CourseLover

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About CourseLover

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Teaching Since: May 2017
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  • MCS,MBA(IT), Pursuing PHD
    Devry University
    Sep-2004 - Aug-2010

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  • Assistant Financial Analyst
    NatSteel Holdings Pte Ltd
    Aug-2007 - Jul-2017

Category > Business & Finance Posted 09 Dec 2017 My Price 10.00

question is in relation to Stocks

This question is in relation to Stocks. Problem is below.

How do you calculate the growth rate for earnings per share when you do not have all of the info.

I have a spreadsheet attached and what is in red is the info that was given.  I want to know how to calculate growth.

 

 

Halliford Corporation expects to have earnings this coming year of $ 2.99
per share. Halliford plans to retain all of its earnings for the next two years. For the subsequent two years, the firm will retain 55 %
of its earnings. It will then retain 20 %
of its earnings from that point onward. Each year, retained earnings will be invested in new projects with an expected return of 20.03 %
per year. Any earnings that are not retained will be paid out as dividends. Assume Halliford's share count remains constant and all earnings growth comes from the investment of retained earnings. If Halliford's equity cost of capital is 11.1 %
what price would you estimate for Halliford stock?

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Answers

CourseLover
(12)
Status NEW Posted 09 Dec 2017 03:12 PM My Price 10.00

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