Activision Blizzard, Inc. (ATVI) Two-Stage Dividend Discount Model - Discounting Cash Flows
Activision Blizzard, Inc.
ATVI (NASDAQ)

Estimated Value

USD

Market Price USD

* Values are not guaranteed, please do your own
research before making investment decisions.

Two-Stage Dividend Discount Model

Used to estimate the value of companies based on two stages of growth. An initial period of high growth, calculated using [Sum of Discounted Dividends], followed by a period of stable growth, calculated using [Discounted Terminal Value].

Read more: GitHub Documentation

Interactive Assumptions

Results

Sum of discounted dividends 5.25 USD
Discounted terminal value 185.7 USD
Terminal value 247.4 USD
Dividend in stable phase 3.96 USD
EPS in stable phase 5.94 USD
Average historical Dividend Growth Rate 11.38%
Average historical Payout Ratio 27.09%
Average historical Return on Equity 12.92%

Historical and Projected Dividends

In USD

Edit Chart Values 2025 2026 2027 2028 2029

amounts of USD except for #

2024 LTM 2025 2026 2027 2028 2029
Earnings Per Share
2.77 3.7 4.12 4.59 5.11 5.69
Dividend per Share
0.99 1.0 1.12 1.24 1.38 1.54
Dividend Growth Rate
11.38% 11.38% 11.38% 11.38%
Discounted Dividend
0.99 0.946 0.995 1.05 1.1 1.16

amounts of USD except for #

Average LTM 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Net Income 1,558 2,165
1,513 2,699 2,197 1,503 1,813 273 966 892
Equity 13,720 20,793
19,243 17,599 15,037 12,805 11,357 9,462 9,119 8,068
Return on Equity 12.92%
8.6% 17.95% 17.16% 13.23% 19.16% 2.99% 11.97% 12.33%
Common Dividends 328.4 778.1
367.5 365.2 316.1 283.8 259.1 226.2 192.4 167.4
Payout Ratio 27.09% 35.74%
24.48% 13.54% 14.39% 18.88% 14.47% 83.33% 20% 19.01%
Shares Outstanding 763 786
782 777 771 767 762 754 740 728
Reference Market Price 66.89 94.42
94.42 76.55 66.53 92.85 59.42 46.57 63.32 36.11 38.71
EPS 2.02 2.77
1.92 3.47 2.85 1.96 2.35 0.36 1.3 1.21
Dividend per Share 0.427 0.99
0.47 0.47 0.41 0.37 0.34 0.3 0.26 0.23
Dividend Growth Rate 13%
0% 14.63% 10.81% 8.82% 13.33% 15.38% 13.04% 15%
Dividend Yield 0.661% 1.05%
0.614% 0.706% 0.442% 0.623% 0.73% 0.474% 0.72% 0.594%
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Discounting Cash Flows

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