DDM Analysis: 003017.SZ

Valuation Snapshot

Stable Growth	$190.93 - $224.95	$210.81
Multi-Stage	$329.97 - $362.25	$345.81
Blended Fair Value	$278.31
Current Price	$32.39
Upside	759.24%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	12.25%	8.55%	0.52	0.52	0.48	0.47	0.17	0.29	0.29	0.33	0.28	0.11
YoY Growth	-	-	0.24%	9.08%	1.97%	172.28%	-41.29%	2.40%	-14.21%	20.90%	142.84%	-50.59%
Dividend Yield	-	-	2.49%	2.72%	2.22%	1.65%	0.53%	0.99%	0.96%	1.12%	0.93%	0.38%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	92.52
(-) Cash Dividends Paid (M)	29.89
(=) Cash Retained (M)	62.63

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	18.50	11.56	6.94
Cash Retained (M)	62.63	62.63	62.63
(-) Cash Required (M)	-18.50	-11.56	-6.94
(=) Excess Retained (M)	44.13	51.07	55.69
(/) Shares Outstanding (M)	81.79	81.79	81.79
(=) Excess Retained per Share	0.54	0.62	0.68
LTM Dividend per Share	0.37	0.37	0.37
(+) Excess Retained per Share	0.54	0.62	0.68
(=) Adjusted Dividend	0.90	0.99	1.05
WACC / Discount Rate	-15.23%	-15.23%	-15.23%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$190.93	$210.81	$224.95
Upside / Downside	489.47%	550.84%	594.49%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	92.52	98.53	104.94	111.76	119.02	126.76	130.56
Payout Ratio	32.30%	43.84%	55.38%	66.92%	78.46%	90.00%	92.50%
Projected Dividends (M)	29.89	43.20	58.12	74.79	93.38	114.08	120.77

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	-15.23%	-15.23%	-15.23%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	50.48	50.96	51.44
Year 2 PV (M)	79.36	80.87	82.40
Year 3 PV (M)	119.35	122.77	126.27
Year 4 PV (M)	174.15	180.84	187.73
Year 5 PV (M)	248.61	260.62	273.09
PV of Terminal Value (M)	26,318.10	27,589.27	28,909.10
Equity Value (M)	26,990.05	28,285.34	29,630.02
Shares Outstanding (M)	81.79	81.79	81.79
Fair Value	$329.97	$345.81	$362.25
Upside / Downside	918.75%	967.64%	1,018.40%

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

Zhejiang Dayang Biology Technology Co.,Ltd. (003017.SZ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener