DDM Analysis: 2388.HK

Valuation Snapshot

Stable Growth	$99.12 - $177.15	$131.92
Multi-Stage	$150.12 - $164.69	$157.27
Blended Fair Value	$144.59
Current Price	$34.10
Upside	324.03%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	3.16%	5.44%	1.71	1.44	1.13	1.24	1.44	1.47	1.30	1.27	1.93	1.12
YoY Growth	-	-	19.34%	27.17%	-9.02%	-13.69%	-1.98%	12.67%	3.00%	-34.59%	72.67%	10.89%
Dividend Yield	-	-	6.87%	6.91%	4.25%	4.86%	6.12%	5.43%	4.48%	3.17%	6.97%	4.73%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	76,110.00
(-) Cash Dividends Paid (M)	36,391.00
(=) Cash Retained (M)	39,719.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	15,222.00	9,513.75	5,708.25
Cash Retained (M)	39,719.00	39,719.00	39,719.00
(-) Cash Required (M)	-15,222.00	-9,513.75	-5,708.25
(=) Excess Retained (M)	24,497.00	30,205.25	34,010.75
(/) Shares Outstanding (M)	10,572.78	10,572.78	10,572.78
(=) Excess Retained per Share	2.32	2.86	3.22
LTM Dividend per Share	3.44	3.44	3.44
(+) Excess Retained per Share	2.32	2.86	3.22
(=) Adjusted Dividend	5.76	6.30	6.66
WACC / Discount Rate	7.04%	7.04%	7.04%
Growth Rate	1.16%	2.16%	3.16%
Fair Value	$99.12	$131.92	$177.15
Upside / Downside	190.66%	286.87%	419.49%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	76,110.00	77,752.87	79,431.20	81,145.75	82,897.32	84,686.70	87,227.30
Payout Ratio	47.81%	56.25%	64.69%	73.13%	81.56%	90.00%	92.50%
Projected Dividends (M)	36,391.00	43,736.73	51,382.62	59,338.22	67,613.32	76,218.03	80,685.25

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	7.04%	7.04%	7.04%
Growth Rate	1.16%	2.16%	3.16%
Year 1 PV (M)	40,461.64	40,861.62	41,261.60
Year 2 PV (M)	43,975.48	44,849.21	45,731.54
Year 3 PV (M)	46,981.40	48,388.52	49,823.46
Year 4 PV (M)	49,524.59	51,512.12	53,558.87
Year 5 PV (M)	51,646.81	54,250.54	56,958.25
PV of Terminal Value (M)	1,354,584.74	1,422,875.17	1,493,892.50
Equity Value (M)	1,587,174.65	1,662,737.18	1,741,226.23
Shares Outstanding (M)	10,572.78	10,572.78	10,572.78
Fair Value	$150.12	$157.27	$164.69
Upside / Downside	340.23%	361.19%	382.96%

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

BOC Hong Kong (Holdings) Limited (2388.HK)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener