DDM Analysis: 301018.SZ

Valuation Snapshot

Stable Growth	$11.84 - $36.23	$18.88
Multi-Stage	$7.85 - $8.58	$8.21
Blended Fair Value	$13.54
Current Price	$71.31
Upside	-81.01%
Decision	Don't Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	5.84%	3.61%	0.25	0.29	0.24	0.23	0.22	0.19	0.19	0.16	0.15	0.13
YoY Growth	-	-	-14.23%	20.47%	4.88%	6.47%	15.11%	-3.23%	19.96%	5.01%	20.63%	-27.02%
Dividend Yield	-	-	0.63%	1.12%	0.61%	0.91%	0.76%	0.66%	0.00%	0.00%	0.00%	0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	122.78
(-) Cash Dividends Paid (M)	36.04
(=) Cash Retained (M)	86.75

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	24.56	15.35	9.21
Cash Retained (M)	86.75	86.75	86.75
(-) Cash Required (M)	-24.56	-15.35	-9.21
(=) Excess Retained (M)	62.19	71.40	77.54
(/) Shares Outstanding (M)	269.04	269.04	269.04
(=) Excess Retained per Share	0.23	0.27	0.29
LTM Dividend per Share	0.13	0.13	0.13
(+) Excess Retained per Share	0.23	0.27	0.29
(=) Adjusted Dividend	0.37	0.40	0.42
WACC / Discount Rate	8.75%	8.75%	8.75%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$11.84	$18.88	$36.23
Upside / Downside	-83.39%	-73.52%	-49.19%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	122.78	130.76	139.26	148.32	157.96	168.22	173.27
Payout Ratio	29.35%	41.48%	53.61%	65.74%	77.87%	90.00%	92.50%
Projected Dividends (M)	36.04	54.24	74.66	97.50	123.00	151.40	160.28

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	8.75%	8.75%	8.75%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	49.41	49.88	50.34
Year 2 PV (M)	61.95	63.13	64.32
Year 3 PV (M)	73.69	75.81	77.96
Year 4 PV (M)	84.68	87.93	91.28
Year 5 PV (M)	94.94	99.53	104.29
PV of Terminal Value (M)	1,747.11	1,831.50	1,919.11
Equity Value (M)	2,111.77	2,207.76	2,307.30
Shares Outstanding (M)	269.04	269.04	269.04
Fair Value	$7.85	$8.21	$8.58
Upside / Downside	-88.99%	-88.49%	-87.97%

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

Guangdong Shenling Environmental Systems Co., Ltd. (301018.SZ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener