DDM Analysis: 002896.SZ

Valuation Snapshot

Stable Growth	$8.10 - $17.62	$11.60
Multi-Stage	$6.45 - $7.04	$6.74
Blended Fair Value	$9.17
Current Price	$96.53
Upside	-90.50%
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	-5.15%	4.37%	0.08	0.08	0.21	0.22	0.09	0.11	0.12	0.04	0.04	0.05
YoY Growth	-	-	0.73%	-59.77%	-3.35%	152.59%	-22.39%	-6.56%	229.46%	-12.23%	-25.94%	-0.21%
Dividend Yield	-	-	0.13%	0.31%	1.01%	1.89%	0.81%	1.22%	0.73%	0.19%	0.53%	0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	72.82
(-) Cash Dividends Paid (M)	41.12
(=) Cash Retained (M)	31.70

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	14.56	9.10	5.46
Cash Retained (M)	31.70	31.70	31.70
(-) Cash Required (M)	-14.56	-9.10	-5.46
(=) Excess Retained (M)	17.13	22.60	26.24
(/) Shares Outstanding (M)	173.28	173.28	173.28
(=) Excess Retained per Share	0.10	0.13	0.15
LTM Dividend per Share	0.24	0.24	0.24
(+) Excess Retained per Share	0.10	0.13	0.15
(=) Adjusted Dividend	0.34	0.37	0.39
WACC / Discount Rate	9.49%	9.49%	9.49%
Growth Rate	5.12%	6.12%	7.12%
Fair Value	$8.10	$11.60	$17.62
Upside / Downside	-91.61%	-87.98%	-81.75%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	72.82	77.28	82.01	87.04	92.37	98.02	100.96
Payout Ratio	56.47%	63.18%	69.88%	76.59%	83.29%	90.00%	92.50%
Projected Dividends (M)	41.12	48.82	57.31	66.66	76.94	88.22	93.39

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	9.49%	9.49%	9.49%
Growth Rate	5.12%	6.12%	7.12%
Year 1 PV (M)	44.17	44.59	45.01
Year 2 PV (M)	46.91	47.81	48.72
Year 3 PV (M)	49.37	50.79	52.24
Year 4 PV (M)	51.55	53.54	55.59
Year 5 PV (M)	53.48	56.07	58.77
PV of Terminal Value (M)	872.71	915.01	958.94
Equity Value (M)	1,118.19	1,167.82	1,219.27
Shares Outstanding (M)	173.28	173.28	173.28
Fair Value	$6.45	$6.74	$7.04
Upside / Downside	-93.31%	-93.02%	-92.71%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 29 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
BTBT	Bit Digital, Inc.	0.25%	$0.01	1.17%
PVH	PVH Corp.	0.25%	$0.17	2.41%
AEL	American Equity Investment Life Holding Company	0.24%	$0.14	2.19%
CRS	Carpenter Technology Corporation	0.24%	$0.80	9.74%
L	Loews Corporation	0.24%	$0.25	3.58%
PRIM	Primoris Services Corporation	0.23%	$0.30	5.83%
TER	Teradyne, Inc.	0.23%	$0.48	17.39%
FOCS	Focus Financial Partners Inc.	0.22%	$0.12	19.23%
QCRH	QCR Holdings, Inc.	0.22%	$0.18	2.50%
RMAX	RE/MAX Holdings, Inc.	0.22%	$0.02	2.70%
VSEC	VSE Corporation	0.22%	$0.40	30.98%
0J5I.L	Hilton Worldwide Holdings Inc.	0.21%	$0.60	8.71%
PRVAX	Virginia Tax Free Bond Fund	0.21%	$0.02	89.04%
ACA	Arcosa, Inc.	0.19%	$0.20	6.66%
HWM	Howmet Aerospace Inc.	0.19%	$0.40	11.24%
USLM	United States Lime & Minerals, Inc.	0.19%	$0.23	5.04%
AEIS	Advanced Energy Industries, Inc.	0.18%	$0.40	10.65%
BELFA	Bel Fuse Inc.	0.18%	$0.28	5.31%
TILE	Interface, Inc.	0.18%	$0.05	2.63%
0K05.L	Medifast, Inc.	0.17%	$0.02	78.63%
AYI	Acuity Brands, Inc.	0.17%	$0.65	5.19%
BDC	Belden Inc.	0.17%	$0.20	3.53%
FIX	Comfort Systems USA, Inc.	0.17%	$1.70	7.18%
KNSL	Kinsale Capital Group, Inc.	0.17%	$0.66	3.24%
STCN	Steel Connect, Inc.	0.17%	$0.02	1.98%
VVI	Viad Corp	0.17%	$0.07	0.54%
ALNT	Allient Inc.	0.16%	$0.09	7.91%
CLSK	CleanSpark, Inc.	0.16%	$0.02	1.41%
EME	EMCOR Group, Inc.	0.16%	$1.01	4.01%
ESE	ESCO Technologies Inc.	0.16%	$0.32	2.76%
CW	Curtiss-Wright Corporation	0.15%	$0.87	7.08%
MU	Micron Technology, Inc.	0.15%	$0.46	6.11%
SPCMU	Sound Point Acquisition Corp I, Ltd	0.15%	$0.02	1.33%
ENSG	The Ensign Group, Inc.	0.14%	$0.24	4.34%
JBL	Jabil Inc.	0.14%	$0.33	5.48%
PFIE	Profire Energy, Inc.	0.14%	$0.00	1.99%
0R0A.L	Hecla Mining Company	0.13%	$0.02	5.24%
GNW	Genworth Financial, Inc.	0.13%	$0.01	2.27%
ONIT	Onity Group Inc.	0.13%	$0.06	1.46%
0A7O.L	MicroStrategy Incorporated	0.12%	$0.19	0.73%
0KGS.L	Pegasystems Inc.	0.12%	$0.07	4.63%
PRTAX	T. Rowe Price Tax-Free Income Fd	0.12%	$0.01	89.04%
WDC	Western Digital Corporation	0.12%	$0.22	3.25%
GEV	GE Vernova Inc.	0.11%	$0.75	12.15%
MPLF.L	Marble Point Loan Financing Limited	0.11%	$0.07	92.98%
EPAC	Enerpac Tool Group Corp.	0.10%	$0.04	2.34%
GRBK	Green Brick Partners, Inc.	0.10%	$0.07	0.85%
IR	Ingersoll Rand Inc.	0.10%	$0.08	5.89%
RAL	Ralliant Corp.	0.10%	$0.05	2.75%
TXT	Textron Inc.	0.10%	$0.08	1.79%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Ningbo ZhongDa Leader Intelligent Transmission Co., Ltd. (002896.SZ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener