DDM Analysis: 603027.SS

Valuation Snapshot

Stable Growth	$7.36 - $15.95	$10.53
Multi-Stage	$5.21 - $5.70	$5.45
Blended Fair Value	$7.99
Current Price	$8.79
Upside	-9.09%
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	47.64%	38.34%	0.47	0.09	0.06	0.06	0.06	0.07	0.04	0.03	0.02	0.01
YoY Growth	-	-	395.17%	54.70%	8.83%	1.68%	-17.25%	57.57%	45.83%	82.58%	134.37%	-62.77%
Dividend Yield	-	-	5.45%	0.71%	0.33%	0.50%	0.28%	0.67%	0.63%	0.58%	0.33%	0.18%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	422.27
(-) Cash Dividends Paid (M)	2.00
(=) Cash Retained (M)	420.27

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	84.45	52.78	31.67
Cash Retained (M)	420.27	420.27	420.27
(-) Cash Required (M)	-84.45	-52.78	-31.67
(=) Excess Retained (M)	335.81	367.48	388.60
(/) Shares Outstanding (M)	1,103.61	1,103.61	1,103.61
(=) Excess Retained per Share	0.30	0.33	0.35
LTM Dividend per Share	0.00	0.00	0.00
(+) Excess Retained per Share	0.30	0.33	0.35
(=) Adjusted Dividend	0.31	0.33	0.35
WACC / Discount Rate	9.89%	9.89%	9.89%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$7.36	$10.53	$15.95
Upside / Downside	-16.24%	19.80%	81.41%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	422.27	449.72	478.95	510.08	543.24	578.55	595.91
Payout Ratio	0.47%	18.38%	36.28%	54.19%	72.09%	90.00%	92.50%
Projected Dividends (M)	2.00	82.66	173.79	276.41	391.65	520.70	551.21

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	9.89%	9.89%	9.89%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	74.51	75.22	75.93
Year 2 PV (M)	141.23	143.92	146.64
Year 3 PV (M)	202.51	208.32	214.24
Year 4 PV (M)	258.67	268.61	278.84
Year 5 PV (M)	310.02	324.99	340.54
PV of Terminal Value (M)	4,766.03	4,996.23	5,235.24
Equity Value (M)	5,752.97	6,017.30	6,291.44
Shares Outstanding (M)	1,103.61	1,103.61	1,103.61
Fair Value	$5.21	$5.45	$5.70
Upside / Downside	-40.70%	-37.97%	-35.14%

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

Qianhe Condiment and Food Co., Ltd. (603027.SS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener