在这部著作中,最令人瞩目的就是著名的戈登股利增长模型和“手中之鸟”理论。 他提出的戈登增长模型(Gordon Growth Model)在金融学中具有重要地位,该模型用于估算股票的内在价值和评估投资回报。他的研究成果和理论观点在学术界和实践界都产生了深远的影响。 股息贴现模型(Dividend Discount Model, DDM)是一种用来估算...
John Burr Williams的著作和他1938年出版的有关投资价值理论的著作对戈登模型的传播产生了深远影响。 该模型根据未来以恒定速率增长的一系列股息来确定股票的内在价值(Intrinsic value)。戈登股利增长模型是股息贴现模型(Dividend Discount Model,DDM)非常流行的一种变体。 戈登增长模型公式 其中: P:股票价格(公允价值) ...
Calculation under Dividend Discount Model using Gordon Growth Rate: In this case too, we will assume that the firm pays 4, $5, $6, $7 and $8 in each of the 5 years of the horizon period. This is the part where both the models remain the same. However, instead of assuming that th...
The Gordon Growth Model calculates a company’s intrinsic value under the assumption that its shares are worth the sum of all its future dividends discounted back to their present value (PV). Considered the simplest variation of the dividend discount model (DDM), the single-stage Gordon Growth ...
According to different assumptions, there are several formulas for the dividend discount model. Ordinary investors may wish to start with the most commonly used Gordon model (Gordonmodel). The Gordon model is very simple. There are three variables: the dividend payout (D1), the rate of return...
GGM relies on dividend growth projections and an expected rate of return to estimate the value of a company’s shares. What is the Gordon Growth Model (GGM)? The Gordon Growth Model (GGM), also known as the dividend discount model, is a valuation method that helps investors estimate the ...
The Gordon Growth Model – otherwise described as the dividend discount model – is astockvaluation methodthat calculates a stock’s intrinsic value. Therefore, this method disregards current market conditions. Investors can then compare companies against other industries using this simplified model. ...
Gordon Growth Model Formula The term “Gordon Growth Model” refers to the method of stock valuation based on the present value of the stock’s future dividends, irrespective of the current market conditions. TheGordon Growth Modelis also referred to as thedividend discount model. The formula is...
TheGordon Growth Modelis also known as thedividend discount model. It measures the value of a publicly traded stock by summing the values of all its expected future dividend payments discounted back to their present values. It essentially values a stock based on thenet present value (NPV...
Basing on the Gordon model perspective and applying multiple criteria decision making (MCDM), this research explores the influential factors and relative weight of dividend, discount rate, and dividend growth rate. The purpose is to establish an investment decision model and provides investors with a...