Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Abdulaziz and Mansour Ibrahim Albabtin Co. (9549.SR)

Company Dividend Discount ModelIndustry: Packaged FoodsSector: Consumer Defensive

Valuation Snapshot

Stable Growth$15.80 - $24.55$19.84
Multi-Stage$36.30 - $40.00$38.12
Blended Fair Value$28.98
Current Price$35.50
Upside-18.37%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20242023202220212020201920182017
DPS0.00%0.00%0.500.500.991.070.000.000.000.000.000.00
YoY Growth--0.00%-50.00%-6.85%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--1.13%1.13%2.12%1.67%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)5.72
(-) Cash Dividends Paid (M)1.70
(=) Cash Retained (M)4.02
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1.140.720.43
Cash Retained (M)4.024.024.02
(-) Cash Required (M)-1.14-0.72-0.43
(=) Excess Retained (M)2.883.313.59
(/) Shares Outstanding (M)3.423.423.42
(=) Excess Retained per Share0.840.971.05
LTM Dividend per Share0.500.500.50
(+) Excess Retained per Share0.840.971.05
(=) Adjusted Dividend1.341.471.55
WACC / Discount Rate6.31%6.31%6.31%
Growth Rate-2.00%-1.00%0.00%
Fair Value$15.80$19.84$24.55
Upside / Downside-55.50%-44.11%-30.86%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)5.725.675.615.555.505.445.61
Payout Ratio29.71%41.76%53.82%65.88%77.94%90.00%92.50%
Projected Dividends (M)1.702.373.023.664.284.905.19

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.31%6.31%6.31%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)2.202.232.25
Year 2 PV (M)2.622.672.73
Year 3 PV (M)2.953.043.14
Year 4 PV (M)3.223.353.49
Year 5 PV (M)3.433.613.79
PV of Terminal Value (M)109.66115.37121.32
Equity Value (M)124.08130.27136.71
Shares Outstanding (M)3.423.423.42
Fair Value$36.30$38.12$40.00
Upside / Downside2.27%7.37%12.68%

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