The required /
estimated growth rates used in the Gordon Growth Model calculations are lower than the historic growth rates that Hershey has provided and lower than estimated earnings growth over the next 5 years.
Not exact matches
The figure includes the unemployment
rate, the Fed's
estimate of the «natural
rate» — the lowest unemployment
rate they believe to be consistent with stable inflation at the 2 % target — year - over-year wage and price
growth (
using the core - PCE deflator, the Fed's preferred inflation benchmark right now).
Global spending on drones is likely to reach $ 9 billion this year and is expected to grow at a compound annual
growth rate of 30 percent in the next five years, according to research firm IDC, which
estimates more than half of that spending will be on drones for commercial
use.
While there are some signs of recognition such as the Fed's reduction in its
estimated neutral
rate from 4.5 percent to 3.0 percent during the last 2 years, the IMF's explicit
use of the term secular stagnation in its World Economic Outlook, ECB president Mario Draghi's call for global coordination and greater
use of fiscal policy, and Japan's indicated interest in fiscal - monetary cooperation, policymakers still have not made sufficiently radical adjustments in their world view to reflect this new reality of a world where generating adequate nominal GDP
growth is likely to be the primary macroeconomic policy challenge for the next decade.
The actual earnings
estimates for the underlying holdings are provided by FactSet, First Call, I / B / E / S Consensus, and Reuters and are
used to calculate a mean 3 - 5 year EPS
growth rate estimate.
The projections are developed
using internal forecasts, available industry and market data and
estimates of long - term
rates of
growth for our business.
As the figure above shows (
using a CBO
estimate of the natural
rate), the location of the actual unemployment
rate relative to its natural
rate is inversely, but weakly related to
growth in average hourly earnings.
Using the Great Barrier Reef as their study case, they
estimated the evolution of the region over the last 14,000 years and showed that (1) high sediment loads from catchments erosion prevented coral
growth during the early phase of sea level rise and favoured deep offshore sediment deposition; (2) how the fine balance between climate, sea level, and margin physiography enabled coral reefs to thrive under limited shelf sedimentation
rates at 6,000 years before present; and, (3) how over the last 3,000 years, the decrease of accommodation space led to the lateral extension of coral reefs consistent with available observational data.
Then by adding an amount of phosphorus that she
estimated to be equivalent to phosphorus found in the media
used by Wolfe - Simon's team, Redfield saw
growth rates equivalent to what Wolfe - Simon saw.
To keep up with rising demand, library spending on ebooks grew at a compound annual
growth rate of 38 % for the past four years, from $ 30 million in 2009 — according to a Public Libraries Survey conducted by the Institute of Museum and Library Services (IMLS)-- to more than $ 110 million in 2013 — according to a 2013
estimate from the Primary Research Group's report on library
use of ebooks.
Using a discounted cash flow analysis (EPS = 5.87, 10 yr
growth rate = 13 % (based on previous years), terminal
growth rate = 4 %, discount
rate = 10 %) I come up with a fair value
estimate of $ 125.43, in line with the analyst consensus.
In Apple's case, the software
uses a default P / E of 16.9, based on Apple's
estimated forward
growth rate that we saw earlier.
Using a two stage dividend discount model, with 15 % estimated dividend growth for the first 10 - years and 6 % terminal dividend growth, and using a 12 % discount rate, I calculate that the fair price for the stock is
Using a two stage dividend discount model, with 15 %
estimated dividend
growth for the first 10 - years and 6 % terminal dividend
growth, and
using a 12 % discount rate, I calculate that the fair price for the stock is
using a 12 % discount
rate, I calculate that the fair price for the stock is $ 56.
In cases where spin - offs or divestitures obscure 10 year
growth rate calculations, either fewer years are
used to calculate the
growth rate, or an
estimate of
growth is
used.
(Malkiel appears to
use recent history to
estimate the dividend
growth rate, but other methods also exist such as multiplying the market's aggregate return on equity by its retention ratio, the percentage of earnings that the market does not pay out in dividends.)
The actual earnings
estimates for the underlying holdings are provided by FactSet, First Call, I / B / E / S Consensus, and Reuters and are
used to calculate a mean 3 - 5 year EPS
growth rate estimate.
I
used the current yield of the Morningstar Dividend Investor newsletter Builder portfolio (3.5 %) and Harvest portfolio (6.1 %) along with their
estimated growth rates (8 % to 10 % and 2 % to 4 %, respectively).
[i] Also, many cost - benefit analyses
use high discount
rates to
estimate the future costs of climate change, which is questionable both on ethical grounds and because it assumes economic
growth can continue indefinitely.
Since it is impossible to know which elements, if any, of these models are correct, we
used an average of all 13 scenarios to approximate
growth rates for the various energy types as a means to
estimate trends to 2040 indicative of hypothetical 2oC pathways.
Using the
growth rates from the Assessed 2oC Scenarios and a standard baseline for 2010 demand, oil demand is
estimated to decline on average from about 95 million barrels per day in 2016 to about 78 million barrels per day in 2040.
By all
estimates I've seen, population
growth is projected to slow down sharply from the
rates we saw over the late 20th century period you are
using for establishing your curve.
Using the UN's «medium fertility» population
growth rate projection and the assumed higher per capita carbon footprint plus the assumption that 50 % of the emitted CO2 will «remain» in the atmosphere, we arrive at an
estimated atmospheric CO2 concentration of 640 ppmv by 2100.
Using new recruitment and natural survival
estimates (Tables 3, 4), the 10 - year mean un-harvested geometric population
growth rate is 0.98 ± 0.001 (Peacock 2009; see Research in Canada, this volume).
Previous
estimates, including those
used by the Intergovernmental Panel on Climate Change,
estimated a much smaller
growth rate of 2.5 to 5 percent per year for China and surrounding nations.
Growth rates for atmospheric composition were estimated using emission growth rates, since there is a strong correl
Growth rates for atmospheric composition were
estimated using emission
growth rates, since there is a strong correl
growth rates, since there is a strong correlation.
Complicated economic models have been
used to
estimate the effects of cutting emissions on
growth rates.
Anderson argues that actual emissions
growth rates are much higher than those
used by most IAMs, and that even ambitious emission peaks are much nearer 2020 — 2030 than the naïve
estimates of 2010 — 2016
used by most models.
The RCS method of generating expected
growth values does not
use diameter and as a result produces poor
estimates of tree
growth rates.
Problems which arise in the RCS method from the
use of mean ring width at a specific ring age to
estimate the
growth rates of trees are discussed in detail in Chapter 5.
For
estimating total ten - year costs, the Department
used the Bell study, which showed an average annual
growth rate of 3.7 percent in the number of studies reviewed by IRBs.
Using our standard
growth rate for patients, the total cost for notices is
estimated to be $ 391 million for the ten - year period.
«Declines in expected future cash flows, reduction in future unit volume
growth rates, or an increase in the risk - adjusted discount
rate used to
estimate the fair value of the Phone Hardware reporting unit may result in a determination that an impairment adjustment is required, resulting in a potentially material charge to earnings,» according to the 10 - Q.
In particular, historical cap
rate data can help calibrate (
estimate the parameters) of econometric equations that can then be
used in combination with forecasts of local market indicators such as rent
growth, price
growth, interest
rates and other variables to forecast the path of cap
rates.