DDM Analysis: 300540.SZ

Valuation Snapshot

Stable Growth	$4.95 - $8.48	$6.48
Multi-Stage	$4.95 - $5.42	$5.18
Blended Fair Value	$5.83
Current Price	$19.63
Upside	-70.29%
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	-3.92%	-8.40%	0.03	0.02	0.02	0.06	0.02	0.03	0.04	0.04	0.02	0.05
YoY Growth	-	-	57.72%	-16.00%	-64.01%	169.35%	-36.25%	-7.13%	-21.02%	85.80%	-51.16%	-23.69%
Dividend Yield	-	-	0.16%	0.10%	0.15%	0.32%	0.16%	0.37%	0.28%	0.42%	0.10%	0.43%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	68.61
(-) Cash Dividends Paid (M)	11.85
(=) Cash Retained (M)	56.77

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	13.72	8.58	5.15
Cash Retained (M)	56.77	56.77	56.77
(-) Cash Required (M)	-13.72	-8.58	-5.15
(=) Excess Retained (M)	43.04	48.19	51.62
(/) Shares Outstanding (M)	178.41	178.41	178.41
(=) Excess Retained per Share	0.24	0.27	0.29
LTM Dividend per Share	0.07	0.07	0.07
(+) Excess Retained per Share	0.24	0.27	0.29
(=) Adjusted Dividend	0.31	0.34	0.36
WACC / Discount Rate	9.77%	9.77%	9.77%
Growth Rate	3.36%	4.36%	5.36%
Fair Value	$4.95	$6.48	$8.48
Upside / Downside	-74.76%	-66.99%	-56.80%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	68.61	71.60	74.72	77.97	81.37	84.91	87.46
Payout Ratio	17.27%	31.81%	46.36%	60.91%	75.45%	90.00%	92.50%
Projected Dividends (M)	11.85	22.78	34.64	47.49	61.40	76.42	80.90

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	9.77%	9.77%	9.77%
Growth Rate	3.36%	4.36%	5.36%
Year 1 PV (M)	20.55	20.75	20.95
Year 2 PV (M)	28.20	28.75	29.30
Year 3 PV (M)	34.88	35.90	36.94
Year 4 PV (M)	40.68	42.28	43.92
Year 5 PV (M)	45.69	47.94	50.28
PV of Terminal Value (M)	713.89	749.10	785.69
Equity Value (M)	883.89	924.72	967.08
Shares Outstanding (M)	178.41	178.41	178.41
Fair Value	$4.95	$5.18	$5.42
Upside / Downside	-74.76%	-73.60%	-72.39%

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

Sichuan Shudao Equipment & Technology Co.,Ltd. (300540.SZ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener