DDM Analysis: 300346.SZ

Valuation Snapshot

Stable Growth	$9.72 - $21.61	$14.03
Multi-Stage	$7.06 - $7.71	$7.38
Blended Fair Value	$10.70
Current Price	$43.42
Upside	-75.35%
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	16.40%	11.26%	0.09	0.10	0.06	0.04	0.03	0.04	0.03	0.02	0.03	0.03
YoY Growth	-	-	-10.44%	82.40%	43.87%	33.25%	-31.77%	41.67%	100.00%	-40.00%	-20.00%	0.00%
Dividend Yield	-	-	0.31%	0.40%	0.19%	0.13%	0.13%	0.23%	0.42%	0.18%	0.28%	0.44%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	306.16
(-) Cash Dividends Paid (M)	80.43
(=) Cash Retained (M)	225.73

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	61.23	38.27	22.96
Cash Retained (M)	225.73	225.73	225.73
(-) Cash Required (M)	-61.23	-38.27	-22.96
(=) Excess Retained (M)	164.50	187.46	202.76
(/) Shares Outstanding (M)	624.36	624.36	624.36
(=) Excess Retained per Share	0.26	0.30	0.32
LTM Dividend per Share	0.13	0.13	0.13
(+) Excess Retained per Share	0.26	0.30	0.32
(=) Adjusted Dividend	0.39	0.43	0.45
WACC / Discount Rate	9.76%	9.76%	9.76%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$9.72	$14.03	$21.61
Upside / Downside	-77.61%	-67.68%	-50.23%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	306.16	326.06	347.25	369.82	393.86	419.46	432.04
Payout Ratio	26.27%	39.02%	51.76%	64.51%	77.25%	90.00%	92.50%
Projected Dividends (M)	80.43	127.22	179.74	238.56	304.27	377.51	399.64

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	9.76%	9.76%	9.76%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	114.82	115.91	117.00
Year 2 PV (M)	146.42	149.21	152.02
Year 3 PV (M)	175.40	180.43	185.56
Year 4 PV (M)	201.91	209.67	217.66
Year 5 PV (M)	226.10	237.02	248.36
PV of Terminal Value (M)	3,542.51	3,713.62	3,891.27
Equity Value (M)	4,407.15	4,605.86	4,811.87
Shares Outstanding (M)	624.36	624.36	624.36
Fair Value	$7.06	$7.38	$7.71
Upside / Downside	-83.74%	-83.01%	-82.25%

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

Jiangsu Nata Opto-electronic Material Co., Ltd. (300346.SZ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener