DDM Analysis: 0012.HK

Valuation Snapshot

Stable Growth	$26.96 - $43.21	$34.31
Multi-Stage	$60.06 - $65.96	$62.95
Blended Fair Value	$48.63
Current Price	$27.45
Upside	77.17%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	1.37%	18.83%	1.80	1.80	1.80	1.80	1.80	1.68	1.47	1.25	1.05	0.66
YoY Growth	-	-	0.00%	0.00%	0.00%	0.00%	7.02%	14.34%	18.09%	19.05%	58.26%	106.12%
Dividend Yield	-	-	7.63%	7.64%	6.61%	5.42%	5.95%	4.40%	4.15%	2.89%	3.38%	2.04%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	12,508.00
(-) Cash Dividends Paid (M)	11,136.00
(=) Cash Retained (M)	1,372.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	2,501.60	1,563.50	938.10
Cash Retained (M)	1,372.00	1,372.00	1,372.00
(-) Cash Required (M)	-2,501.60	-1,563.50	-938.10
(=) Excess Retained (M)	-1,129.60	-191.50	433.90
(/) Shares Outstanding (M)	4,841.00	4,841.00	4,841.00
(=) Excess Retained per Share	-0.23	-0.04	0.09
LTM Dividend per Share	2.30	2.30	2.30
(+) Excess Retained per Share	-0.23	-0.04	0.09
(=) Adjusted Dividend	2.07	2.26	2.39
WACC / Discount Rate	6.35%	6.35%	6.35%
Growth Rate	-1.22%	-0.22%	0.78%
Fair Value	$26.96	$34.31	$43.21
Upside / Downside	-1.80%	24.99%	57.40%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	12,508.00	12,480.32	12,452.70	12,425.14	12,397.64	12,370.21	12,741.31
Payout Ratio	89.03%	89.22%	89.42%	89.61%	89.81%	90.00%	92.50%
Projected Dividends (M)	11,136.00	11,135.54	11,135.03	11,134.47	11,133.85	11,133.19	11,785.71

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.35%	6.35%	6.35%
Growth Rate	-1.22%	-0.22%	0.78%
Year 1 PV (M)	10,365.40	10,470.33	10,575.27
Year 2 PV (M)	9,648.08	9,844.41	10,042.73
Year 3 PV (M)	8,980.35	9,255.86	9,536.95
Year 4 PV (M)	8,358.80	8,702.46	9,056.61
Year 5 PV (M)	7,780.23	8,182.11	8,600.42
PV of Terminal Value (M)	245,618.46	258,305.52	271,511.50
Equity Value (M)	290,751.32	304,760.70	319,323.49
Shares Outstanding (M)	4,841.00	4,841.00	4,841.00
Fair Value	$60.06	$62.95	$65.96
Upside / Downside	118.80%	129.34%	140.30%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 63 of 151 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
112610.KS	CS Wind Corporation	2.43%	$982.89	21.73%
300452.SZ	Anhui Sunhere Pharmaceutical Excipients Co.,Ltd.	2.43%	$0.33	58.46%
603599.SS	Anhui Guangxin Agrochemical Co., Ltd.	2.43%	$0.28	35.02%
605286.SS	Jiangsu Tongli Risheng Machinery Co., Ltd.	2.43%	$0.99	75.51%
9569.SR	Almuneef Company for Trade, Industry, Agriculture and Contracting	2.43%	$0.20	19.26%
ALV	Autoliv, Inc.	2.43%	$2.97	30.32%
KEPEN.AT	Flour Mills Kepenos S.A.	2.43%	$0.05	39.82%
MSAB-B.ST	Micro Systemation AB (publ)	2.43%	$1.50	65.33%
NEOE3.SA	Neoenergia S.A.	2.43%	$0.77	21.26%
OV8.SI	Sheng Siong Group Ltd	2.43%	$0.06	66.54%
VIL.PA	VIEL & Cie, S.A.	2.43%	$0.40	12.44%
002236.SZ	Zhejiang Dahua Technology Co., Ltd.	2.42%	$0.46	38.43%
006730.KQ	Seobu T&D Co., Ltd.	2.42%	$309.73	27.66%
071050.KS	Korea Investment Holdings Co., Ltd.	2.42%	$3,984.93	13.09%
0DQK.L	Beter Bed Holding N.V.	2.42%	$0.15	53.98%
2409.TW	AUO Corporation	2.42%	$0.31	41.22%
300453.SZ	Jiangxi Sanxin Medtec Co.,Ltd.	2.42%	$0.21	45.08%
600064.SS	Nanjing Gaoke Company Limited	2.42%	$0.21	15.60%
601236.SS	Hongta Securities Co., Ltd.	2.42%	$0.20	95.69%
9550.SR	Sure Global Tech Company	2.42%	$1.52	28.67%
9562.SR	Foods Gate Trading Co.	2.42%	$0.67	13.40%
AEONTS-R.BK	AEON Thana Sinsap (Thailand) Public Company Limited	2.42%	$2.60	21.04%
NMAN.ST	Nederman Holding AB (publ)	2.42%	$4.00	47.45%
SALIK.AE	Salik Company P.J.S.C.	2.42%	$0.16	83.74%
SKMO.ST	Skåne-möllan AB (publ)	2.42%	$1.40	96.86%
001130.KS	Daehan Flour Mills Co.,Ltd	2.41%	$3,470.92	10.83%
080160.KQ	Modetour Network Inc.	2.41%	$249.37	24.80%
0U96.L	Everest Re Group, Ltd.	2.41%	$8.07	61.23%
3591.T	Wacoal Holdings Corp.	2.41%	$106.27	49.77%
601966.SS	Shandong Linglong Tyre Co.,Ltd.	2.41%	$0.35	42.43%
7951.T	Yamaha Corporation	2.41%	$26.35	66.95%
BORG.ST	Björn Borg AB (publ)	2.41%	$1.50	43.49%
EIOF.OL	Eidesvik Offshore ASA	2.41%	$0.30	28.32%
ETTE.HE	Etteplan Oyj	2.41%	$0.23	71.21%
ZZ-B.ST	Zinzino AB (publ)	2.41%	$3.76	58.64%
002968.SZ	New Dazheng Property Group Co., Ltd.	2.40%	$0.29	59.28%
0NZN.L	Robertet S.A.	2.40%	$21.10	23.60%
4015.SR	Jamjoom Pharmaceuticals Factory Company	2.40%	$3.46	54.14%
7703.TWO	Rayzher	2.40%	$5.49	59.71%
BBL.AX	Brisbane Broncos Limited	2.40%	$0.04	25.15%
002158.SZ	Shanghai Hanbell Precise Machinery Co., Ltd.	2.39%	$0.60	60.14%
004690.KS	Samchully Co.,Ltd	2.39%	$3,000.02	10.30%
0GVS.L	Catena AB (publ)	2.39%	$8.76	32.84%
300577.SZ	Anhui Korrun Co., Ltd.	2.39%	$0.51	36.22%
3044.TW	Tripod Technology Corporation	2.39%	$7.48	42.14%
603080.SS	Xinjiang Torch Gas Co., Ltd	2.39%	$0.57	43.55%
6780.TWO	Study King Co., Ltd.	2.39%	$0.80	89.60%
6804.T	Hosiden Corporation	2.39%	$59.44	25.81%
KBLM.JK	PT Kabelindo Murni Tbk	2.39%	$8.08	12.05%
SCANFL.HE	Scanfil Oyj	2.39%	$0.24	42.33%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Henderson Land Development Company Limited (0012.HK)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener