DDM Analysis: 002942.SZ

Valuation Snapshot

Stable Growth	$3.62 - $5.15	$4.37
Multi-Stage	$10.79 - $11.92	$11.34
Blended Fair Value	$7.86
Current Price	$18.69
Upside	-57.96%
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	-3.81%	-3.56%	0.20	0.25	0.50	0.23	0.29	0.24	0.41	0.29	0.14	0.22
YoY Growth	-	-	-20.00%	-50.00%	112.79%	-18.14%	18.18%	-41.52%	44.38%	104.26%	-37.38%	-21.75%
Dividend Yield	-	-	1.29%	1.90%	2.56%	1.35%	1.34%	1.21%	1.69%	1.80%	0.88%	1.41%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	86.67
(-) Cash Dividends Paid (M)	46.73
(=) Cash Retained (M)	39.94

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	17.33	10.83	6.50
Cash Retained (M)	39.94	39.94	39.94
(-) Cash Required (M)	-17.33	-10.83	-6.50
(=) Excess Retained (M)	22.60	29.11	33.44
(/) Shares Outstanding (M)	153.86	153.86	153.86
(=) Excess Retained per Share	0.15	0.19	0.22
LTM Dividend per Share	0.30	0.30	0.30
(+) Excess Retained per Share	0.15	0.19	0.22
(=) Adjusted Dividend	0.45	0.49	0.52
WACC / Discount Rate	6.20%	6.20%	6.20%
Growth Rate	-5.56%	-4.56%	-3.56%
Fair Value	$3.62	$4.37	$5.15
Upside / Downside	-80.65%	-76.62%	-72.47%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	86.67	82.72	78.95	75.34	71.91	68.63	70.69
Payout Ratio	53.92%	61.13%	68.35%	75.57%	82.78%	90.00%	92.50%
Projected Dividends (M)	46.73	50.57	53.96	56.94	59.53	61.77	65.39

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.20%	6.20%	6.20%
Growth Rate	-5.56%	-4.56%	-3.56%
Year 1 PV (M)	47.12	47.62	48.11
Year 2 PV (M)	46.84	47.84	48.85
Year 3 PV (M)	46.05	47.53	49.04
Year 4 PV (M)	44.86	46.79	48.78
Year 5 PV (M)	43.37	45.71	48.16
PV of Terminal Value (M)	1,432.49	1,509.96	1,590.74
Equity Value (M)	1,660.73	1,745.44	1,833.68
Shares Outstanding (M)	153.86	153.86	153.86
Fair Value	$10.79	$11.34	$11.92
Upside / Downside	-42.25%	-39.30%	-36.24%

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

Zhejiang XinNong Chemical Co.,Ltd. (002942.SZ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener