DDM Analysis: 600378.SS

Valuation Snapshot

Stable Growth	$194.46 - $229.11	$214.71
Multi-Stage	$392.88 - $431.33	$411.75
Blended Fair Value	$313.23
Current Price	$30.72
Upside	919.61%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	18.34%	31.47%	0.37	0.51	0.25	0.24	0.22	0.16	0.09	0.01	0.01	0.02
YoY Growth	-	-	-27.89%	107.95%	1.37%	11.84%	36.54%	72.87%	1,181.83%	-40.00%	-37.50%	-20.00%
Dividend Yield	-	-	1.38%	1.50%	0.55%	0.64%	0.97%	0.91%	0.76%	0.06%	0.09%	0.14%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	1,434.20
(-) Cash Dividends Paid (M)	497.21
(=) Cash Retained (M)	937.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	286.84	179.28	107.57
Cash Retained (M)	937.00	937.00	937.00
(-) Cash Required (M)	-286.84	-179.28	-107.57
(=) Excess Retained (M)	650.16	757.72	829.43
(/) Shares Outstanding (M)	1,244.96	1,244.96	1,244.96
(=) Excess Retained per Share	0.52	0.61	0.67
LTM Dividend per Share	0.40	0.40	0.40
(+) Excess Retained per Share	0.52	0.61	0.67
(=) Adjusted Dividend	0.92	1.01	1.07
WACC / Discount Rate	-17.85%	-17.85%	-17.85%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$194.46	$214.71	$229.11
Upside / Downside	533.00%	598.91%	645.79%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	1,434.20	1,527.43	1,626.71	1,732.45	1,845.06	1,964.98	2,023.93
Payout Ratio	34.67%	45.73%	56.80%	67.87%	78.93%	90.00%	92.50%
Projected Dividends (M)	497.21	698.56	923.98	1,175.76	1,456.37	1,768.49	1,872.14

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	-17.85%	-17.85%	-17.85%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	842.35	850.33	858.32
Year 2 PV (M)	1,343.51	1,369.10	1,394.93
Year 3 PV (M)	2,061.51	2,120.69	2,180.99
Year 4 PV (M)	3,079.12	3,197.53	3,319.33
Year 5 PV (M)	4,508.64	4,726.41	4,952.51
PV of Terminal Value (M)	477,289.77	500,343.05	524,278.62
Equity Value (M)	489,124.90	512,607.12	536,984.71
Shares Outstanding (M)	1,244.96	1,244.96	1,244.96
Fair Value	$392.88	$411.75	$431.33
Upside / Downside	1,178.92%	1,240.32%	1,304.06%

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

Haohua Chemical Science & Technology Corp., Ltd. (600378.SS)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener