Beazer Homes USA, Inc. (BZH) Two-Stage Excess Return Model - Discounting Cash Flows
Beazer Homes USA, Inc.
BZH (NYSE)

Estimated Value

USD

Market Price USD

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

Two-Stage Excess Return Model

Used to estimate the value of companies based on two stages of growth. An initial period of high growth, represented by [Sum of discounted excess returns in Growth Stage], followed by a period of stable growth, represented by [Discounted excess return in terminal stage]. Excess Return models are better suited to calculate the intrinsic value of a financial company than an enterprise valuation model (such as the Discounted Free Cash Flow Model).

Read more: GitHub Documentation

Interactive Assumptions

Results

Estimated Value 85.14 USD
Book value of equity invested 40.77 USD
Sum of discounted excess returns in Growth Stage 12.5 USD
Terminal stage EPS 18.92 USD
Terminal stage Book Value 100.1 USD
Terminal stage Equity Cost 13.47 USD
Discounted excess return in terminal stage 31.87 USD
Excess Returns in the Terminal Stage 59.93 USD
Terminal Cost of Equity (the discount rate) 13.46%
Terminal year's excess return 5.45 USD
Average historical Return on Equity 18.91%
Average historical Payout Ratio -136.1%
Payout Ratio in stable stage 76.94%
Yield of the U.S. 10 Year Treasury Bond 4.36%

Historical and Forecasted Data

In USD

Edit Chart Values 2025 2026 2027 2028 2029

amounts of USD except for #

2024 LTM 2025 2026 2027 2028 2029
Beginning Book Value 36.33 40.33 40.33 55.09 70.8 85.3 95.89
Ending Book Value 40.33 40.77 55.09 70.8 85.3 95.89 100.1
EPS 4.59 -1.47 7.63 10.42 13.39 16.13 18.13
Return on Equity 12.71% 7.72% 18.91% 18.91% 18.91% 18.91% 18.91%
Dividend per Share
2.0 -7.13 -5.3 -1.11 5.54 13.95
Payout Ratio -93.45% -136.1% -93.45% -50.86% -8.26% 34.34% 76.94%
Retained Earnings
-3.47 14.75 15.71 14.49 10.59 4.18
Equity Cost 4.89 5.43 5.43 7.41 9.53 11.48 12.91
Cost of Equity 13.46% 13.46% 13.46% 13.46% 13.46% 13.46% 13.46%
Excess Return -0.3 -6.9 2.2 3.0 3.86 4.65 5.23
Discounted Excess Return
1.94 2.33 2.64 2.81 2.78

amounts of USD except for #

Average LTM 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Net Income 94.97 95.18 140.2 158.6 220.7 122 52.23 -79.42 -45.38 31.81 4.69 344.1
Total Stockholders Equity 814.4 1,228 1,232 1,103 939.3 724.9 593.2 538.8 644 682.4 642.9 630.4
Return on Equity 18.91% 7.72% 12.71% 16.89% 30.45% 20.57% 9.69% -12.33% -6.65% 4.95% 0.744% 123.3%
Dividends Paid to Common Shareholders 60.24 60.24
Payout Ratio -97.33% -136.1% -93.45% -93.45% -93.45% -93.45% -93.45% -93.45% -93.45% -93.45% -93.45% -93.45%
Shares Outstanding 30.48 30.12 30.55 30.35 30.43 29.95 29.7 30.62 32.14 31.95 31.8 27.63
Earnings per Share 2.82 -1.47 4.59 5.23 7.25 4.07 1.76 -2.59 -1.41 1 0.15 12.45
Dividend per Share 2.0 2.0
Dividend Growth Rate
Book Value 26.77 40.77 40.33 36.33 30.87 24.2 19.97 17.6 20.04 21.36 20.22 22.82
discounting cash flows home logo

Discounting Cash Flows

Are you finding our services helpful? Review us on trustpilot logo Trustpilot
Have a question? Contact us