DDM Analysis: 300760.SZ

Valuation Snapshot

Stable Growth	$279.55 - $1,411.84	$578.62
Multi-Stage	$156.50 - $171.00	$163.62
Blended Fair Value	$371.12
Current Price	$245.69
Upside	51.05%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	48.38%	69.20%	7.22	8.81	3.49	2.51	1.51	1.00	0.78	0.50	5.41	2.83
YoY Growth	-	-	-18.06%	152.07%	39.27%	66.67%	50.00%	28.07%	55.28%	-90.67%	91.20%	7,436.29%
Dividend Yield	-	-	3.08%	3.11%	1.12%	0.82%	0.38%	0.38%	0.58%	0.72%	0.00%	0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	8,601.46
(-) Cash Dividends Paid (M)	4,389.83
(=) Cash Retained (M)	4,211.62

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	1,720.29	1,075.18	645.11
Cash Retained (M)	4,211.62	4,211.62	4,211.62
(-) Cash Required (M)	-1,720.29	-1,075.18	-645.11
(=) Excess Retained (M)	2,491.33	3,136.44	3,566.51
(/) Shares Outstanding (M)	1,211.62	1,211.62	1,211.62
(=) Excess Retained per Share	2.06	2.59	2.94
LTM Dividend per Share	3.62	3.62	3.62
(+) Excess Retained per Share	2.06	2.59	2.94
(=) Adjusted Dividend	5.68	6.21	6.57
WACC / Discount Rate	7.64%	7.64%	7.64%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$279.55	$578.62	$1,411.84
Upside / Downside	13.78%	135.51%	474.64%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	8,601.46	9,160.55	9,755.99	10,390.13	11,065.48	11,784.74	12,138.28
Payout Ratio	51.04%	58.83%	66.62%	74.41%	82.21%	90.00%	92.50%
Projected Dividends (M)	4,389.83	5,389.04	6,499.59	7,731.75	9,096.62	10,606.27	11,227.91

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	7.64%	7.64%	7.64%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	4,959.37	5,006.38	5,053.39
Year 2 PV (M)	5,504.49	5,609.34	5,715.17
Year 3 PV (M)	6,025.94	6,198.92	6,375.18
Year 4 PV (M)	6,524.44	6,775.35	7,033.43
Year 5 PV (M)	7,000.69	7,338.83	7,689.91
PV of Terminal Value (M)	159,605.43	167,314.43	175,318.48
Equity Value (M)	189,620.37	198,243.25	207,185.56
Shares Outstanding (M)	1,211.62	1,211.62	1,211.62
Fair Value	$156.50	$163.62	$171.00
Upside / Downside	-36.30%	-33.40%	-30.40%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 9 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
ATLO	Ames National Corporation	3.84%	$0.87	48.60%
FRME	First Merchants Corporation	3.83%	$1.44	35.39%
PCAR	PACCAR Inc	3.83%	$4.27	83.66%
0HJO.L	AvalonBay Communities, Inc.	3.82%	$6.86	84.26%
FE	FirstEnergy Corp.	3.82%	$1.73	75.49%
LXFR	Luxfer Holdings PLC	3.81%	$0.52	98.38%
LCII	LCI Industries	3.80%	$4.72	64.48%
NEN	New England Realty Associates Limited Partnership	3.78%	$2.44	73.23%
PAYX	Paychex, Inc.	3.78%	$4.10	91.97%
RGCO	RGC Resources, Inc.	3.78%	$0.81	63.02%
UBSI	United Bankshares, Inc.	3.78%	$1.45	48.05%
SLVM	Sylvamo Corporation	3.77%	$1.80	41.11%
CAC	Camden National Corporation	3.75%	$1.61	47.99%
ARCH	Arch Resources, Inc.	3.74%	$5.04	50.87%
USB	U.S. Bancorp	3.74%	$2.02	43.68%
WSR	Whitestone REIT	3.74%	$0.52	60.32%
FDBC	Fidelity D & D Bancorp, Inc.	3.73%	$1.61	35.71%
WNC	Wabash National Corporation	3.73%	$0.33	5.38%
VLY	Valley National Bancorp	3.72%	$0.43	47.26%
GHLD	Guild Holdings Company	3.71%	$0.74	36.91%
FNF	Fidelity National Financial, Inc.	3.69%	$2.00	46.79%
IPAR	Inter Parfums, Inc.	3.68%	$3.15	61.47%
WSBF	Waterstone Financial, Inc.	3.68%	$0.61	45.57%
AROW	Arrow Financial Corporation	3.66%	$1.15	54.67%
ASIX	AdvanSix Inc.	3.66%	$0.63	32.72%
ASRV	AmeriServ Financial, Inc.	3.66%	$0.12	78.81%
CVGW	Calavo Growers, Inc.	3.66%	$0.80	71.92%
OXY	Occidental Petroleum Corporation	3.65%	$1.55	75.62%
FMAO	Farmers & Merchants Bancorp, Inc.	3.64%	$0.89	37.59%
LNKB	LINKBANCORP, Inc.	3.64%	$0.30	29.21%
BHRB	Burke & Herbert Bank & Trust Company	3.63%	$2.24	31.71%
EOG	EOG Resources, Inc.	3.63%	$3.90	38.34%
FITB	Fifth Third Bancorp	3.61%	$1.72	47.89%
LNC	Lincoln National Corporation	3.61%	$1.63	14.98%
MCBS	MetroCity Bankshares, Inc.	3.61%	$0.95	36.60%
OZK	Bank OZK	3.61%	$1.70	26.69%
PCB	PCB Bancorp	3.61%	$0.78	31.72%
SFD	SMITHFIELD FOODS INC	3.60%	$0.80	36.46%
0HOB.L	H&R Block, Inc.	3.59%	$1.54	33.12%
ASB	Associated Banc-Corp	3.59%	$0.92	87.56%
PLOW	Douglas Dynamics, Inc.	3.59%	$1.18	66.47%
EXC	Exelon Corporation	3.58%	$1.57	56.50%
MC	Moelis & Company	3.58%	$2.55	85.89%
TIPT	Tiptree Inc.	3.57%	$0.64	49.10%
BPRN	Princeton Bancorp, Inc.	3.56%	$1.20	46.56%
EVRG	Evergy, Inc.	3.56%	$2.60	71.71%
CZFS	Citizens Financial Services, Inc.	3.55%	$1.97	27.82%
CNO-PA	CNO Financial Group, Inc. 5.125	3.54%	$0.67	22.53%
NBTB	NBT Bancorp Inc.	3.54%	$1.47	46.30%
0JQQ.L	Archer-Daniels-Midland Company	3.53%	$2.03	82.76%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Ticker

Industry

Sector

Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (300760.SZ)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener