Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Mahube Infrastructure Limited (MHB.JO)

Company Dividend Discount ModelIndustry: Asset ManagementSector: Financial Services

Valuation Snapshot

Stable Growth$10.54 - $14.92$12.70
Multi-Stage$15.20 - $16.72$15.95
Blended Fair Value$14.32
Current Price$4.00
Upside258.12%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS0.00%0.00%0.000.350.000.600.330.400.670.880.000.00
YoY Growth---100.00%0.00%-100.00%81.82%-17.09%-40.45%-24.34%0.00%0.00%0.00%
Dividend Yield--0.00%7.95%0.00%10.00%6.60%7.96%11.14%14.72%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)88.95
(-) Cash Dividends Paid (M)0.03
(=) Cash Retained (M)88.92
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)17.7911.126.67
Cash Retained (M)88.9288.9288.92
(-) Cash Required (M)-17.79-11.12-6.67
(=) Excess Retained (M)71.1377.8082.25
(/) Shares Outstanding (M)55.1555.1555.15
(=) Excess Retained per Share1.291.411.49
LTM Dividend per Share0.000.000.00
(+) Excess Retained per Share1.291.411.49
(=) Adjusted Dividend1.291.411.49
WACC / Discount Rate10.00%10.00%10.00%
Growth Rate-2.00%-1.00%0.00%
Fair Value$10.54$12.70$14.92
Upside / Downside163.43%217.53%272.97%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)88.9588.0687.1886.3185.4484.5987.13
Payout Ratio0.03%18.03%36.02%54.01%72.01%90.00%92.50%
Projected Dividends (M)0.0315.8731.4046.6261.5376.1380.59

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate10.00%10.00%10.00%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)14.2914.4314.58
Year 2 PV (M)25.4325.9526.48
Year 3 PV (M)33.9735.0236.10
Year 4 PV (M)40.3542.0243.75
Year 5 PV (M)44.9347.2749.71
PV of Terminal Value (M)679.50714.88751.73
Equity Value (M)838.47879.59922.33
Shares Outstanding (M)55.1555.1555.15
Fair Value$15.20$15.95$16.72
Upside / Downside280.08%298.72%318.09%

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