Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Atom Hoteles SOCIMI, S.A. (YATO.MC)

Company Dividend Discount ModelIndustry: REIT - Hotel & MotelSector: Real Estate

Valuation Snapshot

Stable Growth$135.57 - $714.24$244.65
Multi-Stage$84.51 - $92.22$88.30
Blended Fair Value$166.47
Current Price$14.80
Upside1,024.82%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018
DPS59.09%0.00%2.350.510.510.310.310.230.000.000.000.00
YoY Growth--362.66%0.00%63.78%0.00%34.50%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--19.24%5.20%5.20%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)133.57
(-) Cash Dividends Paid (M)92.15
(=) Cash Retained (M)41.42
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)26.7116.7010.02
Cash Retained (M)41.4241.4241.42
(-) Cash Required (M)-26.71-16.70-10.02
(=) Excess Retained (M)14.7124.7231.40
(/) Shares Outstanding (M)32.2832.2832.28
(=) Excess Retained per Share0.460.770.97
LTM Dividend per Share2.852.852.85
(+) Excess Retained per Share0.460.770.97
(=) Adjusted Dividend3.313.623.83
WACC / Discount Rate8.08%8.08%8.08%
Growth Rate5.50%6.50%7.50%
Fair Value$135.57$244.65$714.24
Upside / Downside815.98%1,553.05%4,725.98%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)133.57142.26151.50161.35171.84183.01188.50
Payout Ratio68.99%73.19%77.39%81.60%85.80%90.00%92.50%
Projected Dividends (M)92.15104.12117.25131.66147.43164.71174.36

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.08%8.08%8.08%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)95.4496.3497.24
Year 2 PV (M)98.51100.39102.28
Year 3 PV (M)101.38104.29107.26
Year 4 PV (M)104.06108.06112.18
Year 5 PV (M)106.56111.70117.05
PV of Terminal Value (M)2,222.222,329.562,441.00
Equity Value (M)2,728.162,850.342,977.00
Shares Outstanding (M)32.2832.2832.28
Fair Value$84.51$88.30$92.22
Upside / Downside471.02%496.59%523.10%

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