Implied Growth

Interpretation:  Implied market growth is the growth rate that equates intrinsic value to current market value, using a constant dividend growth valuation model if applicable.  The conditions for determining applicability is that the firm should be generating positive estimated economic dividends using either a residual income or a free cash flow to equity model, to support its current cash dividend policy.

*Implied growth rates derived from dividend growth model, FCF model and residual income model when applicable

Disclaimer: The information provided here is for educational purposes only and should not be considered for investment or any other purposes other than educational ones. These results are support material for teaching purposes. We make certain assumptions in our calculations and these numbers and ratio might differ based on changes in these assumptions. We will disclose more information on our calculation methodology shortly.