DDM Analysis: 000922.SZ

Valuation Snapshot

Stable Growth	$66.02 - $77.78	$72.89
Multi-Stage	$45.45 - $49.88	$47.62
Blended Fair Value	$60.26
Current Price	$12.10
Upside	398.01%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	0.00%	20.09%	0.25	0.16	0.12	0.15	0.06	0.00	0.00	0.00	0.00	0.00
YoY Growth	-	-	54.56%	35.77%	-21.77%	140.07%	0.00%	0.00%	0.00%	0.00%	0.00%	-100.00%
Dividend Yield	-	-	2.24%	1.31%	1.04%	1.81%	0.67%	0.00%	0.00%	0.00%	0.00%	0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	245.98
(-) Cash Dividends Paid (M)	95.23
(=) Cash Retained (M)	150.75

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	49.20	30.75	18.45
Cash Retained (M)	150.75	150.75	150.75
(-) Cash Required (M)	-49.20	-30.75	-18.45
(=) Excess Retained (M)	101.55	120.00	132.30
(/) Shares Outstanding (M)	628.91	628.91	628.91
(=) Excess Retained per Share	0.16	0.19	0.21
LTM Dividend per Share	0.15	0.15	0.15
(+) Excess Retained per Share	0.16	0.19	0.21
(=) Adjusted Dividend	0.31	0.34	0.36
WACC / Discount Rate	2.08%	2.08%	2.08%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$66.02	$72.89	$77.78
Upside / Downside	445.63%	502.44%	542.84%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	245.98	261.97	279.00	297.13	316.44	337.01	347.12
Payout Ratio	38.72%	48.97%	59.23%	69.49%	79.74%	90.00%	92.50%
Projected Dividends (M)	95.23	128.29	165.25	206.47	252.34	303.31	321.09

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	2.08%	2.08%	2.08%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	124.50	125.68	126.86
Year 2 PV (M)	155.61	158.58	161.57
Year 3 PV (M)	188.68	194.09	199.61
Year 4 PV (M)	223.78	232.39	241.24
Year 5 PV (M)	261.02	273.63	286.72
PV of Terminal Value (M)	27,632.21	28,966.86	30,352.58
Equity Value (M)	28,585.80	29,951.22	31,368.58
Shares Outstanding (M)	628.91	628.91	628.91
Fair Value	$45.45	$47.62	$49.88
Upside / Downside	275.64%	293.59%	312.21%

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

Harbin Electric Corporation Jiamusi Electric Machine CO.,Ltd (000922.SZ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener