DDM Analysis: 200512.SZ

Valuation Snapshot

Stable Growth	$2.68 - $4.17	$3.36
Multi-Stage	$12.03 - $13.29	$12.64
Blended Fair Value	$8.00
Current Price	$3.08
Upside	159.87%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	47.51%	3.29%	0.27	0.13	0.11	0.15	0.10	0.04	0.08	0.12	0.10	0.16
YoY Growth	-	-	113.05%	11.37%	-23.43%	50.32%	155.74%	-53.40%	-31.56%	21.50%	-38.97%	-16.33%
Dividend Yield	-	-	8.09%	4.45%	3.60%	4.80%	2.32%	1.38%	2.96%	3.71%	1.73%	2.22%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	54.79
(-) Cash Dividends Paid (M)	41.03
(=) Cash Retained (M)	13.76

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	10.96	6.85	4.11
Cash Retained (M)	13.76	13.76	13.76
(-) Cash Required (M)	-10.96	-6.85	-4.11
(=) Excess Retained (M)	2.80	6.91	9.65
(/) Shares Outstanding (M)	190.49	190.49	190.49
(=) Excess Retained per Share	0.01	0.04	0.05
LTM Dividend per Share	0.22	0.22	0.22
(+) Excess Retained per Share	0.01	0.04	0.05
(=) Adjusted Dividend	0.23	0.25	0.27
WACC / Discount Rate	4.64%	4.64%	4.64%
Growth Rate	-3.65%	-2.65%	-1.65%
Fair Value	$2.68	$3.36	$4.17
Upside / Downside	-13.09%	9.24%	35.23%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	54.79	53.34	51.93	50.56	49.22	47.92	49.36
Payout Ratio	74.88%	77.91%	80.93%	83.95%	86.98%	90.00%	92.50%
Projected Dividends (M)	41.03	41.56	42.03	42.45	42.81	43.13	45.66

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	4.64%	4.64%	4.64%
Growth Rate	-3.65%	-2.65%	-1.65%
Year 1 PV (M)	39.31	39.72	40.13
Year 2 PV (M)	37.60	38.39	39.18
Year 3 PV (M)	35.92	37.05	38.20
Year 4 PV (M)	34.27	35.71	37.20
Year 5 PV (M)	32.65	34.38	36.18
PV of Terminal Value (M)	2,111.40	2,223.26	2,339.81
Equity Value (M)	2,291.15	2,408.51	2,530.71
Shares Outstanding (M)	190.49	190.49	190.49
Fair Value	$12.03	$12.64	$13.29
Upside / Downside	290.50%	310.50%	331.33%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 85 of 151 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
0258.HK	Tomson Group Limited	1.44%	$0.03	7.69%
055490.KS	Tapex Co., Ltd.	1.44%	$199.78	51.52%
2756.TWO	Lian Fa International Dining Business Corp.	1.44%	$1.18	40.55%
300130.SZ	XGD Inc.	1.44%	$0.40	65.84%
300194.SZ	Fuan Pharmaceutical (Group) Co., Ltd.	1.44%	$0.06	52.37%
301058.SZ	COFCO Technology & Industry Co., Ltd.	1.44%	$0.16	34.15%
3393.HK	Wasion Holdings Limited	1.44%	$0.26	17.68%
5536.TWO	Acter Group Corporation Limited	1.44%	$10.99	47.44%
600809.SS	Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.	1.44%	$2.47	24.55%
6485.T	Maezawa Kyuso Industries Co.,Ltd.	1.44%	$22.77	15.91%
6506.T	YASKAWA Electric Corporation	1.44%	$68.32	30.92%
688092.SS	Hangzhou IECHO Science & Technology Co., Ltd.	1.44%	$0.36	55.35%
ISS.CO	ISS A/S	1.44%	$3.10	19.54%
003027.SZ	Tongxing Environmental Protection Technology Co.,Ltd	1.43%	$0.32	50.08%
0W19.L	Datagroup Se	1.43%	$1.00	34.00%
0YG7.L	Beijer Alma AB (publ)	1.43%	$4.12	46.18%
2427.T	OUTSOURCING Inc.	1.43%	$24.98	56.59%
300409.SZ	Guangdong Dowstone Technology Co., Ltd.	1.43%	$0.32	58.17%
600362.SS	Jiangxi Copper Company Limited	1.43%	$0.79	33.95%
600409.SS	Tangshan Sanyou Chemical Industries Co.,Ltd	1.43%	$0.09	81.03%
601858.SS	China Science Publishing & Media Ltd.	1.43%	$0.26	39.12%
603283.SS	Suzhou Secote Precision Electronic Co.,LTD	1.43%	$0.62	25.98%
603757.SS	Zhejiang Dayuan Pumps Industry Co., Ltd	1.43%	$0.63	58.53%
6479.T	MinebeaMitsumi Inc.	1.43%	$45.06	29.19%
7012.T	Kawasaki Heavy Industries, Ltd.	1.43%	$148.51	32.29%
9630.SR	Ratio Speciality Company for Trading	1.43%	$0.10	14.11%
G	Genpact Limited	1.43%	$0.66	20.93%
GIL	Gildan Activewear Inc.	1.43%	$0.90	28.59%
MRU.TO	Metro Inc.	1.43%	$1.42	30.52%
SIMINN.IC	Síminn hf.	1.43%	$0.21	33.47%
002568.SZ	Shanghai Bairun Investment Holding Group Co., Ltd.	1.42%	$0.31	46.41%
2270.HK	Desun Real Estate Investment Services Group Co., Ltd.	1.42%	$0.06	41.57%
300294.SZ	China Resources Boya Bio-pharmaceutical Group Co., Ltd.	1.42%	$0.32	49.45%
300433.SZ	Lens Technology Co., Ltd.	1.42%	$0.43	54.16%
300906.SZ	Jiangxi Everbright Measurement And Control Technology Co.,Ltd.	1.42%	$0.50	58.74%
301588.SZ	Newtechwood Corp	1.42%	$0.26	67.53%
4684.T	OBIC Co.,Ltd.	1.42%	$70.00	44.07%
600023.SS	Zhejiang Zheneng Electric Power Co., Ltd.	1.42%	$0.07	12.91%
600268.SS	Guodian Nanjing Automation Co., Ltd.	1.42%	$0.15	33.78%
605089.SS	Suzhou Weizhixiang Food Co., Ltd.	1.42%	$0.36	67.75%
688677.SS	Qingdao NovelBeam Technology Co.,Ltd.	1.42%	$0.61	52.58%
7456.T	MATSUDA SANGYO Co., Ltd.	1.42%	$75.07	17.79%
DNR.MI	Industrie De Nora S.p.A.	1.42%	$0.10	22.74%
000039.SZ	China International Marine Containers (Group) Co., Ltd.	1.41%	$0.14	31.30%
000778.SZ	Xinxing Ductile Iron Pipes Co., Ltd.	1.41%	$0.06	60.76%
002434.SZ	Zhejiang Wanliyang Co., Ltd.	1.41%	$0.13	54.38%
0354.HK	Chinasoft International Limited	1.41%	$0.07	16.05%
300298.SZ	Sinocare Inc.	1.41%	$0.24	47.22%
600063.SS	Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd	1.41%	$0.08	31.80%
603058.SS	GuiZhou YongJi Printing CO.,LTD	1.41%	$0.13	42.37%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Tsann Kuen (China) Enterprise Co., Ltd. (200512.SZ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener