DDM Analysis: 002912.SZ

Valuation Snapshot

Stable Growth	$2.68 - $3.63	$3.16
Multi-Stage	$6.38 - $7.04	$6.70
Blended Fair Value	$4.93
Current Price	$28.43
Upside	-82.65%
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	-5.77%	13.14%	0.30	0.00	0.00	0.41	0.41	0.41	0.29	0.23	0.29	0.11
YoY Growth	-	-	47,378.98%	73.01%	-99.91%	-1.20%	2.18%	38.67%	25.06%	-20.00%	177.78%	20.00%
Dividend Yield	-	-	1.12%	0.00%	0.00%	1.57%	0.85%	0.43%	0.40%	0.48%	1.72%	0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	96.25
(-) Cash Dividends Paid (M)	34.30
(=) Cash Retained (M)	61.95

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	19.25	12.03	7.22
Cash Retained (M)	61.95	61.95	61.95
(-) Cash Required (M)	-19.25	-12.03	-7.22
(=) Excess Retained (M)	42.70	49.92	54.73
(/) Shares Outstanding (M)	171.20	171.20	171.20
(=) Excess Retained per Share	0.25	0.29	0.32
LTM Dividend per Share	0.20	0.20	0.20
(+) Excess Retained per Share	0.25	0.29	0.32
(=) Adjusted Dividend	0.45	0.49	0.52
WACC / Discount Rate	7.74%	7.74%	7.74%
Growth Rate	-7.77%	-6.77%	-5.77%
Fair Value	$2.68	$3.16	$3.63
Upside / Downside	-90.59%	-88.87%	-87.23%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	96.25	89.74	83.67	78.01	72.73	67.81	69.85
Payout Ratio	35.64%	46.51%	57.38%	68.25%	79.13%	90.00%	92.50%
Projected Dividends (M)	34.30	41.74	48.01	53.24	57.55	61.03	64.61

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	7.74%	7.74%	7.74%
Growth Rate	-7.77%	-6.77%	-5.77%
Year 1 PV (M)	38.33	38.74	39.16
Year 2 PV (M)	40.48	41.36	42.26
Year 3 PV (M)	41.22	42.58	43.96
Year 4 PV (M)	40.92	42.72	44.58
Year 5 PV (M)	39.84	42.05	44.35
PV of Terminal Value (M)	890.74	940.08	991.59
Equity Value (M)	1,091.53	1,147.54	1,205.90
Shares Outstanding (M)	171.20	171.20	171.20
Fair Value	$6.38	$6.70	$7.04
Upside / Downside	-77.57%	-76.42%	-75.22%

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

Shenzhen Sinovatio Technology Co., Ltd. (002912.SZ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener