DDM Analysis: 300726.SZ

Valuation Snapshot

Stable Growth	$141.34 - $166.52	$156.05
Multi-Stage	$117.13 - $128.50	$122.71
Blended Fair Value	$139.38
Current Price	$39.55
Upside	252.41%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	4.39%	57.07%	0.30	0.50	0.60	0.16	0.29	0.24	0.10	0.10	0.00	0.01
YoY Growth	-	-	-39.80%	-16.67%	286.00%	-46.67%	20.00%	150.00%	-0.77%	41,659.81%	-95.40%	54.57%
Dividend Yield	-	-	0.79%	2.08%	1.32%	0.23%	0.41%	1.00%	0.46%	0.26%	0.00%	0.03%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	344.84
(-) Cash Dividends Paid (M)	258.55
(=) Cash Retained (M)	86.28

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	68.97	43.10	25.86
Cash Retained (M)	86.28	86.28	86.28
(-) Cash Required (M)	-68.97	-43.10	-25.86
(=) Excess Retained (M)	17.32	43.18	60.42
(/) Shares Outstanding (M)	411.84	411.84	411.84
(=) Excess Retained per Share	0.04	0.10	0.15
LTM Dividend per Share	0.63	0.63	0.63
(+) Excess Retained per Share	0.04	0.10	0.15
(=) Adjusted Dividend	0.67	0.73	0.77
WACC / Discount Rate	-1.55%	-1.55%	-1.55%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$141.34	$156.05	$166.52
Upside / Downside	257.36%	294.57%	321.04%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	344.84	367.25	391.12	416.55	443.62	472.46	486.63
Payout Ratio	74.98%	77.98%	80.99%	83.99%	87.00%	90.00%	92.50%
Projected Dividends (M)	258.55	286.39	316.76	349.86	385.93	425.21	450.13

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	-1.55%	-1.55%	-1.55%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	288.18	290.91	293.65
Year 2 PV (M)	320.73	326.84	333.00
Year 3 PV (M)	356.46	366.69	377.12
Year 4 PV (M)	395.67	410.88	426.53
Year 5 PV (M)	438.66	459.85	481.85
PV of Terminal Value (M)	46,437.08	48,680.01	51,008.78
Equity Value (M)	48,236.78	50,535.18	52,920.93
Shares Outstanding (M)	411.84	411.84	411.84
Fair Value	$117.13	$122.71	$128.50
Upside / Downside	196.14%	210.26%	224.90%

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

Zhuzhou Hongda Electronics Corp.,Ltd. (300726.SZ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener