DDM Analysis: 000877.SZ

Valuation Snapshot

Stable Growth	$45.29 - $53.36	$50.01
Multi-Stage	$11.52 - $12.60	$12.05
Blended Fair Value	$31.03
Current Price	$6.02
Upside	415.43%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	47.58%	19.25%	0.56	0.76	2.09	1.78	0.77	0.08	0.05	0.06	0.06	0.09
YoY Growth	-	-	-26.92%	-63.65%	17.67%	130.06%	873.18%	67.17%	-16.69%	-11.83%	-25.60%	-9.06%
Dividend Yield	-	-	10.02%	10.91%	23.62%	13.49%	4.51%	0.70%	0.38%	0.54%	0.43%	1.33%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	1,968.96
(-) Cash Dividends Paid (M)	1,845.70
(=) Cash Retained (M)	123.26

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	393.79	246.12	147.67
Cash Retained (M)	123.26	123.26	123.26
(-) Cash Required (M)	-393.79	-246.12	-147.67
(=) Excess Retained (M)	-270.53	-122.86	-24.41
(/) Shares Outstanding (M)	7,338.22	7,338.22	7,338.22
(=) Excess Retained per Share	-0.04	-0.02	0.00
LTM Dividend per Share	0.25	0.25	0.25
(+) Excess Retained per Share	-0.04	-0.02	0.00
(=) Adjusted Dividend	0.21	0.23	0.25
WACC / Discount Rate	5.49%	5.49%	5.49%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$45.29	$50.01	$53.36
Upside / Downside	652.35%	730.69%	786.40%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	1,968.96	2,096.94	2,233.24	2,378.40	2,533.00	2,697.64	2,778.57
Payout Ratio	93.74%	92.99%	92.24%	91.50%	90.75%	90.00%	92.50%
Projected Dividends (M)	1,845.70	1,949.98	2,060.03	2,176.14	2,298.64	2,427.88	2,570.18

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	5.49%	5.49%	5.49%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	1,831.21	1,848.57	1,865.93
Year 2 PV (M)	1,816.73	1,851.33	1,886.26
Year 3 PV (M)	1,802.24	1,853.97	1,906.69
Year 4 PV (M)	1,787.74	1,856.49	1,927.21
Year 5 PV (M)	1,773.24	1,858.89	1,947.82
PV of Terminal Value (M)	75,511.44	79,158.67	82,945.48
Equity Value (M)	84,522.59	88,427.92	92,479.38
Shares Outstanding (M)	7,338.22	7,338.22	7,338.22
Fair Value	$11.52	$12.05	$12.60
Upside / Downside	91.33%	100.17%	109.34%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 80 of 151 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
301151.SZ	Shanghai Karon Eco-Valve Manufacturing Co., Ltd.	1.64%	$0.31	64.22%
4912.T	Lion Corporation	1.64%	$27.13	35.97%
5328.TWO	Hua Jung Components Co.,Ltd.	1.64%	$0.35	73.35%
600256.SS	Guanghui Energy Co., Ltd.	1.64%	$0.08	26.14%
605365.SS	Leedarson IoT Technology Inc.	1.64%	$0.44	81.91%
6244.TWO	Motech Industries Inc.	1.64%	$0.34	98.50%
6367.T	Daikin Industries,Ltd.	1.64%	$330.12	35.31%
6383.T	Daifuku Co., Ltd.	1.64%	$80.66	36.37%
6454.T	Max Co., Ltd.	1.64%	$113.15	45.27%
LSS.PA	Lectra S.A.	1.64%	$0.41	50.95%
MEVA.AT	Mevaco S.A.	1.64%	$0.15	13.50%
MOVI3.SA	Movida Participações S.A.	1.64%	$0.16	19.79%
SRSOLTD.BO	Silicon Rental Solutions Ltd.	1.64%	$1.90	9.23%
002266.SZ	Zhefu Holding Group Co., Ltd.	1.63%	$0.07	37.41%
0GDU.L	Paradox Interactive AB (publ)	1.63%	$5.00	82.82%
300121.SZ	Shandong Yanggu Huatai Chemical Co., Ltd.	1.63%	$0.21	53.84%
603013.SS	YAPP Automotive Systems Co., Ltd.	1.63%	$0.40	37.85%
603081.SS	Zhejiang Dafeng Industry Co., Ltd	1.63%	$0.23	92.61%
603194.SS	Zhejiang E-P Equipment Co Ltd	1.63%	$0.64	29.27%
603221.SS	Elegant Home-Tech Co., Ltd.	1.63%	$0.21	78.59%
BEI.DE	Beiersdorf AG	1.63%	$1.52	25.19%
CLD.WA	Cloud Technologies S.A.	1.63%	$1.14	92.28%
IVS.MI	IVS Group S.A.	1.63%	$0.12	62.72%
LDO.MI	Leonardo S.p.A.	1.63%	$0.84	33.82%
MEOH	Methanex Corporation	1.63%	$0.67	24.08%
PARKIN.AE	Parkin Company PJSC	1.63%	$0.09	49.98%
051900.KS	LG H&H Co., Ltd.	1.62%	$4,377.83	70.74%
0F4O.L	Lotus Bakeries N.V.	1.62%	$133.75	36.00%
300206.SZ	Edan Instruments, Inc.	1.62%	$0.21	48.61%
5393.T	Nichias Corporation	1.62%	$110.01	23.11%
603385.SS	Huida Sanitary Ware Co., Ltd.	1.62%	$0.11	69.37%
605050.SS	Friend Co.,Ltd.	1.62%	$0.22	30.01%
7378.T	ASIRO Inc.	1.62%	$23.93	20.21%
BPAC11.SA	Banco BTG Pactual S.A.	1.62%	$0.84	27.38%
GRMN	Garmin Ltd.	1.62%	$3.28	40.42%
RUBFILA.BO	Rubfila International Limited	1.62%	$1.20	22.45%
VALO.BA	Banco de Valores S.A.	1.62%	$8.91	22.52%
WAS.WA	Wasko S.A.	1.62%	$0.03	19.20%
002152.SZ	GRG Banking Equipment Co., Ltd.	1.61%	$0.22	65.18%
002457.SZ	Ningxia Qinglong Pipes Industry Group Co., Ltd.	1.61%	$0.18	28.21%
002913.SZ	Aoshikang Technology Co., Ltd.	1.61%	$0.69	60.58%
007570.KS	Ilyang Pharmaceutical Co.,Ltd	1.61%	$210.74	33.61%
066570.KS	LG Electronics Inc.	1.61%	$1,472.83	36.12%
603181.SS	Zhejiang Huangma Technology Co.,Ltd	1.61%	$0.23	29.53%
603416.SS	WuXi Xinje Electric Co.,Ltd.	1.61%	$0.89	59.24%
ABB.AX	Aussie Broadband Limited	1.61%	$0.08	39.83%
H22.SI	Hong Leong Asia Ltd.	1.61%	$0.04	31.75%
MATAS.CO	Matas A/S	1.61%	$2.00	26.57%
SRSN.JK	PT Indo Acidatama Tbk	1.61%	$1.00	12.49%
000050.KS	Kyungbangco.Ltd	1.60%	$149.61	11.55%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Tianshan Material Co., Ltd. (000877.SZ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener