Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Doha Insurance Group Q.P.S.C. (DOHI.QA)

Company Dividend Discount ModelIndustry: Insurance - DiversifiedSector: Financial Services

Valuation Snapshot

Stable Growth$29.06 - $80.40$75.35
Multi-Stage$11.33 - $12.40$11.86
Blended Fair Value$43.60
Current Price$2.52
Upside1,630.29%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS16.95%5.45%0.180.150.120.100.080.080.080.060.100.10
YoY Growth--17.15%28.41%17.84%26.10%-2.14%6.67%25.00%-40.00%0.00%-2.87%
Dividend Yield--7.31%6.54%5.98%5.15%3.98%7.64%6.27%4.39%6.04%5.22%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)201.65
(-) Cash Dividends Paid (M)93.57
(=) Cash Retained (M)108.08
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)40.3325.2115.12
Cash Retained (M)108.08108.08108.08
(-) Cash Required (M)-40.33-25.21-15.12
(=) Excess Retained (M)67.7582.8792.95
(/) Shares Outstanding (M)498.78498.78498.78
(=) Excess Retained per Share0.140.170.19
LTM Dividend per Share0.190.190.19
(+) Excess Retained per Share0.140.170.19
(=) Adjusted Dividend0.320.350.37
WACC / Discount Rate6.67%6.67%6.67%
Growth Rate5.50%6.50%7.50%
Fair Value$29.06$75.35$80.40
Upside / Downside1,053.29%2,890.04%3,090.58%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)201.65214.76228.72243.59259.42276.28284.57
Payout Ratio46.40%55.12%63.84%72.56%81.28%90.00%92.50%
Projected Dividends (M)93.57118.38146.02176.75210.86248.65263.23

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.67%6.67%6.67%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)109.93110.98112.02
Year 2 PV (M)125.92128.32130.74
Year 3 PV (M)141.54145.61149.75
Year 4 PV (M)156.81162.84169.04
Year 5 PV (M)171.72180.01188.62
PV of Terminal Value (M)4,947.695,186.675,434.79
Equity Value (M)5,653.615,914.426,184.95
Shares Outstanding (M)498.78498.78498.78
Fair Value$11.33$11.86$12.40
Upside / Downside349.79%370.54%392.07%

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