DDM Analysis: 002901.SZ

Valuation Snapshot

Stable Growth	$31.79 - $86.87	$49.05
Multi-Stage	$21.95 - $23.96	$22.94
Blended Fair Value	$35.99
Current Price	$56.00
Upside	-35.73%
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	-10.61%	38.02%	0.29	0.02	0.51	0.79	0.59	0.51	0.39	0.23	0.14	0.18
YoY Growth	-	-	1,151.91%	-95.50%	-35.40%	34.30%	16.67%	29.26%	66.60%	63.53%	-20.11%	1,461.68%
Dividend Yield	-	-	0.84%	0.07%	1.41%	1.86%	1.18%	0.75%	1.14%	0.63%	0.86%	0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	541.57
(-) Cash Dividends Paid (M)	212.60
(=) Cash Retained (M)	328.97

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	108.31	67.70	40.62
Cash Retained (M)	328.97	328.97	328.97
(-) Cash Required (M)	-108.31	-67.70	-40.62
(=) Excess Retained (M)	220.66	261.28	288.35
(/) Shares Outstanding (M)	409.01	409.01	409.01
(=) Excess Retained per Share	0.54	0.64	0.70
LTM Dividend per Share	0.52	0.52	0.52
(+) Excess Retained per Share	0.54	0.64	0.70
(=) Adjusted Dividend	1.06	1.16	1.22
WACC / Discount Rate	9.02%	9.02%	9.02%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$31.79	$49.05	$86.87
Upside / Downside	-43.24%	-12.41%	55.13%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	541.57	576.78	614.27	654.19	696.72	742.00	764.26
Payout Ratio	39.26%	49.41%	59.55%	69.70%	79.85%	90.00%	92.50%
Projected Dividends (M)	212.60	284.96	365.82	455.99	556.34	667.80	706.94

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	9.02%	9.02%	9.02%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	258.94	261.39	263.84
Year 2 PV (M)	302.06	307.81	313.62
Year 3 PV (M)	342.13	351.96	361.96
Year 4 PV (M)	379.31	393.90	408.90
Year 5 PV (M)	413.73	433.72	454.46
PV of Terminal Value (M)	7,280.73	7,632.39	7,997.51
Equity Value (M)	8,976.90	9,381.16	9,800.30
Shares Outstanding (M)	409.01	409.01	409.01
Fair Value	$21.95	$22.94	$23.96
Upside / Downside	-60.81%	-59.04%	-57.21%

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

Double Medical Technology Inc. (002901.SZ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener