DDM Analysis: 300628.SZ

Valuation Snapshot

Stable Growth	$61.58 - $265.48	$106.79
Multi-Stage	$39.42 - $43.02	$41.19
Blended Fair Value	$73.99
Current Price	$37.00
Upside	99.97%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	39.42%	35.46%	1.50	1.42	0.57	0.46	0.43	0.28	0.19	0.11	0.06	0.09
YoY Growth	-	-	5.07%	149.58%	23.04%	8.80%	50.08%	50.43%	77.78%	92.01%	-36.87%	21.85%
Dividend Yield	-	-	3.66%	5.17%	1.05%	0.83%	0.88%	0.73%	0.79%	0.70%	0.28%	1.15%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	2,541.34
(-) Cash Dividends Paid (M)	1,641.20
(=) Cash Retained (M)	900.14

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	508.27	317.67	190.60
Cash Retained (M)	900.14	900.14	900.14
(-) Cash Required (M)	-508.27	-317.67	-190.60
(=) Excess Retained (M)	391.87	582.47	709.54
(/) Shares Outstanding (M)	1,265.72	1,265.72	1,265.72
(=) Excess Retained per Share	0.31	0.46	0.56
LTM Dividend per Share	1.30	1.30	1.30
(+) Excess Retained per Share	0.31	0.46	0.56
(=) Adjusted Dividend	1.61	1.76	1.86
WACC / Discount Rate	8.25%	8.25%	8.25%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$61.58	$106.79	$265.48
Upside / Downside	66.42%	188.63%	617.52%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	2,541.34	2,706.53	2,882.45	3,069.81	3,269.35	3,481.85	3,586.31
Payout Ratio	64.58%	69.66%	74.75%	79.83%	84.92%	90.00%	92.50%
Projected Dividends (M)	1,641.20	1,885.48	2,154.58	2,450.69	2,776.20	3,133.67	3,317.34

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	8.25%	8.25%	8.25%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	1,725.39	1,741.75	1,758.10
Year 2 PV (M)	1,804.24	1,838.61	1,873.30
Year 3 PV (M)	1,877.97	1,931.88	1,986.81
Year 4 PV (M)	1,946.78	2,021.65	2,098.66
Year 5 PV (M)	2,010.88	2,108.01	2,208.85
PV of Terminal Value (M)	40,531.76	42,489.45	44,522.08
Equity Value (M)	49,897.03	52,131.35	54,447.80
Shares Outstanding (M)	1,265.72	1,265.72	1,265.72
Fair Value	$39.42	$41.19	$43.02
Upside / Downside	6.55%	11.32%	16.26%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 54 of 151 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
600425.SS	Xinjiang Qingsong Building Materials and Chemicals (Group) Co, Ltd.	2.99%	$0.12	76.32%
605098.SS	Shanghai Action Education Technology CO.,LTD.	2.99%	$1.25	51.61%
6473.T	JTEKT Corporation	2.99%	$51.92	84.17%
B2H.OL	B2Holding ASA	2.99%	$0.21	21.39%
GENTERA.MX	Gentera, S.A.B. de C.V.	2.99%	$1.36	28.15%
JYSK.CO	Jyske Bank A/S	2.99%	$26.22	30.23%
MCGS.QA	Medicare Group Q.P.S.C.	2.99%	$0.20	64.83%
002003.SZ	Zhejiang Weixing Industrial Development Co., Ltd.	2.98%	$0.32	55.93%
0RHU.L	Flughafen Wien AG	2.98%	$1.65	62.41%
8914.T	Arealink Co., Ltd.	2.98%	$31.69	44.83%
DXT.TO	Dexterra Group Inc.	2.98%	$0.35	55.12%
NST.AX	Northern Star Resources Limited	2.98%	$0.73	45.12%
600704.SS	Wuchan Zhongda Group Co.,Ltd.	2.97%	$0.17	22.55%
8593.T	Mitsubishi HC Capital Inc.	2.97%	$38.97	34.55%
KBL.TO	K-Bro Linen Inc.	2.97%	$1.04	69.43%
O10.SI	Far East Orchard Limited	2.97%	$0.04	30.11%
PLANB.BK	Plan B Media Public Company Limited	2.97%	$0.12	46.85%
005850.KS	SL Corporation	2.96%	$1,235.83	18.10%
6527.TWO	Crystalvue Medical Corporation	2.96%	$2.24	40.94%
9201.T	Japan Airlines Co., Ltd.	2.96%	$85.89	30.05%
9633.HK	Nongfu Spring Co., Ltd.	2.96%	$1.43	61.73%
9931.TW	Hsin Kao Gas Co.,Ltd.	2.96%	$1.01	40.68%
FTS	Fortis Inc.	2.96%	$1.54	47.07%
035890.KQ	Seohee Construction Co., Ltd.	2.95%	$47.87	7.53%
3132.T	Macnica Fuji Electronics Holdings, Inc.	2.95%	$70.52	56.32%
600667.SS	Wuxi Taiji Industry Limited Corporation	2.95%	$0.23	83.84%
603577.SS	Qingdao Huijintong Power Equipment Co.,Ltd.	2.95%	$0.31	79.62%
603699.SS	Neway Valve (Suzhou) Co., Ltd.	2.95%	$1.53	81.92%
000020.KS	Dongwha Pharm.Co.,Ltd	2.94%	$182.44	65.71%
000895.SZ	Henan Shuanghui Investment & Development Co.,Ltd.	2.94%	$0.78	52.50%
002540.SZ	Jiangsu Asia-Pacific Light Alloy Technology Co., Ltd.	2.94%	$0.21	63.05%
013120.KQ	DongWon Development Co.,Ltd.	2.94%	$80.92	85.28%
107590.KS	Miwon Holdings Co., Ltd.	2.94%	$1,985.59	19.06%
6779.T	Nihon Dempa Kogyo Co., Ltd.	2.94%	$30.05	58.30%
8084.T	Ryoden Corporation	2.94%	$106.29	46.57%
8890.T	Raysum Co., Ltd.	2.94%	$173.16	50.05%
9303.T	The Sumitomo Warehouse Co., Ltd.	2.94%	$104.40	36.71%
APZ.AX	Aspen Group	2.94%	$0.16	31.96%
FSECURE.HE	F-Secure Oyj	2.94%	$0.06	45.60%
RELAIS.HE	Relais Group Oyj	2.94%	$0.50	54.01%
0QN2.L	Interroll Holding AG	2.93%	$63.83	41.54%
3515.TW	ASROCK Incorporation	2.93%	$7.30	57.65%
601619.SS	Ningxia Jiaze Renewables Corporation Limited	2.93%	$0.13	56.17%
8508.T	J Trust Co., Ltd.	2.93%	$13.97	39.79%
000166.SZ	Shenwan Hongyuan Group Co., Ltd.	2.92%	$0.15	41.10%
002299.SZ	Fujian Sunner Development Co., Ltd.	2.92%	$0.48	39.69%
4949.TW	Win Win Precision Technology Co., Ltd.	2.92%	$1.08	55.94%
5386.T	Tsuruya Co., Ltd.	2.92%	$11.98	57.58%
600267.SS	Zhejiang Hisun Pharmaceutical Co., Ltd.	2.92%	$0.29	61.49%
600758.SS	LIAONING ENERGY INDUSTRY Co.,LTD	2.92%	$0.11	69.99%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Yealink Network Technology Co., Ltd. (300628.SZ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener