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Use this calculator to estimate the intrinsic value of common shares. The model will forecast payouts to common equity (divideds and repurchases) for the next five years. Net income will growt at the fundamental rate for three years before declining to the stable rate. The fundamental rate is calculated as the ROE x reinvestment rate. It's best for big, mature, stable companies. Enter inputs below and click the Calculate button. Make sure your units are consistent (millions, billions, etc.)

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Financials	TTM	1 year ago	2 years ago
Net income to common equity
Common equity, book value
Ordinary dividends
Special dividends
Repurchase of common shares
Issuance of common shares
Intangible assets capitalised
Intangible net capex
Common shares outstanding

Assumptions	Value
Cost of equity, %
Stable growth rate, %
Stable return on equity, %	Current return on equity Current cost of equity Average of ROE and COE Input

Calculate

Metric	Value
Return on equity
Payout ratio
Net income growth rate
Stable return on equity
Stable payout ratio
Normalised net income

Year	Growth	Net income	Payout ratio	Free cash flow	Discount factor	Present value
TTM
1
2
3
4
5
Stable

Value of common equity
(÷) Shares oustanding
(=) Value per share

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