Definitive Analysis
Definitive Analysis

Financial Statements

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Ticker

Industry

Sector

Mobimo Holding AG (0QQY.L)

Company Dividend Discount ModelIndustry: Real Estate - DiversifiedSector: Real Estate

Valuation Snapshot

Stable Growth$293.95 - $445.54$365.26
Multi-Stage$705.69 - $777.93$741.10
Blended Fair Value$553.18
Current Price$324.50
Upside70.47%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-11.27%-4.75%5.005.009.109.109.109.103.778.578.578.14
YoY Growth---0.01%-45.02%0.03%-0.02%0.01%141.23%-56.01%0.03%5.24%0.05%
Dividend Yield--1.71%1.92%3.86%3.01%3.22%3.19%1.62%3.32%3.40%3.70%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)247.33
(-) Cash Dividends Paid (M)73.65
(=) Cash Retained (M)173.68
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)49.4730.9218.55
Cash Retained (M)173.68173.68173.68
(-) Cash Required (M)-49.47-30.92-18.55
(=) Excess Retained (M)124.21142.76155.13
(/) Shares Outstanding (M)7.257.257.25
(=) Excess Retained per Share17.1219.6821.39
LTM Dividend per Share10.1510.1510.15
(+) Excess Retained per Share17.1219.6821.39
(=) Adjusted Dividend27.2829.8331.54
WACC / Discount Rate6.35%6.35%6.35%
Growth Rate-2.68%-1.68%-0.68%
Fair Value$293.95$365.26$445.54
Upside / Downside-9.41%12.56%37.30%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)247.33243.18239.10235.08231.14227.26234.08
Payout Ratio29.78%41.82%53.87%65.91%77.96%90.00%92.50%
Projected Dividends (M)73.65101.70128.79154.95180.19204.54216.52

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.35%6.35%6.35%
Growth Rate-2.68%-1.68%-0.68%
Year 1 PV (M)94.6595.6396.60
Year 2 PV (M)111.56113.87116.19
Year 3 PV (M)124.92128.81132.78
Year 4 PV (M)135.20140.84146.66
Year 5 PV (M)142.83150.32158.12
PV of Terminal Value (M)4,509.934,746.444,992.78
Equity Value (M)5,119.095,375.915,643.13
Shares Outstanding (M)7.257.257.25
Fair Value$705.69$741.10$777.93
Upside / Downside117.47%128.38%139.73%

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