DDM Analysis: 002608.SZ

Valuation Snapshot

Stable Growth	$79.88 - $186.63	$174.90
Multi-Stage	$27.29 - $29.88	$28.56
Blended Fair Value	$101.73
Current Price	$8.05
Upside	1,163.71%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	11.48%	20.62%	0.39	0.42	0.33	0.47	0.28	0.23	0.19	0.19	0.63	0.56
YoY Growth	-	-	-5.75%	27.43%	-30.35%	67.70%	22.73%	18.66%	2.84%	-70.40%	12.94%	828.53%
Dividend Yield	-	-	5.15%	5.23%	5.32%	8.21%	3.86%	3.51%	1.91%	2.14%	4.55%	15.24%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	3,545.26
(-) Cash Dividends Paid (M)	770.25
(=) Cash Retained (M)	2,775.01

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	709.05	443.16	265.89
Cash Retained (M)	2,775.01	2,775.01	2,775.01
(-) Cash Required (M)	-709.05	-443.16	-265.89
(=) Excess Retained (M)	2,065.96	2,331.86	2,509.12
(/) Shares Outstanding (M)	3,777.91	3,777.91	3,777.91
(=) Excess Retained per Share	0.55	0.62	0.66
LTM Dividend per Share	0.20	0.20	0.20
(+) Excess Retained per Share	0.55	0.62	0.66
(=) Adjusted Dividend	0.75	0.82	0.87
WACC / Discount Rate	6.49%	6.49%	6.49%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$79.88	$174.90	$186.63
Upside / Downside	892.36%	2,072.64%	2,218.36%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	3,545.26	3,775.70	4,021.12	4,282.50	4,560.86	4,857.32	5,003.03
Payout Ratio	21.73%	35.38%	49.04%	62.69%	76.35%	90.00%	92.50%
Projected Dividends (M)	770.25	1,335.88	1,971.78	2,684.72	3,482.00	4,371.58	4,627.81

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.49%	6.49%	6.49%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	1,242.67	1,254.45	1,266.22
Year 2 PV (M)	1,706.22	1,738.72	1,771.53
Year 3 PV (M)	2,161.04	2,223.07	2,286.29
Year 4 PV (M)	2,607.24	2,707.51	2,810.64
Year 5 PV (M)	3,044.94	3,192.01	3,344.72
PV of Terminal Value (M)	92,322.67	96,781.89	101,411.78
Equity Value (M)	103,084.78	107,897.65	112,891.17
Shares Outstanding (M)	3,777.91	3,777.91	3,777.91
Fair Value	$27.29	$28.56	$29.88
Upside / Downside	238.96%	254.78%	271.20%

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

Analysis Mode

Ticker

Industry

Sector

Jiangsu Guoxin Corp. Ltd. (002608.SZ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener