Intrinsic Value Calculator — Dividend Discount Model
Estimate per-share value from annual dividends and the cost of equity with a two-stage dividend model.
Illustrative example result
Scenario value per share: 30.3771 in your input currency. Present value of dividends: 8.716242; discounted terminal price: 21.660859. No net debt deduction.
| 1 | 2.1 | 1.9091 |
| 2 | 2.205 | 1.8223 |
| 3 | 2.3153 | 1.7395 |
| 4 | 2.431 | 1.6604 |
| 5 | 2.5526 | 1.5849 |
Per-share value sensitivity
| 9% | 2% | 33.1254 |
| 9% | 2.5% | 35.1125 |
| 9% | 3% | 37.4308 |
| 10% | 2% | 28.9242 |
| 10% | 2.5% | 30.3771 |
| 10% | 3% | 32.0375 |
| 11% | 2% | 25.6586 |
| 11% | 2.5% | 26.7576 |
| 11% | 3% | 27.9939 |
How to read these results
Formula & calculation basis
Project annual dividend per share D₀ × (1 + first-stage growth)^t. Discount each dividend at the cost of equity. Add the discounted terminal price Dₙ × (1 + stable growth) / (cost of equity − stable growth). Inputs and outputs are per share; debt is not subtracted and no enterprise value is calculated.
Coverage & limitations
Use for dividend-paying businesses where the payout assumptions represent sustainable distributions. Zero or negative dividends are rejected. This model does not value retained earnings independently and is unsuitable for a company that does not pay dividends.
Sources & update policy
Example inputs are synthetic and are not company data or a forecast. The formula version is dated 2026-10-28. Calculations do not fetch market data.
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