DDM Analysis: 001215.SZ

Valuation Snapshot

Stable Growth	$11.47 - $25.58	$16.57
Multi-Stage	$8.09 - $8.84	$8.46
Blended Fair Value	$12.52
Current Price	$40.22
Upside	-68.88%
Decision	Don't Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017
DPS	86.80%	0.00%	0.23	0.24	0.20	0.07	0.00	0.01	0.00	0.06	0.00	0.00
YoY Growth	-	-	-3.90%	17.08%	194.69%	0.00%	-100.00%	0.00%	-100.00%	0.00%	0.00%	0.00%
Dividend Yield	-	-	0.82%	0.49%	0.27%	0.17%	0.00%	0.04%	0.00%	0.00%	0.00%	0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	55.91
(-) Cash Dividends Paid (M)	2.62
(=) Cash Retained (M)	53.29

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	11.18	6.99	4.19
Cash Retained (M)	53.29	53.29	53.29
(-) Cash Required (M)	-11.18	-6.99	-4.19
(=) Excess Retained (M)	42.11	46.31	49.10
(/) Shares Outstanding (M)	97.06	97.06	97.06
(=) Excess Retained per Share	0.43	0.48	0.51
LTM Dividend per Share	0.03	0.03	0.03
(+) Excess Retained per Share	0.43	0.48	0.51
(=) Adjusted Dividend	0.46	0.50	0.53
WACC / Discount Rate	9.74%	9.74%	9.74%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$11.47	$16.57	$25.58
Upside / Downside	-71.48%	-58.79%	-36.39%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	55.91	59.55	63.42	67.54	71.93	76.61	78.90
Payout Ratio	4.68%	21.75%	38.81%	55.87%	72.94%	90.00%	92.50%
Projected Dividends (M)	2.62	12.95	24.61	37.74	52.46	68.95	72.99

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	9.74%	9.74%	9.74%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	11.69	11.80	11.91
Year 2 PV (M)	20.06	20.44	20.82
Year 3 PV (M)	27.76	28.56	29.37
Year 4 PV (M)	34.84	36.18	37.55
Year 5 PV (M)	41.33	43.32	45.39
PV of Terminal Value (M)	649.17	680.53	713.08
Equity Value (M)	784.84	820.82	858.13
Shares Outstanding (M)	97.06	97.06	97.06
Fair Value	$8.09	$8.46	$8.84
Upside / Downside	-79.89%	-78.97%	-78.02%

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

Zhengzhou Qianweiyangchu Food Co., Ltd. (001215.SZ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener