DDM Analysis: 000568.SZ

Valuation Snapshot

Stable Growth	$527.99 - $1,711.42	$1,603.85
Multi-Stage	$223.35 - $244.55	$233.76
Blended Fair Value	$918.80
Current Price	$131.92
Upside	596.49%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	28.13%	16.43%	5.62	4.44	3.35	2.16	1.65	1.63	1.30	0.94	0.80	0.83
YoY Growth	-	-	26.40%	32.88%	55.09%	31.02%	1.18%	25.04%	37.78%	18.09%	-3.20%	-32.69%
Dividend Yield	-	-	4.33%	2.32%	1.31%	1.16%	0.73%	2.21%	1.93%	1.66%	1.90%	3.35%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	12,642.34
(-) Cash Dividends Paid (M)	2,188.31
(=) Cash Retained (M)	10,454.03

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	2,528.47	1,580.29	948.18
Cash Retained (M)	10,454.03	10,454.03	10,454.03
(-) Cash Required (M)	-2,528.47	-1,580.29	-948.18
(=) Excess Retained (M)	7,925.56	8,873.74	9,505.85
(/) Shares Outstanding (M)	1,469.10	1,469.10	1,469.10
(=) Excess Retained per Share	5.39	6.04	6.47
LTM Dividend per Share	1.49	1.49	1.49
(+) Excess Retained per Share	5.39	6.04	6.47
(=) Adjusted Dividend	6.88	7.53	7.96
WACC / Discount Rate	6.88%	6.88%	6.88%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$527.99	$1,603.85	$1,711.42
Upside / Downside	300.23%	1,115.78%	1,197.32%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	12,642.34	13,464.09	14,339.26	15,271.31	16,263.94	17,321.10	17,840.73
Payout Ratio	17.31%	31.85%	46.39%	60.92%	75.46%	90.00%	92.50%
Projected Dividends (M)	2,188.31	4,287.98	6,651.36	9,303.86	12,273.08	15,588.99	16,502.68

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.88%	6.88%	6.88%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	3,974.45	4,012.12	4,049.79
Year 2 PV (M)	5,714.24	5,823.08	5,932.95
Year 3 PV (M)	7,408.59	7,621.27	7,837.97
Year 4 PV (M)	9,058.38	9,406.74	9,765.05
Year 5 PV (M)	10,664.47	11,179.57	11,714.38
PV of Terminal Value (M)	291,296.68	305,366.42	319,974.64
Equity Value (M)	328,116.81	343,409.20	359,274.79
Shares Outstanding (M)	1,469.10	1,469.10	1,469.10
Fair Value	$223.35	$233.76	$244.55
Upside / Downside	69.30%	77.19%	85.38%

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

Luzhou Laojiao Co.,Ltd. (000568.SZ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener