DDM Analysis: 002126.SZ

Valuation Snapshot

Stable Growth	$32.03 - $167.17	$57.71
Multi-Stage	$19.05 - $20.83	$19.92
Blended Fair Value	$38.82
Current Price	$41.36
Upside	-6.15%
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	7.95%	10.95%	0.19	0.16	0.16	0.14	0.16	0.13	0.14	0.09	0.08	0.07
YoY Growth	-	-	13.16%	0.13%	20.45%	-12.56%	22.85%	-8.36%	62.09%	8.09%	21.19%	-0.97%
Dividend Yield	-	-	0.67%	0.89%	1.15%	1.48%	1.58%	1.55%	1.55%	0.92%	0.88%	0.87%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	851.08
(-) Cash Dividends Paid (M)	154.84
(=) Cash Retained (M)	696.25

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	170.22	106.39	63.83
Cash Retained (M)	696.25	696.25	696.25
(-) Cash Required (M)	-170.22	-106.39	-63.83
(=) Excess Retained (M)	526.03	589.86	632.41
(/) Shares Outstanding (M)	868.05	868.05	868.05
(=) Excess Retained per Share	0.61	0.68	0.73
LTM Dividend per Share	0.18	0.18	0.18
(+) Excess Retained per Share	0.61	0.68	0.73
(=) Adjusted Dividend	0.78	0.86	0.91
WACC / Discount Rate	8.08%	8.08%	8.08%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$32.03	$57.71	$167.17
Upside / Downside	-22.55%	39.53%	304.19%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	851.08	906.40	965.32	1,028.07	1,094.89	1,166.06	1,201.04
Payout Ratio	18.19%	32.55%	46.92%	61.28%	75.64%	90.00%	92.50%
Projected Dividends (M)	154.84	295.07	452.89	629.97	828.16	1,049.45	1,110.96

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	8.08%	8.08%	8.08%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	270.44	273.01	275.57
Year 2 PV (M)	380.43	387.68	394.99
Year 3 PV (M)	485.01	498.94	513.12
Year 4 PV (M)	584.38	606.85	629.96
Year 5 PV (M)	678.71	711.49	745.53
PV of Terminal Value (M)	14,134.65	14,817.36	15,526.20
Equity Value (M)	16,533.63	17,295.33	18,085.38
Shares Outstanding (M)	868.05	868.05	868.05
Fair Value	$19.05	$19.92	$20.83
Upside / Downside	-53.95%	-51.83%	-49.63%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 25 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
MDC	M.D.C. Holdings, Inc.	0.86%	$0.54	55.94%
AXP	American Express Company	0.85%	$3.17	20.85%
FOXA	Fox Corporation	0.85%	$0.62	13.96%
LMST	Limestone Bancorp, Inc.	0.85%	$0.20	8.06%
RCL	Royal Caribbean Cruises Ltd.	0.85%	$2.41	16.19%
AZZ	AZZ Inc.	0.84%	$0.92	8.89%
HIBB	Hibbett, Inc.	0.84%	$0.74	9.00%
MAR	Marriott International, Inc.	0.84%	$2.62	27.38%
MORN	Morningstar, Inc.	0.84%	$1.77	20.03%
SGH	SMART Global Holdings, Inc.	0.84%	$0.14	30.96%
URI	United Rentals, Inc.	0.84%	$7.13	18.10%
0HYJ.L	Cintas Corporation	0.83%	$1.54	34.15%
EFX	Equifax Inc.	0.83%	$1.78	33.46%
GM	General Motors Company	0.82%	$0.66	21.22%
KVSA	Khosla Ventures Acquisition Co.	0.81%	$0.09	9.61%
WMT	Walmart Inc.	0.81%	$0.91	31.92%
BMI	Badger Meter, Inc.	0.80%	$1.41	30.10%
FRD	Friedman Industries, Incorporated	0.80%	$0.16	9.82%
ITT	ITT Inc.	0.80%	$1.40	22.66%
MLI	Mueller Industries, Inc.	0.80%	$0.94	13.89%
SSSSL	SuRo Capital Corp. 6.00% Notes due 2026	0.80%	$0.20	8.46%
RGLD	Royal Gold, Inc.	0.79%	$1.75	24.00%
VRSK	Verisk Analytics, Inc.	0.79%	$1.74	26.41%
COF	Capital One Financial Corporation	0.78%	$1.94	87.57%
EE	Excelerate Energy, Inc.	0.78%	$0.22	9.21%
0K36.L	Moody's Corporation	0.77%	$3.82	30.70%
HCI	HCI Group, Inc.	0.77%	$1.42	9.00%
PH	Parker-Hannifin Corporation	0.77%	$6.85	24.15%
SEI	Solaris Energy Infrastructure, Inc.	0.77%	$0.39	44.96%
0HQN.L	Cboe Global Markets, Inc.	0.76%	$1.90	20.31%
ASIC	Ategrity Specialty Holdings LLC	0.76%	$0.15	12.77%
GL	Globe Life Inc.	0.75%	$1.03	7.35%
0KYY.L	S&P Global Inc.	0.74%	$3.81	28.09%
PHM	PulteGroup, Inc.	0.74%	$0.89	6.67%
ROP	Roper Technologies, Inc.	0.74%	$3.20	22.09%
ZWS	Zurn Elkay Water Solutions Corporation	0.74%	$0.35	30.63%
JOE	The St. Joe Company	0.73%	$0.43	24.05%
TOL	Toll Brothers, Inc.	0.73%	$0.99	7.16%
TTEK	Tetra Tech, Inc.	0.73%	$0.25	26.25%
0HCB.L	Alcoa Corporation	0.72%	$0.40	9.08%
A	Agilent Technologies, Inc.	0.72%	$0.99	21.64%
FCFS	FirstCash Holdings, Inc	0.72%	$1.13	16.40%
TRAK	ReposiTrak, Inc.	0.72%	$0.09	22.94%
BKNG	Booking Holdings Inc.	0.71%	$37.78	24.39%
PGC	Peapack-Gladstone Financial Corporation	0.71%	$0.20	10.22%
ASO	Academy Sports and Outdoors, Inc.	0.70%	$0.37	6.63%
BRO	Brown & Brown, Inc.	0.70%	$0.54	18.02%
INTU	Intuit Inc.	0.70%	$4.39	29.97%
MSFT	Microsoft Corporation	0.70%	$3.31	23.52%
NCR	NCR Corporation	0.70%	$0.11	1.70%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Zhejiang Yinlun Machinery Co.,Ltd. (002126.SZ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener