DDM Analysis: 2701.TW

Valuation Snapshot

Stable Growth	$3.78 - $5.47	$4.60
Multi-Stage	$10.18 - $11.23	$10.70
Blended Fair Value	$7.65
Current Price	$11.35
Upside	-32.62%
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	-5.26%	12.57%	0.29	0.24	0.17	0.24	0.39	0.38	0.23	0.22	0.17	0.13
YoY Growth	-	-	22.55%	39.92%	-30.69%	-37.00%	1.94%	68.24%	3.01%	32.84%	30.25%	42.75%
Dividend Yield	-	-	2.40%	1.91%	1.35%	2.00%	3.20%	3.46%	1.76%	1.70%	1.26%	0.99%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	239.65
(-) Cash Dividends Paid (M)	126.75
(=) Cash Retained (M)	112.90

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	47.93	29.96	17.97
Cash Retained (M)	112.90	112.90	112.90
(-) Cash Required (M)	-47.93	-29.96	-17.97
(=) Excess Retained (M)	64.97	82.94	94.93
(/) Shares Outstanding (M)	445.00	445.00	445.00
(=) Excess Retained per Share	0.15	0.19	0.21
LTM Dividend per Share	0.28	0.28	0.28
(+) Excess Retained per Share	0.15	0.19	0.21
(=) Adjusted Dividend	0.43	0.47	0.50
WACC / Discount Rate	6.42%	6.42%	6.42%
Growth Rate	-4.46%	-3.46%	-2.46%
Fair Value	$3.78	$4.60	$5.47
Upside / Downside	-66.69%	-59.47%	-51.84%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	239.65	231.35	223.34	215.60	208.13	200.92	206.95
Payout Ratio	52.89%	60.31%	67.73%	75.16%	82.58%	90.00%	92.50%
Projected Dividends (M)	126.75	139.53	151.28	162.04	171.87	180.83	191.43

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.42%	6.42%	6.42%
Growth Rate	-4.46%	-3.46%	-2.46%
Year 1 PV (M)	129.75	131.11	132.47
Year 2 PV (M)	130.81	133.56	136.34
Year 3 PV (M)	130.29	134.43	138.65
Year 4 PV (M)	128.51	133.98	139.62
Year 5 PV (M)	125.73	132.45	139.46
PV of Terminal Value (M)	3,886.43	4,094.13	4,310.62
Equity Value (M)	4,531.52	4,759.66	4,997.15
Shares Outstanding (M)	445.00	445.00	445.00
Fair Value	$10.18	$10.70	$11.23
Upside / Downside	-10.28%	-5.76%	-1.06%

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

Analysis Mode

Ticker

Industry

Sector

Wan Hwa Enterprise Company Ltd. (2701.TW)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener