Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Abdullah Saad Mohammed Abo Moati for Bookstores Company (4191.SR)

Company Dividend Discount ModelIndustry: Specialty RetailSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$13.65 - $21.66$17.30
Multi-Stage$18.89 - $20.63$19.74
Blended Fair Value$18.52
Current Price$44.48
Upside-58.36%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS20.11%3.20%1.001.510.500.500.500.400.450.440.450.00
YoY Growth---33.33%200.00%0.00%0.00%25.00%-10.11%0.66%-1.76%0.00%-100.00%
Dividend Yield--2.56%5.45%1.46%1.75%0.94%2.46%3.19%4.83%4.36%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)26.12
(-) Cash Dividends Paid (M)20.00
(=) Cash Retained (M)6.12
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)5.223.271.96
Cash Retained (M)6.126.126.12
(-) Cash Required (M)-5.22-3.27-1.96
(=) Excess Retained (M)0.902.864.16
(/) Shares Outstanding (M)19.9019.9019.90
(=) Excess Retained per Share0.050.140.21
LTM Dividend per Share1.001.001.00
(+) Excess Retained per Share0.050.140.21
(=) Adjusted Dividend1.051.151.21
WACC / Discount Rate8.98%8.98%8.98%
Growth Rate1.20%2.20%3.20%
Fair Value$13.65$17.30$21.66
Upside / Downside-69.31%-61.10%-51.30%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)26.1226.7027.2827.8828.5029.1229.99
Payout Ratio76.56%79.25%81.94%84.63%87.31%90.00%92.50%
Projected Dividends (M)20.0021.1622.3523.6024.8826.2127.75

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.98%8.98%8.98%
Growth Rate1.20%2.20%3.20%
Year 1 PV (M)19.2219.4119.60
Year 2 PV (M)18.4618.8219.19
Year 3 PV (M)17.7018.2318.77
Year 4 PV (M)16.9617.6418.34
Year 5 PV (M)16.2317.0517.90
PV of Terminal Value (M)287.27301.75316.81
Equity Value (M)375.84392.90410.61
Shares Outstanding (M)19.9019.9019.90
Fair Value$18.89$19.74$20.63
Upside / Downside-57.54%-55.61%-53.61%

High-Yield Dividend Screener

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