benefit from using the dividend discount model, and we pledge
The dividend discount model is a widely accepted stock valuation tool found in most introductory finance and investment textbooks.
The shares are attractively valued, ranking in the second quintile on our Dividend Discount Model
and offer good upside potential.
This view is supported by our Dividend Discount Model
where Tate & Lyle ranks in the upper quintiles.
AB Foods shares look reasonably valued, in the second quintile of the global rankings on our Dividend Discount Model
On the dividend discount model
, Sky ranks top quintile globally and second quintile on a regional basis.
The shares offer good upside potential against our fair value target of 460p, which is a blend derived from a dividend discount model
based on our present estimates and a 10pc P/E ratio discount to its European peer group on 2005 forecasts.
Since direct capitalization is similar to dividend discount models
in financial markets, the NOI is assumed to be a perpetuity.