DDM Analysis: 002358.SZ

Valuation Snapshot

Stable Growth	$19.38 - $22.85	$21.41
Multi-Stage	$12.07 - $13.26	$12.65
Blended Fair Value	$17.03
Current Price	$4.94
Upside	244.75%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	-10.71%	2.60%	0.15	0.13	0.12	0.13	0.13	0.26	0.28	0.17	0.16	0.19
YoY Growth	-	-	17.89%	4.15%	-4.86%	-4.84%	-48.95%	-6.92%	63.60%	7.15%	-14.66%	63.57%
Dividend Yield	-	-	2.62%	3.10%	2.49%	4.19%	3.68%	4.41%	1.89%	1.00%	0.75%	1.32%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	101.83
(-) Cash Dividends Paid (M)	76.14
(=) Cash Retained (M)	25.69

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	20.37	12.73	7.64
Cash Retained (M)	25.69	25.69	25.69
(-) Cash Required (M)	-20.37	-12.73	-7.64
(=) Excess Retained (M)	5.32	12.96	18.05
(/) Shares Outstanding (M)	870.00	870.00	870.00
(=) Excess Retained per Share	0.01	0.01	0.02
LTM Dividend per Share	0.09	0.09	0.09
(+) Excess Retained per Share	0.01	0.01	0.02
(=) Adjusted Dividend	0.09	0.10	0.11
WACC / Discount Rate	2.76%	2.76%	2.76%
Growth Rate	3.51%	4.51%	5.51%
Fair Value	$19.38	$21.41	$22.85
Upside / Downside	292.40%	333.33%	362.47%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	101.83	106.42	111.22	116.24	121.49	126.97	130.78
Payout Ratio	74.78%	77.82%	80.87%	83.91%	86.96%	90.00%	92.50%
Projected Dividends (M)	76.14	82.82	89.94	97.54	105.64	114.27	120.97

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	2.76%	2.76%	2.76%
Growth Rate	3.51%	4.51%	5.51%
Year 1 PV (M)	79.82	80.60	81.37
Year 2 PV (M)	83.56	85.18	86.82
Year 3 PV (M)	87.34	89.90	92.50
Year 4 PV (M)	91.18	94.75	98.43
Year 5 PV (M)	95.07	99.75	104.61
PV of Terminal Value (M)	10,063.88	10,559.49	11,074.43
Equity Value (M)	10,500.86	11,009.67	11,538.16
Shares Outstanding (M)	870.00	870.00	870.00
Fair Value	$12.07	$12.65	$13.26
Upside / Downside	144.33%	156.17%	168.47%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 24 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
EXPD	Expeditors International of Washington, Inc.	0.99%	$1.50	24.32%
LISOX	Lazard International Strategic Equity Ptf Open Shares	0.99%	$0.13	36.87%
MXC	Mexco Energy Corporation	0.99%	$0.10	12.25%
NIC	Nicolet Bankshares, Inc.	0.99%	$1.19	12.58%
PAYC	Paycom Software, Inc.	0.99%	$1.51	18.80%
RRC	Range Resources Corporation	0.99%	$0.35	14.60%
WLFC	Willis Lease Finance Corporation	0.99%	$1.32	7.58%
WOR	Worthington Industries, Inc.	0.99%	$0.52	23.95%
CNXN	PC Connection, Inc.	0.98%	$0.56	16.89%
CAT	Caterpillar Inc.	0.97%	$5.78	29.40%
CNK	Cinemark Holdings, Inc.	0.97%	$0.23	18.28%
ECL	Ecolab Inc.	0.97%	$2.54	36.57%
EVR	Evercore Inc.	0.97%	$3.41	27.02%
LSBK	Lake Shore Bancorp, Inc.	0.96%	$0.14	24.34%
0ITL.L	Arthur J. Gallagher & Co.	0.95%	$2.42	39.43%
0IZI.L	W.W. Grainger, Inc.	0.95%	$9.52	26.47%
0L5V.L	The Sherwin-Williams Company	0.95%	$3.11	30.09%
0R2S.L	Stryker Corporation	0.95%	$3.28	43.09%
RRX	Regal Rexnord Corporation	0.95%	$1.39	36.07%
WT	WisdomTree, Inc.	0.95%	$0.12	18.12%
J	Jacobs Solutions Inc.	0.94%	$1.27	53.80%
ORCL	Oracle Corporation	0.94%	$1.84	34.81%
TCBS	Texas Community Bancshares, Inc.	0.94%	$0.17	19.22%
IMKTA	Ingles Markets, Incorporated	0.93%	$0.65	14.68%
ODC	Oil-Dri Corporation of America	0.93%	$0.45	12.28%
PENG	Penguin Solutions, Inc.	0.93%	$0.19	40.17%
SSBK	Southern States Bancshares, Inc.	0.93%	$0.34	9.19%
DAL	Delta Air Lines, Inc.	0.92%	$0.63	8.94%
HIFS	Hingham Institution for Savings	0.92%	$2.49	12.15%
RL	Ralph Lauren Corporation	0.92%	$3.34	24.37%
OPY	Oppenheimer Holdings Inc.	0.91%	$0.66	8.90%
BGC	BGC Group, Inc	0.90%	$0.08	23.56%
CDRE	Cadre Holdings, Inc.	0.90%	$0.37	33.35%
MBNKP	Medallion Bank	0.90%	$0.23	12.50%
JBHT	J.B. Hunt Transport Services, Inc.	0.89%	$1.75	30.14%
NYT	The New York Times Company	0.89%	$0.62	30.32%
RMD	ResMed Inc.	0.89%	$2.18	22.31%
VBFC	Village Bank and Trust Financial Corp.	0.89%	$0.72	15.35%
0I14.L	Cognex Corporation	0.88%	$0.32	49.16%
AR	Antero Resources Corporation	0.88%	$0.30	17.15%
LDOS	Leidos Holdings, Inc.	0.88%	$1.61	14.88%
LMAT	LeMaitre Vascular, Inc.	0.88%	$0.70	32.20%
NNI	Nelnet, Inc.	0.88%	$1.14	9.52%
PFSI	PennyMac Financial Services, Inc.	0.88%	$1.16	12.49%
SMBK	SmartFinancial, Inc.	0.88%	$0.32	11.76%
BYD	Boyd Gaming Corporation	0.87%	$0.75	3.22%
ROST	Ross Stores, Inc.	0.87%	$1.59	24.85%
BBSI	Barrett Business Services, Inc.	0.86%	$0.31	15.02%
BCO	The Brink's Company	0.86%	$1.00	24.81%
HXL	Hexcel Corporation	0.86%	$0.66	77.18%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Henan Senyuan Electric Co., Ltd. (002358.SZ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener