DDM Analysis: 2319.HK

Valuation Snapshot

Stable Growth	$34.33 - $196.07	$64.53
Multi-Stage	$30.06 - $32.88	$31.44
Blended Fair Value	$47.99
Current Price	$14.69
Upside	226.67%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	22.10%	17.27%	0.49	0.40	0.38	0.27	0.18	0.18	0.12	0.09	0.14	0.15
YoY Growth	-	-	21.18%	5.40%	40.68%	51.56%	-0.33%	46.84%	40.02%	-37.61%	-5.54%	49.62%
Dividend Yield	-	-	2.97%	2.24%	1.22%	0.76%	0.46%	0.64%	0.57%	0.45%	1.05%	1.41%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	3,938.75
(-) Cash Dividends Paid (M)	3,915.59
(=) Cash Retained (M)	23.17

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	787.75	492.34	295.41
Cash Retained (M)	23.17	23.17	23.17
(-) Cash Required (M)	-787.75	-492.34	-295.41
(=) Excess Retained (M)	-764.59	-469.18	-272.24
(/) Shares Outstanding (M)	3,935.18	3,935.18	3,935.18
(=) Excess Retained per Share	-0.19	-0.12	-0.07
LTM Dividend per Share	1.00	1.00	1.00
(+) Excess Retained per Share	-0.19	-0.12	-0.07
(=) Adjusted Dividend	0.80	0.88	0.93
WACC / Discount Rate	6.31%	6.31%	6.31%
Growth Rate	3.89%	4.89%	5.89%
Fair Value	$34.33	$64.53	$196.07
Upside / Downside	133.66%	339.30%	1,234.70%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	3,938.75	4,131.22	4,333.08	4,544.82	4,766.90	4,999.83	5,149.82
Payout Ratio	99.41%	97.53%	95.65%	93.76%	91.88%	90.00%	92.50%
Projected Dividends (M)	3,915.59	4,029.15	4,144.47	4,261.44	4,379.94	4,499.84	4,763.58

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.31%	6.31%	6.31%
Growth Rate	3.89%	4.89%	5.89%
Year 1 PV (M)	3,753.88	3,790.01	3,826.14
Year 2 PV (M)	3,597.50	3,667.09	3,737.35
Year 3 PV (M)	3,446.31	3,546.79	3,649.21
Year 4 PV (M)	3,300.14	3,429.05	3,561.70
Year 5 PV (M)	3,158.84	3,313.83	3,474.84
PV of Terminal Value (M)	101,031.41	105,988.51	111,138.32
Equity Value (M)	118,288.07	123,735.29	129,387.57
Shares Outstanding (M)	3,935.18	3,935.18	3,935.18
Fair Value	$30.06	$31.44	$32.88
Upside / Downside	104.62%	114.05%	123.82%

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

China Mengniu Dairy Company Limited (2319.HK)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener