DDM Analysis: 300962.SZ

Valuation Snapshot

Stable Growth	$65.71 - $77.41	$72.55
Multi-Stage	$47.05 - $51.63	$49.29
Blended Fair Value	$60.92
Current Price	$16.64
Upside	266.11%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	6.16%	22.84%	0.26	0.28	0.25	0.15	0.23	0.19	0.17	0.02	0.10	0.03
YoY Growth	-	-	-6.32%	11.94%	68.43%	-35.47%	18.30%	15.77%	698.80%	-78.45%	227.99%	-11.26%
Dividend Yield	-	-	1.71%	1.79%	1.52%	0.87%	0.66%	0.56%	0.00%	0.00%	0.28%	0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	102.79
(-) Cash Dividends Paid (M)	35.85
(=) Cash Retained (M)	66.94

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	20.56	12.85	7.71
Cash Retained (M)	66.94	66.94	66.94
(-) Cash Required (M)	-20.56	-12.85	-7.71
(=) Excess Retained (M)	46.38	54.09	59.23
(/) Shares Outstanding (M)	264.06	264.06	264.06
(=) Excess Retained per Share	0.18	0.20	0.22
LTM Dividend per Share	0.14	0.14	0.14
(+) Excess Retained per Share	0.18	0.20	0.22
(=) Adjusted Dividend	0.31	0.34	0.36
WACC / Discount Rate	1.26%	1.26%	1.26%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$65.71	$72.55	$77.41
Upside / Downside	294.87%	335.98%	365.22%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	102.79	109.47	116.58	124.16	132.23	140.83	145.05
Payout Ratio	34.88%	45.90%	56.93%	67.95%	78.98%	90.00%	92.50%
Projected Dividends (M)	35.85	50.25	66.37	84.37	104.43	126.74	134.17

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	1.26%	1.26%	1.26%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	49.16	49.62	50.09
Year 2 PV (M)	63.52	64.72	65.95
Year 3 PV (M)	78.99	81.26	83.57
Year 4 PV (M)	95.65	99.33	103.11
Year 5 PV (M)	113.56	119.05	124.74
PV of Terminal Value (M)	12,022.03	12,602.70	13,205.59
Equity Value (M)	12,422.90	13,016.68	13,633.05
Shares Outstanding (M)	264.06	264.06	264.06
Fair Value	$47.05	$49.29	$51.63
Upside / Downside	182.73%	196.24%	210.27%

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

Zhongjin Irradiation Incorporated Company (300962.SZ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener