DDM Analysis: 002595.SZ

Valuation Snapshot

Stable Growth	$504.26 - $594.10	$556.76
Multi-Stage	$353.77 - $388.32	$370.72
Blended Fair Value	$463.74
Current Price	$59.25
Upside	682.69%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	19.18%	20.90%	1.00	0.38	0.37	0.38	0.39	0.42	0.40	0.38	0.25	0.25
YoY Growth	-	-	167.28%	0.22%	-0.40%	-2.56%	-7.52%	4.06%	5.00%	52.00%	-0.48%	67.85%
Dividend Yield	-	-	1.70%	1.05%	1.20%	1.95%	1.31%	2.47%	1.88%	2.32%	1.01%	1.31%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	2,382.82
(-) Cash Dividends Paid (M)	300.25
(=) Cash Retained (M)	2,082.57

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	476.56	297.85	178.71
Cash Retained (M)	2,082.57	2,082.57	2,082.57
(-) Cash Required (M)	-476.56	-297.85	-178.71
(=) Excess Retained (M)	1,606.01	1,784.72	1,903.86
(/) Shares Outstanding (M)	797.65	797.65	797.65
(=) Excess Retained per Share	2.01	2.24	2.39
LTM Dividend per Share	0.38	0.38	0.38
(+) Excess Retained per Share	2.01	2.24	2.39
(=) Adjusted Dividend	2.39	2.61	2.76
WACC / Discount Rate	1.59%	1.59%	1.59%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$504.26	$556.76	$594.10
Upside / Downside	751.07%	839.68%	902.70%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	2,382.82	2,537.71	2,702.66	2,878.33	3,065.42	3,264.68	3,362.62
Payout Ratio	12.60%	28.08%	43.56%	59.04%	74.52%	90.00%	92.50%
Projected Dividends (M)	300.25	712.60	1,177.29	1,699.37	2,284.36	2,938.21	3,110.42

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	1.59%	1.59%	1.59%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	694.83	701.42	708.00
Year 2 PV (M)	1,119.30	1,140.62	1,162.14
Year 3 PV (M)	1,575.38	1,620.60	1,666.68
Year 4 PV (M)	2,064.86	2,144.27	2,225.95
Year 5 PV (M)	2,589.65	2,714.73	2,844.60
PV of Terminal Value (M)	274,143.58	287,384.81	301,132.82
Equity Value (M)	282,187.60	295,706.46	309,740.20
Shares Outstanding (M)	797.65	797.65	797.65
Fair Value	$353.77	$370.72	$388.32
Upside / Downside	497.09%	525.69%	555.39%

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

Himile Mechanical Science and Technology (Shandong) Co., Ltd (002595.SZ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener