Definitive Analysis
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Definitive Analysis

Financial Statements

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Ticker

Industry

Sector

Attacq Limited (ATT.JO)

Company Dividend Discount ModelIndustry: REIT - DiversifiedSector: Real Estate

Valuation Snapshot

Stable Growth$28.37 - $42.46$35.06
Multi-Stage$54.74 - $60.22$57.42
Blended Fair Value$46.24
Current Price$14.07
Upside228.64%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS0.00%0.00%0.000.580.780.000.000.841.120.000.000.00
YoY Growth---100.00%-25.52%0.00%0.00%-100.00%-24.84%0.00%0.00%0.00%0.00%
Dividend Yield--0.00%5.22%9.18%0.00%0.00%16.81%8.61%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)2,451.77
(-) Cash Dividends Paid (M)813.80
(=) Cash Retained (M)1,637.97
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)490.35306.47183.88
Cash Retained (M)1,637.971,637.971,637.97
(-) Cash Required (M)-490.35-306.47-183.88
(=) Excess Retained (M)1,147.621,331.501,454.09
(/) Shares Outstanding (M)716.98716.98716.98
(=) Excess Retained per Share1.601.862.03
LTM Dividend per Share1.141.141.14
(+) Excess Retained per Share1.601.862.03
(=) Adjusted Dividend2.742.993.16
WACC / Discount Rate7.45%7.45%7.45%
Growth Rate-2.00%-1.00%0.00%
Fair Value$28.37$35.06$42.46
Upside / Downside101.64%149.16%201.78%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)2,451.772,427.262,402.982,378.952,355.162,331.612,401.56
Payout Ratio33.19%44.55%55.92%67.28%78.64%90.00%92.50%
Projected Dividends (M)813.801,081.441,343.641,600.491,852.062,098.452,221.44

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.45%7.45%7.45%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)996.291,006.461,016.62
Year 2 PV (M)1,140.391,163.781,187.41
Year 3 PV (M)1,251.441,290.141,329.63
Year 4 PV (M)1,334.141,389.431,446.42
Year 5 PV (M)1,392.611,465.121,540.63
PV of Terminal Value (M)33,131.4534,856.6836,653.04
Equity Value (M)39,246.3141,171.6143,173.76
Shares Outstanding (M)716.98716.98716.98
Fair Value$54.74$57.42$60.22
Upside / Downside289.04%308.13%327.97%

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