DDM Analysis: 002294.SZ

Valuation Snapshot

Stable Growth	$4.40 - $6.38	$5.36
Multi-Stage	$8.09 - $8.86	$8.47
Blended Fair Value	$6.92
Current Price	$60.35
Upside	-88.54%
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	-8.53%	3.36%	0.49	0.49	0.40	0.01	0.48	0.77	0.76	1.04	0.19	0.41
YoY Growth	-	-	-0.61%	24.52%	2,738.49%	-97.09%	-37.28%	1.10%	-27.35%	462.52%	-55.02%	16.98%
Dividend Yield	-	-	1.49%	1.67%	1.12%	0.06%	1.27%	4.31%	2.75%	2.41%	0.65%	1.46%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	672.56
(-) Cash Dividends Paid (M)	557.47
(=) Cash Retained (M)	115.09

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	134.51	84.07	50.44
Cash Retained (M)	115.09	115.09	115.09
(-) Cash Required (M)	-134.51	-84.07	-50.44
(=) Excess Retained (M)	-19.42	31.02	64.65
(/) Shares Outstanding (M)	1,114.15	1,114.15	1,114.15
(=) Excess Retained per Share	-0.02	0.03	0.06
LTM Dividend per Share	0.50	0.50	0.50
(+) Excess Retained per Share	-0.02	0.03	0.06
(=) Adjusted Dividend	0.48	0.53	0.56
WACC / Discount Rate	8.56%	8.56%	8.56%
Growth Rate	-2.18%	-1.18%	-0.18%
Fair Value	$4.40	$5.36	$6.38
Upside / Downside	-92.71%	-91.11%	-89.42%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	672.56	664.65	656.83	649.10	641.46	633.91	652.93
Payout Ratio	82.89%	84.31%	85.73%	87.16%	88.58%	90.00%	92.50%
Projected Dividends (M)	557.47	560.37	563.12	565.72	568.19	570.52	603.96

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	8.56%	8.56%	8.56%
Growth Rate	-2.18%	-1.18%	-0.18%
Year 1 PV (M)	510.98	516.20	521.43
Year 2 PV (M)	468.23	477.85	487.57
Year 3 PV (M)	428.94	442.23	455.79
Year 4 PV (M)	392.84	409.15	425.97
Year 5 PV (M)	359.69	378.45	397.99
PV of Terminal Value (M)	6,853.89	7,211.45	7,583.77
Equity Value (M)	9,014.57	9,435.34	9,872.52
Shares Outstanding (M)	1,114.15	1,114.15	1,114.15
Fair Value	$8.09	$8.47	$8.86
Upside / Downside	-86.59%	-85.97%	-85.32%

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

Shenzhen Salubris Pharmaceuticals Co., Ltd. (002294.SZ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener