DDM Analysis: 0285.HK

Valuation Snapshot

Stable Growth	$222.84 - $617.23	$578.43
Multi-Stage	$85.54 - $93.66	$89.52
Blended Fair Value	$333.98
Current Price	$29.01
Upside	1,051.25%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	22.50%	34.01%	0.54	0.17	0.10	0.24	0.07	0.20	0.23	0.07	0.07	0.00
YoY Growth	-	-	226.06%	60.19%	-57.26%	239.44%	-63.59%	-15.22%	233.33%	2.98%	0.00%	-100.00%
Dividend Yield	-	-	1.36%	0.51%	0.46%	1.04%	0.21%	1.46%	2.66%	0.44%	1.23%	0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	6,993.03
(-) Cash Dividends Paid (M)	1,584.00
(=) Cash Retained (M)	5,409.03

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	1,398.61	874.13	524.48
Cash Retained (M)	5,409.03	5,409.03	5,409.03
(-) Cash Required (M)	-1,398.61	-874.13	-524.48
(=) Excess Retained (M)	4,010.42	4,534.90	4,884.55
(/) Shares Outstanding (M)	2,253.21	2,253.21	2,253.21
(=) Excess Retained per Share	1.78	2.01	2.17
LTM Dividend per Share	0.70	0.70	0.70
(+) Excess Retained per Share	1.78	2.01	2.17
(=) Adjusted Dividend	2.48	2.72	2.87
WACC / Discount Rate	6.68%	6.68%	6.68%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$222.84	$578.43	$617.23
Upside / Downside	668.16%	1,893.91%	2,027.64%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	6,993.03	7,447.58	7,931.67	8,447.23	8,996.30	9,581.06	9,868.49
Payout Ratio	22.65%	36.12%	49.59%	63.06%	76.53%	90.00%	92.50%
Projected Dividends (M)	1,584.00	2,690.13	3,933.37	5,326.86	6,884.89	8,622.95	9,128.35

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.68%	6.68%	6.68%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	2,498.11	2,521.79	2,545.47
Year 2 PV (M)	3,391.89	3,456.49	3,521.71
Year 3 PV (M)	4,265.66	4,388.11	4,512.89
Year 4 PV (M)	5,119.77	5,316.66	5,519.18
Year 5 PV (M)	5,954.53	6,242.14	6,540.75
PV of Terminal Value (M)	171,503.18	179,786.85	188,387.56
Equity Value (M)	192,733.15	201,712.05	211,027.55
Shares Outstanding (M)	2,253.21	2,253.21	2,253.21
Fair Value	$85.54	$89.52	$93.66
Upside / Downside	194.85%	208.59%	222.84%

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

Analysis Mode

Ticker

Industry

Sector

BYD Electronic (International) Company Limited (0285.HK)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener