Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Hedab Alkhaleej Trading Co. (9631.SR)

Company Dividend Discount ModelIndustry: Industrial - SpecialtiesSector: Industrials

Valuation Snapshot

Stable Growth$71.85 - $117.94$92.38
Multi-Stage$222.46 - $245.56$233.78
Blended Fair Value$163.08
Current Price$41.90
Upside289.21%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022
DPS0.00%0.00%0.980.000.000.000.000.000.000.000.000.00
YoY Growth--0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--2.08%0.00%0.00%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)44.52
(-) Cash Dividends Paid (M)6.70
(=) Cash Retained (M)37.82
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)8.905.573.34
Cash Retained (M)37.8237.8237.82
(-) Cash Required (M)-8.90-5.57-3.34
(=) Excess Retained (M)28.9232.2634.48
(/) Shares Outstanding (M)6.836.836.83
(=) Excess Retained per Share4.234.725.05
LTM Dividend per Share0.980.980.98
(+) Excess Retained per Share4.234.725.05
(=) Adjusted Dividend5.215.706.03
WACC / Discount Rate5.11%5.11%5.11%
Growth Rate-2.00%-1.00%0.00%
Fair Value$71.85$92.38$117.94
Upside / Downside71.49%120.47%181.47%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)44.5244.0843.6443.2042.7742.3443.61
Payout Ratio15.05%30.04%45.03%60.02%75.01%90.00%92.50%
Projected Dividends (M)6.7013.2419.6525.9332.0838.1140.34

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.11%5.11%5.11%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)12.4712.6012.72
Year 2 PV (M)17.4317.7818.15
Year 3 PV (M)21.6622.3323.01
Year 4 PV (M)25.2326.2827.36
Year 5 PV (M)28.2329.7031.23
PV of Terminal Value (M)1,414.401,488.051,564.73
Equity Value (M)1,519.411,596.731,677.20
Shares Outstanding (M)6.836.836.83
Fair Value$222.46$233.78$245.56
Upside / Downside430.93%457.95%486.07%

High-Yield Dividend Screener

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