DDM Analysis: 002139.SZ

Valuation Snapshot

Stable Growth	$14.91 - $87.85	$27.44
Multi-Stage	$8.75 - $9.57	$9.15
Blended Fair Value	$18.30
Current Price	$15.65
Upside	16.91%
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	-1.06%	17.36%	0.10	0.09	0.08	0.07	0.06	0.10	0.07	0.06	0.04	0.02
YoY Growth	-	-	12.67%	13.58%	13.36%	9.93%	-40.56%	54.44%	17.35%	51.75%	84.28%	3.22%
Dividend Yield	-	-	0.64%	0.90%	0.59%	0.61%	0.55%	1.88%	1.10%	0.74%	0.62%	0.36%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	539.68
(-) Cash Dividends Paid (M)	104.82
(=) Cash Retained (M)	434.86

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	107.94	67.46	40.48
Cash Retained (M)	434.86	434.86	434.86
(-) Cash Required (M)	-107.94	-67.46	-40.48
(=) Excess Retained (M)	326.92	367.40	394.38
(/) Shares Outstanding (M)	1,221.66	1,221.66	1,221.66
(=) Excess Retained per Share	0.27	0.30	0.32
LTM Dividend per Share	0.09	0.09	0.09
(+) Excess Retained per Share	0.27	0.30	0.32
(=) Adjusted Dividend	0.35	0.39	0.41
WACC / Discount Rate	8.00%	8.00%	8.00%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$14.91	$27.44	$87.85
Upside / Downside	-4.70%	75.36%	461.37%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	539.68	574.76	612.11	651.90	694.28	739.40	761.59
Payout Ratio	19.42%	33.54%	47.65%	61.77%	75.88%	90.00%	92.50%
Projected Dividends (M)	104.82	192.76	291.70	402.67	526.85	665.46	704.47

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	8.00%	8.00%	8.00%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	176.81	178.48	180.16
Year 2 PV (M)	245.41	250.08	254.80
Year 3 PV (M)	310.74	319.66	328.75
Year 4 PV (M)	372.91	387.25	402.00
Year 5 PV (M)	432.04	452.90	474.57
PV of Terminal Value (M)	9,147.15	9,588.96	10,047.68
Equity Value (M)	10,685.04	11,177.33	11,687.95
Shares Outstanding (M)	1,221.66	1,221.66	1,221.66
Fair Value	$8.75	$9.15	$9.57
Upside / Downside	-44.11%	-41.54%	-38.87%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 21 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
GATX	GATX Corporation	1.45%	$2.47	28.36%
SF	Stifel Financial Corp.	1.45%	$1.86	30.82%
0HFN.L	Analog Devices, Inc.	1.44%	$3.90	84.88%
HAYN	Haynes International, Inc.	1.44%	$0.88	30.16%
0I58.L	Cummins Inc.	1.43%	$7.42	38.53%
0HRJ.L	CSX Corporation	1.42%	$0.51	33.32%
OLED	Universal Display Corporation	1.42%	$1.73	37.24%
BBW	Build-A-Bear Workshop, Inc.	1.41%	$0.86	19.50%
LBC	Luther Burbank Corporation	1.41%	$0.13	17.07%
SNDR	Schneider National, Inc.	1.41%	$0.38	58.72%
0R13.L	Church & Dwight Co., Inc.	1.40%	$1.16	36.55%
COHN	Cohen & Company Inc.	1.40%	$0.35	48.05%
HLI	Houlihan Lokey, Inc.	1.40%	$2.48	39.81%
PATK	Patrick Industries, Inc.	1.40%	$1.54	44.05%
CXT	Crane NXT, Co.	1.39%	$0.66	24.82%
ESBA	Empire State Realty OP, L.P.	1.39%	$0.09	49.94%
MMS	Maximus, Inc.	1.39%	$1.21	21.54%
WYNN	Wynn Resorts, Limited	1.39%	$1.70	34.98%
ATEN	A10 Networks, Inc.	1.38%	$0.24	34.61%
HYAC	Haymaker Acquisition Corp. III	1.38%	$0.16	37.41%
ISTR	Investar Holding Corporation	1.38%	$0.36	18.11%
MCY	Mercury General Corporation	1.38%	$1.27	16.00%
ACU	Acme United Corporation	1.37%	$0.55	28.31%
DE	Deere & Company	1.36%	$6.34	34.22%
HYAC-UN	Haymaker Acquisition Corp. 4	1.36%	$0.16	37.41%
RTX	RTX Corporation	1.36%	$2.56	52.52%
0HIN.L	Assurant, Inc.	1.35%	$3.22	19.47%
AL	Air Lease Corporation	1.35%	$0.86	9.51%
BGCP	BGC Partners, Inc.	1.34%	$0.06	11.88%
ESRT	Empire State Realty Trust, Inc.	1.34%	$0.09	49.94%
HUM	Humana Inc.	1.34%	$3.55	33.23%
ZEUS	Olympic Steel, Inc.	1.34%	$0.59	50.16%
0K9L.L	Nucor Corporation	1.33%	$2.22	31.04%
BY	Byline Bancorp, Inc.	1.33%	$0.39	13.97%
LPX	Louisiana-Pacific Corporation	1.33%	$1.09	35.19%
OPOF	Old Point Financial Corporation	1.33%	$0.56	32.91%
WSM	Williams-Sonoma, Inc.	1.33%	$2.50	27.85%
RUSHA	Rush Enterprises, Inc.	1.32%	$0.71	21.15%
VLEOX	Value Line Small Cap Opportunities Fund, Inc. Investor Class	1.32%	$0.79	56.29%
0IW7.L	Global Payments Inc.	1.31%	$1.01	13.82%
APO	Apollo Global Management, Inc.	1.31%	$1.92	27.59%
EMP	Entergy Mississippi, Inc. 1M BD 66	1.31%	$0.27	6.72%
NDSN	Nordson Corporation	1.31%	$3.15	36.67%
ROK	Rockwell Automation, Inc.	1.31%	$5.23	68.01%
UMBF	UMB Financial Corporation	1.31%	$1.52	18.87%
0L3I.L	The Charles Schwab Corporation	1.30%	$1.29	28.42%
0R2X.L	Corning Incorporated	1.30%	$1.15	72.69%
EBAY	eBay Inc.	1.30%	$1.13	24.20%
GGG	Graco Inc.	1.30%	$1.07	36.31%
HES	Hess Corporation	1.30%	$1.94	26.90%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Shenzhen Topband Co., Ltd. (002139.SZ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener