Hang on you have to make some SD adjustments to make it work. See ANZ thread.
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Looking at the 'investorwords' example, in all cases the growth in the company's dividends is less than the company's cost of equity capital. So your overoptimistic inputs Winner, with a discount rate less than the divdend growth rate, are apparently, not allowed.
SNOOPY
Snoopy I am sure it will not surprise you that I think they can grow dividends in line with EPS growth. Consensus analyst forecast on 4traders is for meaningful growth in EPS for the next 3 years and I am happy with their figures.
May I suggest you rework the dividend valuation model using average brokers consensus EPS growth figures for the next 3 years.
snoopy hound dog
1/ Adjust growth to zero.
LOL this hound feels like biting a chunk out of the other hound after reading that then the Tiger could give him a good clawing and send him back to his kennel in disgrace :D
Honestly to suggest this company can't grow dividends going forward is in my opinion a seriously flawed viewpoint. Far more likely that housing will continue to maintain close to its real current value and UDC will continue to do what its always done. Doomsday thinking way overdone Snooper.
For some reason whilst reading this Snoopy post I was reminded of this mildly enjoyable song:
https://www.youtube.com/watch?v=urglg3WimHA
Stay till the end.
Best Wishes
Paper Tiger