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Mufeed Company (9615.SR)

Company Dividend Discount ModelIndustry: Rental & Leasing ServicesSector: Industrials

Valuation Snapshot

Stable Growth$151.27 - $228.66$187.74
Multi-Stage$306.12 - $336.85$321.19
Blended Fair Value$254.46
Current Price$71.00
Upside258.40%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022
DPS0.00%0.00%6.250.000.000.000.000.000.000.000.000.00
YoY Growth--0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--8.80%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)92.85
(-) Cash Dividends Paid (M)33.00
(=) Cash Retained (M)59.85
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)18.5711.616.96
Cash Retained (M)59.8559.8559.85
(-) Cash Required (M)-18.57-11.61-6.96
(=) Excess Retained (M)41.2848.2452.88
(/) Shares Outstanding (M)5.285.285.28
(=) Excess Retained per Share7.829.1310.01
LTM Dividend per Share6.256.256.25
(+) Excess Retained per Share7.829.1310.01
(=) Adjusted Dividend14.0715.3816.26
WACC / Discount Rate7.11%7.11%7.11%
Growth Rate-2.00%-1.00%0.00%
Fair Value$151.27$187.74$228.66
Upside / Downside113.05%164.42%222.05%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)92.8591.9291.0090.0989.1988.3090.94
Payout Ratio35.54%46.43%57.33%68.22%79.11%90.00%92.50%
Projected Dividends (M)33.0042.6852.1761.4670.5579.4784.12

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.11%7.11%7.11%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)39.4439.8540.25
Year 2 PV (M)44.5545.4746.39
Year 3 PV (M)48.5150.0151.54
Year 4 PV (M)51.4753.6055.80
Year 5 PV (M)53.5756.3659.27
PV of Terminal Value (M)1,379.041,450.851,525.62
Equity Value (M)1,616.581,696.131,778.86
Shares Outstanding (M)5.285.285.28
Fair Value$306.12$321.19$336.85
Upside / Downside331.16%352.38%374.44%

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