Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Al Masane Al Kobra Mining Company (1322.SR)

Company Dividend Discount ModelIndustry: Other Precious MetalsSector: Basic Materials

Valuation Snapshot

Stable Growth$35.18 - $58.71$45.54
Multi-Stage$31.04 - $33.69$32.34
Blended Fair Value$38.94
Current Price$73.50
Upside-47.02%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%1.550.731.900.000.000.000.000.000.000.00
YoY Growth--111.68%-61.41%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--2.77%1.32%3.48%0.00%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)250.86
(-) Cash Dividends Paid (M)184.16
(=) Cash Retained (M)66.70
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)50.1731.3618.81
Cash Retained (M)66.7066.7066.70
(-) Cash Required (M)-50.17-31.36-18.81
(=) Excess Retained (M)16.5335.3547.89
(/) Shares Outstanding (M)88.4688.4688.46
(=) Excess Retained per Share0.190.400.54
LTM Dividend per Share2.082.082.08
(+) Excess Retained per Share0.190.400.54
(=) Adjusted Dividend2.272.482.62
WACC / Discount Rate12.30%12.30%12.30%
Growth Rate5.50%6.50%7.50%
Fair Value$35.18$45.54$58.71
Upside / Downside-52.13%-38.04%-20.12%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)250.86267.17284.53303.03322.72343.70354.01
Payout Ratio73.41%76.73%80.05%83.36%86.68%90.00%92.50%
Projected Dividends (M)184.16204.99227.76252.61279.74309.33327.46

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate12.30%12.30%12.30%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)180.82182.53184.25
Year 2 PV (M)177.21180.59183.99
Year 3 PV (M)173.38178.35183.42
Year 4 PV (M)169.36175.87182.57
Year 5 PV (M)165.19173.16181.45
PV of Terminal Value (M)1,879.631,970.422,064.68
Equity Value (M)2,745.582,860.922,980.36
Shares Outstanding (M)88.4688.4688.46
Fair Value$31.04$32.34$33.69
Upside / Downside-57.77%-56.00%-54.16%

High-Yield Dividend Screener

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