DDM Analysis: 688357.SS

Valuation Snapshot

Stable Growth	$135.02 - $159.07	$149.07
Multi-Stage	$224.98 - $246.97	$235.77
Blended Fair Value	$192.42
Current Price	$39.88
Upside	382.50%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	48.40%	12.48%	0.59	0.55	0.82	0.38	0.30	0.08	0.13	0.15	0.10	0.10
YoY Growth	-	-	7.75%	-33.41%	119.78%	23.66%	269.03%	-35.44%	-16.21%	52.23%	0.05%	-45.32%
Dividend Yield	-	-	2.29%	1.68%	1.47%	0.51%	0.70%	0.31%	0.51%	0.60%	0.40%	0.40%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	86.62
(-) Cash Dividends Paid (M)	35.13
(=) Cash Retained (M)	51.48

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	17.32	10.83	6.50
Cash Retained (M)	51.48	51.48	51.48
(-) Cash Required (M)	-17.32	-10.83	-6.50
(=) Excess Retained (M)	34.16	40.66	44.99
(/) Shares Outstanding (M)	108.29	108.29	108.29
(=) Excess Retained per Share	0.32	0.38	0.42
LTM Dividend per Share	0.32	0.32	0.32
(+) Excess Retained per Share	0.32	0.38	0.42
(=) Adjusted Dividend	0.64	0.70	0.74
WACC / Discount Rate	-14.59%	-14.59%	-14.59%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$135.02	$149.07	$159.07
Upside / Downside	238.56%	273.80%	298.88%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	86.62	92.25	98.24	104.63	111.43	118.67	122.23
Payout Ratio	40.56%	50.45%	60.34%	70.23%	80.11%	90.00%	92.50%
Projected Dividends (M)	35.13	46.54	59.28	73.48	89.27	106.80	113.06

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	-14.59%	-14.59%	-14.59%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	53.98	54.49	55.00
Year 2 PV (M)	79.74	81.26	82.79
Year 3 PV (M)	114.63	117.92	121.28
Year 4 PV (M)	161.53	167.74	174.13
Year 5 PV (M)	224.15	234.98	246.22
PV of Terminal Value (M)	23,728.82	24,874.94	26,064.91
Equity Value (M)	24,362.86	25,531.33	26,744.33
Shares Outstanding (M)	108.29	108.29	108.29
Fair Value	$224.98	$235.77	$246.97
Upside / Downside	464.14%	491.19%	519.28%

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

Luoyang Jianlong Micro-nano New Material Co., Ltd (688357.SS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener