DDM Analysis: 301161.SZ

Valuation Snapshot

Stable Growth	$95.77 - $113.00	$105.82
Multi-Stage	$161.90 - $178.97	$170.26
Blended Fair Value	$138.04
Current Price	$38.03
Upside	262.99%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017
DPS	-0.33%	0.00%	0.44	0.17	0.04	0.06	0.20	0.44	0.09	0.01	0.00	0.00
YoY Growth	-	-	154.63%	343.52%	-33.24%	-70.34%	-56.01%	393.06%	1,549.45%	0.00%	0.00%	0.00%
Dividend Yield	-	-	1.99%	0.97%	0.16%	0.21%	0.70%	1.58%	0.00%	0.00%	0.00%	0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	72.59
(-) Cash Dividends Paid (M)	39.35
(=) Cash Retained (M)	33.24

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	14.52	9.07	5.44
Cash Retained (M)	33.24	33.24	33.24
(-) Cash Required (M)	-14.52	-9.07	-5.44
(=) Excess Retained (M)	18.72	24.17	27.80
(/) Shares Outstanding (M)	118.84	118.84	118.84
(=) Excess Retained per Share	0.16	0.20	0.23
LTM Dividend per Share	0.33	0.33	0.33
(+) Excess Retained per Share	0.16	0.20	0.23
(=) Adjusted Dividend	0.49	0.53	0.56
WACC / Discount Rate	-19.68%	-19.68%	-19.68%
Growth Rate	-2.00%	-1.00%	0.00%
Fair Value	$95.77	$105.82	$113.00
Upside / Downside	151.84%	178.26%	197.13%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	72.59	71.86	71.14	70.43	69.73	69.03	71.10
Payout Ratio	54.21%	61.36%	68.52%	75.68%	82.84%	90.00%	92.50%
Projected Dividends (M)	39.35	44.10	48.75	53.30	57.76	62.13	65.77

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	-19.68%	-19.68%	-19.68%
Growth Rate	-2.00%	-1.00%	0.00%
Year 1 PV (M)	54.35	54.90	55.46
Year 2 PV (M)	74.05	75.57	77.10
Year 3 PV (M)	99.79	102.88	106.02
Year 4 PV (M)	133.27	138.80	144.49
Year 5 PV (M)	176.67	185.87	195.44
PV of Terminal Value (M)	18,702.10	19,675.96	20,689.98
Equity Value (M)	19,240.23	20,233.97	21,268.50
Shares Outstanding (M)	118.84	118.84	118.84
Fair Value	$161.90	$170.26	$178.97
Upside / Downside	325.72%	347.71%	370.60%

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

Voneseals Technology (Shanghai) Inc. (301161.SZ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener