DDM Analysis: 002937.SZ

Valuation Snapshot

Stable Growth	$89.71 - $105.70	$99.05
Multi-Stage	$70.05 - $76.86	$73.39
Blended Fair Value	$86.22
Current Price	$19.14
Upside	350.49%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	14.22%	10.41%	0.37	0.26	0.18	0.18	0.12	0.19	0.16	0.15	0.10	0.10
YoY Growth	-	-	41.83%	40.63%	1.88%	49.49%	-36.00%	15.09%	11.67%	43.31%	1.14%	-25.65%
Dividend Yield	-	-	1.88%	1.17%	0.72%	1.20%	0.91%	1.43%	0.74%	1.65%	0.00%	0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	154.60
(-) Cash Dividends Paid (M)	88.57
(=) Cash Retained (M)	66.04

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	30.92	19.33	11.60
Cash Retained (M)	66.04	66.04	66.04
(-) Cash Required (M)	-30.92	-19.33	-11.60
(=) Excess Retained (M)	35.12	46.71	54.44
(/) Shares Outstanding (M)	290.90	290.90	290.90
(=) Excess Retained per Share	0.12	0.16	0.19
LTM Dividend per Share	0.30	0.30	0.30
(+) Excess Retained per Share	0.12	0.16	0.19
(=) Adjusted Dividend	0.43	0.47	0.49
WACC / Discount Rate	-0.42%	-0.42%	-0.42%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$89.71	$99.05	$105.70
Upside / Downside	368.72%	417.52%	452.23%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	154.60	164.65	175.36	186.75	198.89	211.82	218.18
Payout Ratio	57.29%	63.83%	70.37%	76.91%	83.46%	90.00%	92.50%
Projected Dividends (M)	88.57	105.10	123.40	143.64	165.99	190.64	201.81

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	-0.42%	-0.42%	-0.42%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	104.55	105.54	106.53
Year 2 PV (M)	122.12	124.45	126.79
Year 3 PV (M)	141.41	145.47	149.61
Year 4 PV (M)	162.56	168.82	175.25
Year 5 PV (M)	185.73	194.70	204.02
PV of Terminal Value (M)	19,661.81	20,611.48	21,597.50
Equity Value (M)	20,378.18	21,350.45	22,359.69
Shares Outstanding (M)	290.90	290.90	290.90
Fair Value	$70.05	$73.39	$76.86
Upside / Downside	266.00%	283.46%	301.59%

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

Ningbo Sunrise Elc Technology Co.,Ltd (002937.SZ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener