The equity section sure goes through a heck of a lot of detail on discounting stuff using growth rates:
Dividends, Free Cashflow or Residual Income.
But what growth rates to use?
Doing a recent question I was given EPS growth rate.
Now I think that EPS growth should be the same a intrinsic growth rate (bxROE) given a stable payout ratio and D/E
so my when question is:
are there any time when I must __not__ use the intrinsic growth (=bROE) or do I __always__ need to find it and use it?
Thank you |
发表于 2011-7-13 17:11
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