DDM Analysis: 8476.HK

Valuation Snapshot

Stable Growth	$2.06 - $3.69	$2.75
Multi-Stage	$2.54 - $2.79	$2.66
Blended Fair Value	$2.71
Current Price	$2.81
Upside	-3.68%
Decision	Don't Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	8.18%	0.00%	0.04	0.04	0.03	0.03	0.02	0.03	0.02	0.00	0.04	0.05
YoY Growth	-	-	0.00%	21.21%	32.00%	13.64%	-18.52%	22.73%	0.00%	-100.00%	-20.63%	0.00%
Dividend Yield	-	-	1.42%	1.92%	4.40%	3.25%	2.68%	3.65%	2.93%	0.00%	2.90%	3.66%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	41.62
(-) Cash Dividends Paid (M)	11.20
(=) Cash Retained (M)	30.42

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	8.32	5.20	3.12
Cash Retained (M)	30.42	30.42	30.42
(-) Cash Required (M)	-8.32	-5.20	-3.12
(=) Excess Retained (M)	22.09	25.21	27.29
(/) Shares Outstanding (M)	280.00	280.00	280.00
(=) Excess Retained per Share	0.08	0.09	0.10
LTM Dividend per Share	0.04	0.04	0.04
(+) Excess Retained per Share	0.08	0.09	0.10
(=) Adjusted Dividend	0.12	0.13	0.14
WACC / Discount Rate	7.99%	7.99%	7.99%
Growth Rate	2.11%	3.11%	4.11%
Fair Value	$2.06	$2.75	$3.69
Upside / Downside	-26.51%	-2.20%	31.29%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	41.62	42.91	44.24	45.62	47.04	48.50	49.96
Payout Ratio	26.91%	39.53%	52.15%	64.77%	77.38%	90.00%	92.50%
Projected Dividends (M)	11.20	16.96	23.07	29.55	36.40	43.65	46.21

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	7.99%	7.99%	7.99%
Growth Rate	2.11%	3.11%	4.11%
Year 1 PV (M)	15.56	15.71	15.86
Year 2 PV (M)	19.40	19.78	20.17
Year 3 PV (M)	22.79	23.46	24.15
Year 4 PV (M)	25.74	26.77	27.82
Year 5 PV (M)	28.31	29.72	31.19
PV of Terminal Value (M)	600.74	630.74	661.92
Equity Value (M)	712.54	746.18	781.12
Shares Outstanding (M)	280.00	280.00	280.00
Fair Value	$2.54	$2.66	$2.79
Upside / Downside	-9.44%	-5.16%	-0.72%

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

Ocean One Holding Ltd. (8476.HK)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener