DDM Analysis: 300932.SZ

Valuation Snapshot

Stable Growth	$6.99 - $18.00	$10.59
Multi-Stage	$8.07 - $8.84	$8.45
Blended Fair Value	$9.52
Current Price	$11.03
Upside	-13.70%
Decision	Don't Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	44.01%	0.00%	0.23	0.10	0.16	0.18	0.02	0.04	0.06	0.06	0.06	0.00
YoY Growth	-	-	135.31%	-39.33%	-14.29%	659.30%	-33.33%	-35.73%	-2.12%	-2.03%	0.00%	0.00%
Dividend Yield	-	-	2.03%	1.43%	1.75%	1.68%	0.17%	0.17%	0.00%	0.00%	0.00%	0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	74.74
(-) Cash Dividends Paid (M)	63.14
(=) Cash Retained (M)	11.61

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	14.95	9.34	5.61
Cash Retained (M)	11.61	11.61	11.61
(-) Cash Required (M)	-14.95	-9.34	-5.61
(=) Excess Retained (M)	-3.34	2.26	6.00
(/) Shares Outstanding (M)	238.89	238.89	238.89
(=) Excess Retained per Share	-0.01	0.01	0.03
LTM Dividend per Share	0.26	0.26	0.26
(+) Excess Retained per Share	-0.01	0.01	0.03
(=) Adjusted Dividend	0.25	0.27	0.29
WACC / Discount Rate	6.66%	6.66%	6.66%
Growth Rate	2.97%	3.97%	4.97%
Fair Value	$6.99	$10.59	$18.00
Upside / Downside	-36.63%	-3.98%	63.21%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	74.74	77.71	80.80	84.00	87.34	90.81	93.53
Payout Ratio	84.47%	85.58%	86.68%	87.79%	88.89%	90.00%	92.50%
Projected Dividends (M)	63.14	66.51	70.04	73.75	77.64	81.73	86.52

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.66%	6.66%	6.66%
Growth Rate	2.97%	3.97%	4.97%
Year 1 PV (M)	61.75	62.35	62.95
Year 2 PV (M)	60.39	61.57	62.76
Year 3 PV (M)	59.04	60.78	62.55
Year 4 PV (M)	57.72	60.00	62.34
Year 5 PV (M)	56.42	59.21	62.11
PV of Terminal Value (M)	1,633.12	1,713.97	1,798.00
Equity Value (M)	1,928.45	2,017.89	2,110.72
Shares Outstanding (M)	238.89	238.89	238.89
Fair Value	$8.07	$8.45	$8.84
Upside / Downside	-26.81%	-23.42%	-19.90%

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

Sanyou Corporation Limited (300932.SZ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener