DDM Analysis: 002290.SZ

Valuation Snapshot

Stable Growth	$4.40 - $6.30	$5.33
Multi-Stage	$6.70 - $7.38	$7.03
Blended Fair Value	$6.18
Current Price	$40.88
Upside	-84.88%
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	-30.08%	-5.08%	0.03	0.07	0.11	0.13	0.20	0.15	0.24	0.02	0.12	0.14
YoY Growth	-	-	-62.24%	-37.77%	-17.96%	-35.02%	33.41%	-36.13%	1,084.22%	-83.33%	-12.61%	222.38%
Dividend Yield	-	-	0.10%	0.46%	1.13%	1.90%	3.12%	3.12%	2.38%	0.18%	0.61%	0.60%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	156.18
(-) Cash Dividends Paid (M)	2.53
(=) Cash Retained (M)	153.65

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	31.24	19.52	11.71
Cash Retained (M)	153.65	153.65	153.65
(-) Cash Required (M)	-31.24	-19.52	-11.71
(=) Excess Retained (M)	122.41	134.13	141.94
(/) Shares Outstanding (M)	245.37	245.37	245.37
(=) Excess Retained per Share	0.50	0.55	0.58
LTM Dividend per Share	0.01	0.01	0.01
(+) Excess Retained per Share	0.50	0.55	0.58
(=) Adjusted Dividend	0.51	0.56	0.59
WACC / Discount Rate	9.35%	9.35%	9.35%
Growth Rate	-2.00%	-1.00%	0.00%
Fair Value	$4.40	$5.33	$6.30
Upside / Downside	-89.24%	-86.96%	-84.59%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	156.18	154.62	153.07	151.54	150.02	148.52	152.98
Payout Ratio	1.62%	19.30%	36.97%	54.65%	72.32%	90.00%	92.50%
Projected Dividends (M)	2.53	29.83	56.59	82.81	108.50	133.67	141.51

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	9.35%	9.35%	9.35%
Growth Rate	-2.00%	-1.00%	0.00%
Year 1 PV (M)	27.01	27.28	27.56
Year 2 PV (M)	46.38	47.33	48.29
Year 3 PV (M)	61.44	63.34	65.28
Year 4 PV (M)	72.88	75.90	79.01
Year 5 PV (M)	81.28	85.51	89.92
PV of Terminal Value (M)	1,356.04	1,426.65	1,500.18
Equity Value (M)	1,645.03	1,726.03	1,810.25
Shares Outstanding (M)	245.37	245.37	245.37
Fair Value	$6.70	$7.03	$7.38
Upside / Downside	-83.60%	-82.79%	-81.95%

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

Suzhou Hesheng Special Material Co., Ltd. (002290.SZ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener