	905.48
Year 2 PV (M)	1,393.14	1,419.67	1,446.46
Year 3 PV (M)	1,855.68	1,908.95	1,963.23
Year 4 PV (M)	2,278.83	2,366.46	2,456.60
Year 5 PV (M)	2,664.99	2,793.71	2,927.36
PV of Terminal Value (M)	40,802.11	42,772.87	44,819.05
Equity Value (M)	49,883.38	52,158.72	54,518.18
Shares Outstanding (M)	861.69	861.69	861.69
Fair Value	$57.89	$60.53	$63.27
Upside / Downside	-79.72%	-78.80%	-77.84%

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

Victory Giant Technology (HuiZhou)Co.,Ltd. (300476.SZ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener