DDM Analysis: 002942.SZ

Valuation Snapshot

Stable Growth	$2.90 - $3.96	$3.44
Multi-Stage	$5.63 - $6.19	$5.90
Blended Fair Value	$4.67
Current Price	$18.69
Upside	-75.01%
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	-3.81%	-3.56%	0.20	0.25	0.50	0.23	0.29	0.24	0.41	0.29	0.14	0.22
YoY Growth	-	-	-20.00%	-50.00%	112.79%	-18.14%	18.18%	-41.52%	44.38%	104.26%	-37.38%	-21.75%
Dividend Yield	-	-	1.29%	1.90%	2.56%	1.35%	1.34%	1.21%	1.69%	1.80%	0.88%	1.41%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	86.67
(-) Cash Dividends Paid (M)	46.73
(=) Cash Retained (M)	39.94

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	17.33	10.83	6.50
Cash Retained (M)	39.94	39.94	39.94
(-) Cash Required (M)	-17.33	-10.83	-6.50
(=) Excess Retained (M)	22.60	29.11	33.44
(/) Shares Outstanding (M)	153.86	153.86	153.86
(=) Excess Retained per Share	0.15	0.19	0.22
LTM Dividend per Share	0.30	0.30	0.30
(+) Excess Retained per Share	0.15	0.19	0.22
(=) Adjusted Dividend	0.45	0.49	0.52
WACC / Discount Rate	9.12%	9.12%	9.12%
Growth Rate	-5.56%	-4.56%	-3.56%
Fair Value	$2.90	$3.44	$3.96
Upside / Downside	-84.49%	-81.60%	-78.80%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	86.67	82.72	78.95	75.34	71.91	68.63	70.69
Payout Ratio	53.92%	61.13%	68.35%	75.57%	82.78%	90.00%	92.50%
Projected Dividends (M)	46.73	50.57	53.96	56.94	59.53	61.77	65.39

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	9.12%	9.12%	9.12%
Growth Rate	-5.56%	-4.56%	-3.56%
Year 1 PV (M)	45.86	46.34	46.83
Year 2 PV (M)	44.37	45.32	46.27
Year 3 PV (M)	42.46	43.82	45.21
Year 4 PV (M)	40.25	41.99	43.77
Year 5 PV (M)	37.88	39.92	42.06
PV of Terminal Value (M)	655.15	690.58	727.53
Equity Value (M)	865.97	907.97	951.67
Shares Outstanding (M)	153.86	153.86	153.86
Fair Value	$5.63	$5.90	$6.19
Upside / Downside	-69.89%	-68.43%	-66.91%

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

Zhejiang XinNong Chemical Co.,Ltd. (002942.SZ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener