DDM Analysis: 0966.HK

Valuation Snapshot

Stable Growth	$67.19 - $127.73	$91.61
Multi-Stage	$97.87 - $107.50	$102.59
Blended Fair Value	$97.10
Current Price	$15.30
Upside	534.65%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	47.12%	0.00%	0.69	0.26	0.46	0.40	0.30	0.10	0.10	0.12	0.07	0.07
YoY Growth	-	-	165.05%	-43.48%	15.00%	33.33%	200.00%	0.00%	-14.24%	64.86%	0.31%	0.00%
Dividend Yield	-	-	5.93%	3.87%	4.73%	3.74%	2.15%	0.52%	0.47%	0.40%	0.44%	0.29%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	15,664.82
(-) Cash Dividends Paid (M)	3,411.16
(=) Cash Retained (M)	12,253.66

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	3,132.96	1,958.10	1,174.86
Cash Retained (M)	12,253.66	12,253.66	12,253.66
(-) Cash Required (M)	-3,132.96	-1,958.10	-1,174.86
(=) Excess Retained (M)	9,120.70	10,295.56	11,078.80
(/) Shares Outstanding (M)	3,594.02	3,594.02	3,594.02
(=) Excess Retained per Share	2.54	2.86	3.08
LTM Dividend per Share	0.95	0.95	0.95
(+) Excess Retained per Share	2.54	2.86	3.08
(=) Adjusted Dividend	3.49	3.81	4.03
WACC / Discount Rate	6.73%	6.73%	6.73%
Growth Rate	1.47%	2.47%	3.47%
Fair Value	$67.19	$91.61	$127.73
Upside / Downside	339.14%	498.74%	734.84%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	15,664.82	16,051.43	16,447.58	16,853.51	17,269.45	17,695.66	18,226.53
Payout Ratio	21.78%	35.42%	49.07%	62.71%	76.36%	90.00%	92.50%
Projected Dividends (M)	3,411.16	5,685.53	8,070.09	10,568.90	13,186.12	15,926.10	16,859.54

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.73%	6.73%	6.73%
Growth Rate	1.47%	2.47%	3.47%
Year 1 PV (M)	5,274.84	5,326.83	5,378.82
Year 2 PV (M)	6,946.33	7,083.93	7,222.87
Year 3 PV (M)	8,440.05	8,692.06	8,949.03
Year 4 PV (M)	9,769.47	10,160.33	10,562.80
Year 5 PV (M)	10,947.17	11,497.35	12,069.43
PV of Terminal Value (M)	310,368.35	325,966.69	342,185.97
Equity Value (M)	351,746.23	368,727.19	386,368.91
Shares Outstanding (M)	3,594.02	3,594.02	3,594.02
Fair Value	$97.87	$102.59	$107.50
Upside / Downside	539.67%	570.55%	602.64%

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

Analysis Mode

Ticker

Industry

Sector

China Taiping Insurance Holdings Company Limited (0966.HK)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener