DDM Analysis: 002510.SZ

Valuation Snapshot

Stable Growth	$0.80 - $1.44	$1.07
Multi-Stage	$1.00 - $1.09	$1.04
Blended Fair Value	$1.06
Current Price	$7.40
Upside	-85.72%
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	-7.48%	4.28%	0.07	0.04	0.02	0.03	0.07	0.11	0.08	0.05	0.06	0.06
YoY Growth	-	-	108.34%	71.91%	-22.75%	-63.49%	-32.90%	43.59%	41.80%	-6.10%	3.44%	13.50%
Dividend Yield	-	-	1.39%	0.80%	0.54%	0.72%	1.84%	2.20%	1.52%	0.92%	0.94%	0.80%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	56.92
(-) Cash Dividends Paid (M)	35.52
(=) Cash Retained (M)	21.40

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	11.38	7.11	4.27
Cash Retained (M)	21.40	21.40	21.40
(-) Cash Required (M)	-11.38	-7.11	-4.27
(=) Excess Retained (M)	10.02	14.29	17.13
(/) Shares Outstanding (M)	999.55	999.55	999.55
(=) Excess Retained per Share	0.01	0.01	0.02
LTM Dividend per Share	0.04	0.04	0.04
(+) Excess Retained per Share	0.01	0.01	0.02
(=) Adjusted Dividend	0.05	0.05	0.05
WACC / Discount Rate	8.09%	8.09%	8.09%
Growth Rate	2.28%	3.28%	4.28%
Fair Value	$0.80	$1.07	$1.44
Upside / Downside	-89.16%	-85.54%	-80.51%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	56.92	58.79	60.72	62.71	64.77	66.90	68.91
Payout Ratio	62.40%	67.92%	73.44%	78.96%	84.48%	90.00%	92.50%
Projected Dividends (M)	35.52	39.93	44.59	49.52	54.72	60.21	63.74

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	8.09%	8.09%	8.09%
Growth Rate	2.28%	3.28%	4.28%
Year 1 PV (M)	36.58	36.94	37.30
Year 2 PV (M)	37.43	38.16	38.91
Year 3 PV (M)	38.08	39.21	40.36
Year 4 PV (M)	38.55	40.08	41.66
Year 5 PV (M)	38.86	40.80	42.81
PV of Terminal Value (M)	807.78	848.04	889.90
Equity Value (M)	997.28	1,043.23	1,090.93
Shares Outstanding (M)	999.55	999.55	999.55
Fair Value	$1.00	$1.04	$1.09
Upside / Downside	-86.52%	-85.90%	-85.25%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 14 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
UVSP	Univest Financial Corporation	2.69%	$0.87	28.95%
VBTX	Veritex Holdings, Inc.	2.69%	$0.81	38.53%
CBT	Cabot Corporation	2.68%	$1.80	29.00%
PKOH	Park-Ohio Holdings Corp.	2.68%	$0.56	33.19%
WINA	Winmark Corporation	2.68%	$10.76	96.24%
CHCO	City Holding Company	2.67%	$3.20	36.27%
IDA	IDACORP, Inc.	2.67%	$3.40	58.98%
LFVN	LifeVantage Corporation	2.67%	$0.16	18.67%
MMM	3M Company	2.67%	$4.31	68.77%
MSEX	Middlesex Water Company	2.67%	$1.34	56.69%
ONB	Old National Bancorp	2.67%	$0.60	35.48%
0HQU.L	CF Industries Holdings, Inc.	2.66%	$2.07	24.22%
MGY	Magnolia Oil & Gas Corporation	2.66%	$0.60	32.28%
PEBK	Peoples Bancorp of North Carolina, Inc.	2.66%	$0.95	30.99%
GSBC	Great Southern Bancorp, Inc.	2.65%	$1.63	26.64%
HD	The Home Depot, Inc.	2.65%	$9.15	62.39%
MVBF	MVB Financial Corp.	2.65%	$0.68	27.31%
PPG	PPG Industries, Inc.	2.65%	$2.76	62.85%
TWMIX	American Century Emerging Markets Investor Class	2.64%	$0.40	76.80%
0M2A.L	Adeia Inc.	2.63%	$0.35	53.29%
ALLY	Ally Financial Inc.	2.63%	$1.20	59.56%
FRAF	Franklin Financial Services Corporation	2.63%	$1.28	36.88%
LEA	Lear Corporation	2.63%	$3.12	37.81%
VHI	Valhi, Inc.	2.63%	$0.32	49.46%
FHI	Federated Hermes, Inc.	2.62%	$1.37	27.23%
MKC	McCormick & Company, Incorporated	2.62%	$1.76	61.04%
SLB	SLB N.V.	2.62%	$1.05	42.94%
BAH	Booz Allen Hamilton Holding Corporation	2.61%	$2.22	33.15%
GILD	Gilead Sciences, Inc.	2.61%	$3.18	49.10%
AWR	American States Water Company	2.60%	$1.88	55.89%
CBAN	Colony Bankcorp, Inc.	2.59%	$0.46	28.75%
MDU	MDU Resources Group, Inc.	2.59%	$0.51	62.41%
PLBC	Plumas Bancorp	2.59%	$1.14	27.38%
CRD-A	Crawford & Company	2.58%	$0.28	43.18%
WBS	Webster Financial Corporation	2.57%	$1.64	29.21%
FANG	Diamondback Energy, Inc.	2.56%	$3.90	26.98%
JEF	Jefferies Financial Group Inc.	2.56%	$1.63	49.77%
UNH	UnitedHealth Group Incorporated	2.56%	$8.60	44.61%
DOX	Amdocs Limited	2.55%	$2.04	39.68%
DVN	Devon Energy Corporation	2.55%	$0.96	22.55%
TGNA	TEGNA Inc.	2.55%	$0.49	23.26%
CFFI	C&F Financial Corporation	2.54%	$1.80	22.24%
MTH	Meritage Homes Corporation	2.54%	$1.68	21.92%
DTM	DT Midstream, Inc.	2.52%	$3.04	77.42%
LEVI	Levi Strauss & Co.	2.52%	$0.52	34.78%
NFG	National Fuel Gas Company	2.52%	$2.07	36.34%
AMNB	American National Bankshares Inc.	2.51%	$1.20	48.76%
HIMYX	Pioneer High Income Municipal Fund Class Y	2.51%	$0.14	81.31%
ACNB	ACNB Corporation	2.50%	$1.18	37.66%
FMBH	First Mid Bancshares, Inc.	2.50%	$0.96	26.52%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Tianjin Motor Dies Co.,Ltd. (002510.SZ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener