Definitive Analysis
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Definitive Analysis

Financial Statements

Mode

Ticker

Industry

Sector

Zeda Limited (ZZD.JO)

Company Dividend Discount ModelIndustry: Rental & Leasing ServicesSector: Industrials

Valuation Snapshot

Stable Growth$47.59 - $68.31$57.72
Multi-Stage$74.34 - $81.75$77.97
Blended Fair Value$67.84
Current Price$12.57
Upside439.73%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019
DPS0.00%0.00%0.000.530.026.210.690.281.200.000.000.00
YoY Growth---100.00%2,418.98%-99.66%795.39%144.31%-76.41%0.00%0.00%0.00%0.00%
Dividend Yield--0.00%3.83%0.17%45.63%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)1,271.47
(-) Cash Dividends Paid (M)142.89
(=) Cash Retained (M)1,128.59
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)254.29158.9395.36
Cash Retained (M)1,128.591,128.591,128.59
(-) Cash Required (M)-254.29-158.93-95.36
(=) Excess Retained (M)874.29969.651,033.23
(/) Shares Outstanding (M)186.59186.59186.59
(=) Excess Retained per Share4.695.205.54
LTM Dividend per Share0.770.770.77
(+) Excess Retained per Share4.695.205.54
(=) Adjusted Dividend5.455.966.30
WACC / Discount Rate9.23%9.23%9.23%
Growth Rate-2.00%-1.00%0.00%
Fair Value$47.59$57.72$68.31
Upside / Downside278.57%359.18%443.47%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,271.471,258.761,246.171,233.711,221.371,209.161,245.43
Payout Ratio11.24%26.99%42.74%58.50%74.25%90.00%92.50%
Projected Dividends (M)142.89339.74532.65721.66906.841,088.241,152.03

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.23%9.23%9.23%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)307.90311.04314.18
Year 2 PV (M)437.48446.46455.52
Year 3 PV (M)537.17553.79570.74
Year 4 PV (M)611.75637.10663.24
Year 5 PV (M)665.32699.96736.04
PV of Terminal Value (M)11,310.7211,899.6912,512.95
Equity Value (M)13,870.3514,548.0515,252.67
Shares Outstanding (M)186.59186.59186.59
Fair Value$74.34$77.97$81.75
Upside / Downside491.39%520.28%550.32%

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