DDM Analysis: 300724.SZ

Valuation Snapshot

Stable Growth	$1,667.61 - $1,964.73	$1,841.24
Multi-Stage	$1,189.19 - $1,305.31	$1,246.17
Blended Fair Value	$1,543.70
Current Price	$100.72
Upside	1,432.67%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	49.12%	74.37%	1.22	0.23	0.20	0.18	0.24	0.17	0.17	0.11	0.00	0.00
YoY Growth	-	-	435.24%	14.44%	10.81%	-24.01%	43.00%	-4.00%	56.25%	0.00%	0.00%	-100.00%
Dividend Yield	-	-	1.98%	0.37%	0.17%	0.25%	0.22%	0.36%	0.48%	0.54%	0.00%	0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	3,429.06
(-) Cash Dividends Paid (M)	420.02
(=) Cash Retained (M)	3,009.04

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	685.81	428.63	257.18
Cash Retained (M)	3,009.04	3,009.04	3,009.04
(-) Cash Required (M)	-685.81	-428.63	-257.18
(=) Excess Retained (M)	2,323.23	2,580.41	2,751.86
(/) Shares Outstanding (M)	347.10	347.10	347.10
(=) Excess Retained per Share	6.69	7.43	7.93
LTM Dividend per Share	1.21	1.21	1.21
(+) Excess Retained per Share	6.69	7.43	7.93
(=) Adjusted Dividend	7.90	8.64	9.14
WACC / Discount Rate	1.26%	1.26%	1.26%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$1,667.61	$1,841.24	$1,964.73
Upside / Downside	1,555.69%	1,728.07%	1,850.68%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	3,429.06	3,651.95	3,889.33	4,142.14	4,411.37	4,698.11	4,839.06
Payout Ratio	12.25%	27.80%	43.35%	58.90%	74.45%	90.00%	92.50%
Projected Dividends (M)	420.02	1,015.21	1,686.00	2,439.70	3,284.26	4,228.30	4,476.13

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	1.26%	1.26%	1.26%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	993.16	1,002.58	1,011.99
Year 2 PV (M)	1,613.57	1,644.30	1,675.33
Year 3 PV (M)	2,284.19	2,349.76	2,416.58
Year 4 PV (M)	3,008.15	3,123.83	3,242.82
Year 5 PV (M)	3,788.73	3,971.72	4,161.72
PV of Terminal Value (M)	401,078.88	420,451.14	440,564.82
Equity Value (M)	412,766.67	432,543.33	453,073.26
Shares Outstanding (M)	347.10	347.10	347.10
Fair Value	$1,189.19	$1,246.17	$1,305.31
Upside / Downside	1,080.69%	1,137.26%	1,195.98%

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

Shenzhen S.C New Energy Technology Corporation (300724.SZ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener