DDM Analysis: 603331.SS

Valuation Snapshot

Stable Growth	$60.69 - $71.50	$67.01
Multi-Stage	$46.28 - $50.79	$48.49
Blended Fair Value	$57.75
Current Price	$11.06
Upside	422.15%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	7.63%	2.21%	0.32	0.11	0.33	0.27	0.24	0.22	0.19	0.06	0.07	0.09
YoY Growth	-	-	183.93%	-65.65%	18.84%	13.01%	10.27%	17.31%	195.79%	-4.16%	-27.09%	-64.47%
Dividend Yield	-	-	3.26%	0.95%	2.28%	2.04%	2.57%	1.69%	1.49%	0.48%	0.67%	0.91%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	71.34
(-) Cash Dividends Paid (M)	19.10
(=) Cash Retained (M)	52.23

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	14.27	8.92	5.35
Cash Retained (M)	52.23	52.23	52.23
(-) Cash Required (M)	-14.27	-8.92	-5.35
(=) Excess Retained (M)	37.97	43.32	46.88
(/) Shares Outstanding (M)	198.42	198.42	198.42
(=) Excess Retained per Share	0.19	0.22	0.24
LTM Dividend per Share	0.10	0.10	0.10
(+) Excess Retained per Share	0.19	0.22	0.24
(=) Adjusted Dividend	0.29	0.31	0.33
WACC / Discount Rate	-0.05%	-0.05%	-0.05%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$60.69	$67.01	$71.50
Upside / Downside	448.72%	505.85%	546.48%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	71.34	75.97	80.91	86.17	91.77	97.74	100.67
Payout Ratio	26.78%	39.42%	52.07%	64.71%	77.36%	90.00%	92.50%
Projected Dividends (M)	19.10	29.95	42.13	55.76	70.99	87.96	93.12

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	-0.05%	-0.05%	-0.05%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	29.68	29.97	30.25
Year 2 PV (M)	41.38	42.17	42.96
Year 3 PV (M)	54.28	55.84	57.43
Year 4 PV (M)	68.49	71.13	73.84
Year 5 PV (M)	84.11	88.18	92.39
PV of Terminal Value (M)	8,904.30	9,334.39	9,780.93
Equity Value (M)	9,182.26	9,621.67	10,077.80
Shares Outstanding (M)	198.42	198.42	198.42
Fair Value	$46.28	$48.49	$50.79
Upside / Downside	318.43%	338.45%	359.23%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 15 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
0R28.L	Newmont Corporation	2.49%	$1.01	15.53%
ETR	Entergy Corporation	2.49%	$2.34	57.35%
NKE	NIKE, Inc.	2.49%	$1.58	80.59%
OTTR	Otter Tail Corporation	2.49%	$2.03	30.69%
FHN	First Horizon Corporation	2.48%	$0.60	34.42%
PWP	Perella Weinberg Partners	2.48%	$0.44	69.65%
SCS	Steelcase Inc.	2.48%	$0.40	50.05%
PBI	Pitney Bowes Inc.	2.46%	$0.25	61.37%
RBCAA	Republic Bancorp, Inc.	2.45%	$1.67	25.85%
SRCE	1st Source Corporation	2.45%	$1.53	25.20%
TRMK	Trustmark Corporation	2.45%	$0.96	26.11%
VOYA	Voya Financial, Inc.	2.45%	$1.86	29.46%
AWK	American Water Works Company, Inc.	2.44%	$3.18	55.85%
LSTR	Landstar System, Inc.	2.44%	$3.58	90.21%
NGL	NGL Energy Partners LP	2.44%	$0.24	24.52%
TCFC	The Community Financial Corporation	2.44%	$0.66	12.72%
CADE	Cadence Bank	2.43%	$1.05	37.49%
JNJ	Johnson & Johnson	2.43%	$5.04	48.70%
MBCN	Middlefield Banc Corp.	2.43%	$0.83	42.36%
0L7G.L	Snap-on Incorporated	2.42%	$8.43	44.15%
ITW	Illinois Tool Works Inc.	2.42%	$6.04	58.20%
MOFG	MidWestOne Financial Group, Inc.	2.40%	$0.92	32.44%
FFIN	First Financial Bankshares, Inc.	2.39%	$0.72	42.45%
ADP	Automatic Data Processing, Inc.	2.38%	$6.03	59.30%
CAL	Caleres, Inc.	2.38%	$0.29	46.21%
ABM	ABM Industries Incorporated	2.37%	$1.01	54.79%
FUNC	First United Corporation	2.36%	$0.88	22.87%
HON	Honeywell International Inc.	2.36%	$4.63	48.21%
RILYK	B. Riley Financial, Inc. 5.50% Senior Notes Due 2026	2.36%	$0.58	56.91%
CDW	CDW Corporation	2.35%	$3.14	39.31%
CHMG	Chemung Financial Corporation	2.35%	$1.28	46.47%
LZB	La-Z-Boy Incorporated	2.35%	$0.88	40.20%
PKG	Packaging Corporation of America	2.35%	$4.97	50.31%
UNP	Union Pacific Corporation	2.35%	$5.44	45.77%
0K91.L	Northern Trust Corporation	2.34%	$3.20	35.68%
MCD	McDonald's Corporation	2.33%	$7.07	60.14%
MGEE	MGE Energy, Inc.	2.32%	$1.82	49.49%
MZTI	The Marzetti Company	2.32%	$3.82	61.80%
UNM	Unum Group	2.32%	$1.79	33.52%
RILYM	B. Riley Financial, Inc. - 6.37	2.31%	$0.58	56.91%
RILYO	B. Riley Financial, Inc. - 6.75	2.31%	$0.58	56.91%
HONIV	Honeywell International Inc. Common Stock Ex Distribution When Issued	2.30%	$4.63	48.21%
PGR	The Progressive Corporation	2.30%	$4.88	26.80%
WNEB	Western New England Bancorp, Inc.	2.30%	$0.28	43.00%
0R23.L	Halliburton Company	2.29%	$0.68	44.61%
ADS	Bread Financial Holdings, Inc.	2.29%	$1.30	21.08%
HLNE	Hamilton Lane Incorporated	2.29%	$3.13	74.09%
BSVN	Bank7 Corp.	2.28%	$0.94	20.81%
MCBC	Macatawa Bank Corporation	2.28%	$0.34	28.37%
BRKL	Brookline Bancorp, Inc.	2.27%	$0.54	61.06%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Zhejiang Baida Precision Manufacturing Corp. (603331.SS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener