DDM Analysis: 002029.SZ

Valuation Snapshot

Stable Growth	$13.68 - $33.50	$20.40
Multi-Stage	$54.12 - $59.74	$56.87
Blended Fair Value	$38.64
Current Price	$8.03
Upside	381.18%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	2.48%	1.23%	0.13	0.01	0.07	0.10	0.11	0.11	0.11	0.11	0.11	0.11
YoY Growth	-	-	2,292.54%	-92.50%	-32.68%	-6.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Dividend Yield	-	-	1.98%	0.09%	1.19%	1.89%	2.08%	2.14%	1.44%	1.23%	1.07%	1.06%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	451.78
(-) Cash Dividends Paid (M)	67.56
(=) Cash Retained (M)	384.21

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	90.36	56.47	33.88
Cash Retained (M)	384.21	384.21	384.21
(-) Cash Required (M)	-90.36	-56.47	-33.88
(=) Excess Retained (M)	293.86	327.74	350.33
(/) Shares Outstanding (M)	679.13	679.13	679.13
(=) Excess Retained per Share	0.43	0.48	0.52
LTM Dividend per Share	0.10	0.10	0.10
(+) Excess Retained per Share	0.43	0.48	0.52
(=) Adjusted Dividend	0.53	0.58	0.62
WACC / Discount Rate	3.09%	3.09%	3.09%
Growth Rate	-0.77%	0.23%	1.23%
Fair Value	$13.68	$20.40	$33.50
Upside / Downside	70.40%	154.10%	317.20%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	451.78	452.83	453.88	454.93	455.99	457.04	470.75
Payout Ratio	14.96%	29.96%	44.97%	59.98%	74.99%	90.00%	92.50%
Projected Dividends (M)	67.56	135.69	204.12	272.88	341.95	411.34	435.45

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	3.09%	3.09%	3.09%
Growth Rate	-0.77%	0.23%	1.23%
Year 1 PV (M)	130.30	131.62	132.93
Year 2 PV (M)	188.25	192.06	195.92
Year 3 PV (M)	241.68	249.06	256.59
Year 4 PV (M)	290.84	302.74	315.00
Year 5 PV (M)	335.98	353.25	371.23
PV of Terminal Value (M)	35,567.34	37,395.96	39,299.03
Equity Value (M)	36,754.39	38,624.69	40,570.70
Shares Outstanding (M)	679.13	679.13	679.13
Fair Value	$54.12	$56.87	$59.74
Upside / Downside	573.97%	608.27%	643.95%

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

Fujian Septwolves Industry Co., Ltd. (002029.SZ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener