DDM Analysis: 9633.HK

Valuation Snapshot

Stable Growth	$15.97 - $22.86	$19.35
Multi-Stage	$26.54 - $29.07	$27.78
Blended Fair Value	$23.56
Current Price	$36.58
Upside	-35.59%
Decision	Don't Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017
DPS	-2.55%	0.00%	0.75	0.68	0.45	0.17	0.71	0.85	0.04	0.03	0.00	0.00
YoY Growth	-	-	10.31%	51.14%	164.61%	-76.04%	-16.86%	1,976.50%	25.87%	0.00%	0.00%	0.00%
Dividend Yield	-	-	2.35%	1.70%	1.16%	0.41%	1.54%	2.89%	0.14%	0.12%	0.00%	0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	26,049.46
(-) Cash Dividends Paid (M)	16,081.16
(=) Cash Retained (M)	9,968.30

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	5,209.89	3,256.18	1,953.71
Cash Retained (M)	9,968.30	9,968.30	9,968.30
(-) Cash Required (M)	-5,209.89	-3,256.18	-1,953.71
(=) Excess Retained (M)	4,758.41	6,712.12	8,014.59
(/) Shares Outstanding (M)	11,246.47	11,246.47	11,246.47
(=) Excess Retained per Share	0.42	0.60	0.71
LTM Dividend per Share	1.43	1.43	1.43
(+) Excess Retained per Share	0.42	0.60	0.71
(=) Adjusted Dividend	1.85	2.03	2.14
WACC / Discount Rate	9.37%	9.37%	9.37%
Growth Rate	-2.00%	-1.00%	0.00%
Fair Value	$15.97	$19.35	$22.86
Upside / Downside	-56.34%	-47.11%	-37.50%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	26,049.46	25,788.97	25,531.08	25,275.77	25,023.01	24,772.78	25,515.96
Payout Ratio	61.73%	67.39%	73.04%	78.69%	84.35%	90.00%	92.50%
Projected Dividends (M)	16,081.16	17,378.30	18,647.88	19,890.33	21,106.07	22,295.50	23,602.27

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	9.37%	9.37%	9.37%
Growth Rate	-2.00%	-1.00%	0.00%
Year 1 PV (M)	15,728.83	15,889.32	16,049.82
Year 2 PV (M)	15,275.93	15,589.28	15,905.80
Year 3 PV (M)	14,747.20	15,203.26	15,668.64
Year 4 PV (M)	14,163.28	14,750.28	15,355.35
Year 5 PV (M)	13,541.38	14,246.51	14,980.72
PV of Terminal Value (M)	225,008.87	236,725.61	248,925.43
Equity Value (M)	298,465.49	312,404.27	326,885.76
Shares Outstanding (M)	11,246.47	11,246.47	11,246.47
Fair Value	$26.54	$27.78	$29.07
Upside / Downside	-27.45%	-24.06%	-20.54%

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

Nongfu Spring Co., Ltd. (9633.HK)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener