DDM Analysis: 300611.SZ

Valuation Snapshot

Stable Growth	$42.25 - $137.07	$128.45
Multi-Stage	$18.04 - $19.74	$18.87
Blended Fair Value	$73.66
Current Price	$26.25
Upside	180.62%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	5.76%	14.69%	0.13	0.03	0.12	0.12	0.10	0.10	0.12	0.11	0.01	0.01
YoY Growth	-	-	339.33%	-75.67%	-0.69%	18.06%	5.58%	-18.38%	11.17%	1,956.52%	-54.68%	-64.82%
Dividend Yield	-	-	0.39%	0.32%	1.37%	1.27%	1.20%	1.22%	1.08%	0.87%	0.02%	0.14%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	145.90
(-) Cash Dividends Paid (M)	42.18
(=) Cash Retained (M)	103.71

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	29.18	18.24	10.94
Cash Retained (M)	103.71	103.71	103.71
(-) Cash Required (M)	-29.18	-18.24	-10.94
(=) Excess Retained (M)	74.53	85.48	92.77
(/) Shares Outstanding (M)	211.69	211.69	211.69
(=) Excess Retained per Share	0.35	0.40	0.44
LTM Dividend per Share	0.20	0.20	0.20
(+) Excess Retained per Share	0.35	0.40	0.44
(=) Adjusted Dividend	0.55	0.60	0.64
WACC / Discount Rate	6.88%	6.88%	6.88%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$42.25	$128.45	$137.07
Upside / Downside	60.96%	389.34%	422.16%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	145.90	155.38	165.48	176.23	187.69	199.89	205.89
Payout Ratio	28.91%	41.13%	53.35%	65.57%	77.78%	90.00%	92.50%
Projected Dividends (M)	42.18	63.91	88.28	115.55	145.99	179.90	190.44

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.88%	6.88%	6.88%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	59.23	59.80	60.36
Year 2 PV (M)	75.84	77.28	78.74
Year 3 PV (M)	92.01	94.65	97.34
Year 4 PV (M)	107.75	111.89	116.15
Year 5 PV (M)	123.06	129.01	135.18
PV of Terminal Value (M)	3,360.49	3,522.81	3,691.33
Equity Value (M)	3,818.38	3,995.43	4,179.10
Shares Outstanding (M)	211.69	211.69	211.69
Fair Value	$18.04	$18.87	$19.74
Upside / Downside	-31.28%	-28.10%	-24.79%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 18 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
HBCP	Home Bancorp, Inc.	1.92%	$1.10	19.54%
SLM	SLM Corporation	1.92%	$0.53	17.47%
UVE	Universal Insurance Holdings, Inc.	1.92%	$0.61	14.30%
WAL	Western Alliance Bancorporation	1.92%	$1.64	20.05%
0JZ1.L	Masco Corporation	1.91%	$1.23	31.44%
0L8B.L	Southern Copper Corporation	1.91%	$2.80	60.30%
BKR	Baker Hughes Company	1.91%	$0.90	30.82%
BPAC	Bullpen Parlay Acquisition Company	1.91%	$0.20	36.09%
ELV	Elevance Health Inc.	1.91%	$6.75	27.56%
NGVC	Natural Grocers by Vitamin Cottage, Inc.	1.91%	$0.47	23.70%
SYBT	Stock Yards Bancorp, Inc.	1.91%	$1.25	27.22%
0JVQ.L	Lowe's Companies, Inc.	1.90%	$4.67	38.55%
ATERX	AB Sustainable Global Thematic Fund Class R	1.90%	$2.84	36.57%
BLL	Ball Corporation	1.90%	$1.32	9.47%
EAI	Entergy Arkansas, Inc. 1M BD 4.875%66	1.90%	$0.40	9.71%
MMC	Marsh & McLennan Companies, Inc.	1.90%	$3.47	41.48%
THO	Thor Industries, Inc.	1.90%	$2.00	37.63%
TRGP	Targa Resources Corp.	1.90%	$3.55	46.50%
TTC	The Toro Company	1.90%	$1.52	45.26%
0K8M.L	Norfolk Southern Corporation	1.89%	$5.42	41.12%
FDX	FedEx Corporation	1.89%	$5.54	32.63%
ALL	The Allstate Corporation	1.87%	$3.81	12.13%
BERY	Berry Global Group, Inc.	1.87%	$1.26	24.23%
NHC	National HealthCare Corporation	1.87%	$2.44	37.72%
PRDO	Perdoceo Education Corporation	1.87%	$0.54	23.03%
ABT	Abbott Laboratories	1.86%	$2.31	28.93%
TNET	TriNet Group, Inc.	1.86%	$1.06	38.35%
BTMD	biote Corp.	1.85%	$0.05	5.82%
WDFC	WD-40 Company	1.85%	$3.65	54.36%
AMTB	Amerant Bancorp Inc.	1.84%	$0.36	22.80%
BNH	Brookfield Finance Inc. 4.625%	1.84%	$0.30	70.51%
MGRC	McGrath RentCorp	1.84%	$1.93	32.75%
NATI	National Instruments Corporation	1.84%	$1.10	82.38%
OTIS	Otis Worldwide Corporation	1.84%	$1.63	47.44%
WS	Worthington Steel, Inc.	1.84%	$0.65	26.98%
KBH	KB Home	1.83%	$1.05	13.68%
WRB	W. R. Berkley Corporation	1.83%	$1.27	26.69%
PIPR	Piper Sandler Companies	1.82%	$6.36	47.91%
SFBS	ServisFirst Bancshares, Inc.	1.82%	$1.30	27.90%
YUM	Yum! Brands, Inc.	1.82%	$2.73	54.40%
LVS	Las Vegas Sands Corp.	1.81%	$1.18	51.99%
HNVR	Hanover Bancorp, Inc.	1.80%	$0.41	26.32%
TSCO	Tractor Supply Company	1.79%	$0.91	43.76%
CLI	Mack-Cali Realty Corporation	1.78%	$0.33	21.71%
RRR	Red Rock Resorts, Inc.	1.78%	$1.12	60.48%
SBR	Sabine Royalty Trust	1.78%	$1.25	23.02%
TMUS	T-Mobile US, Inc.	1.78%	$3.55	33.70%
BWFG	Bankwell Financial Group, Inc.	1.77%	$0.80	21.59%
DGX	Quest Diagnostics Incorporated	1.77%	$3.07	35.81%
JPM	JPMorgan Chase & Co.	1.77%	$5.75	27.69%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Zhejiang Meili High Technology Co., Ltd. (300611.SZ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener