DDM Analysis: 300219.SZ

Valuation Snapshot

Stable Growth	$15.01 - $17.70	$16.58
Multi-Stage	$10.00 - $11.02	$10.50
Blended Fair Value	$13.54
Current Price	$7.45
Upside	81.72%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	-15.39%	29.68%	0.14	0.05	0.04	0.02	0.02	0.33	0.09	0.05	0.04	0.02
YoY Growth	-	-	174.54%	21.06%	95.27%	26.49%	-94.72%	272.85%	85.24%	18.72%	113.95%	76.76%
Dividend Yield	-	-	2.11%	0.73%	0.54%	0.23%	0.18%	4.71%	1.01%	0.39%	0.32%	0.16%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	65.98
(-) Cash Dividends Paid (M)	32.61
(=) Cash Retained (M)	33.37

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	13.20	8.25	4.95
Cash Retained (M)	33.37	33.37	33.37
(-) Cash Required (M)	-13.20	-8.25	-4.95
(=) Excess Retained (M)	20.18	25.13	28.43
(/) Shares Outstanding (M)	712.50	712.50	712.50
(=) Excess Retained per Share	0.03	0.04	0.04
LTM Dividend per Share	0.05	0.05	0.05
(+) Excess Retained per Share	0.03	0.04	0.04
(=) Adjusted Dividend	0.07	0.08	0.09
WACC / Discount Rate	-0.49%	-0.49%	-0.49%
Growth Rate	1.29%	2.29%	3.29%
Fair Value	$15.01	$16.58	$17.70
Upside / Downside	101.45%	122.51%	137.53%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	65.98	67.49	69.04	70.62	72.24	73.89	76.11
Payout Ratio	49.42%	57.53%	65.65%	73.77%	81.88%	90.00%	92.50%
Projected Dividends (M)	32.61	38.83	45.32	52.09	59.15	66.50	70.40

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	-0.49%	-0.49%	-0.49%
Growth Rate	1.29%	2.29%	3.29%
Year 1 PV (M)	38.64	39.02	39.40
Year 2 PV (M)	44.88	45.77	46.67
Year 3 PV (M)	51.33	52.86	54.43
Year 4 PV (M)	57.99	60.32	62.71
Year 5 PV (M)	64.88	68.15	71.54
PV of Terminal Value (M)	6,868.41	7,214.21	7,573.80
Equity Value (M)	7,126.13	7,480.33	7,848.56
Shares Outstanding (M)	712.50	712.50	712.50
Fair Value	$10.00	$10.50	$11.02
Upside / Downside	34.25%	40.92%	47.86%

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

Hongli Zhihui Group Co.,Ltd. (300219.SZ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener