learn.howToCalculate
learn.whatIsHeading
Dividend Discount Model values stock as present value of all future dividends: P = D₁/(r-g) where D₁ is next dividend, r is return, g is growth.
ステップバイステップガイド
- 1Input next dividend, growth rate, required return
- 2Calculate intrinsic value
- 3Compare to market price for investment decision
解いた例
入力
Dividend $2, growth 5%, required return 10%
結果
Intrinsic value = $2 / (0.10-0.05) = $40
Highly sensitive to assumptions
避けるべきよくある間違い
- ✕Using inappropriate growth rate
- ✕Assuming growth perpetual (unrealistic)
- ✕Neglecting terminal value
よくある質問
Does DDM work for non-dividend stocks?
Not directly; requires expected future dividends or assumes buyback equivalent.
計算する準備はできましたか?無料の Dividend Discount 計算機をお試しください
自分で試してみる→