GrafTech International Ltd. (EAF) Two-Stage Excess Return Model - Discounting Cash Flows
GrafTech International Ltd.
EAF (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 -19.72 USD
Book value of equity invested -0.393 USD
Sum of discounted excess returns in Growth Stage -3.35 USD
Terminal stage EPS -1.97 USD
Terminal stage Book Value -1.78 USD
Terminal stage Equity Cost -0.194 USD
Discounted excess return in terminal stage -15.98 USD
Excess Returns in the Terminal Stage -26.8 USD
Terminal Cost of Equity (the discount rate) 10.89%
Terminal year's excess return -1.78 USD
Average historical Return on Equity 110.6%
Average historical Payout Ratio 3.65%
Payout Ratio in stable stage 96.15%
Yield of the U.S. 10 Year Treasury Bond 4.26%

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 0.304 -0.306 -0.306 -0.57 -0.944 -1.37 -1.71
Ending Book Value -0.306 -0.393 -0.57 -0.944 -1.37 -1.71 -1.78
EPS -0.51 -0.537 -0.339 -0.63 -1.04 -1.52 -1.89
Return on Equity -167.6% 177% 110.6% 110.6% 110.6% 110.6% 110.6%
Dividend per Share
0.04 -0.075 -0.256 -0.618 -1.18 -1.82
Payout Ratio 22.15% -7.45% 22.15% 40.65% 59.15% 77.65% 96.15%
Retained Earnings
-0.577 -0.264 -0.374 -0.426 -0.339 -0.073
Equity Cost 0.033 -0.033 -0.033 -0.062 -0.103 -0.149 -0.186
Cost of Equity 10.89% 10.89% 10.89% 10.89% 10.89% 10.89% 10.89%
Excess Return -0.543 -0.504 -0.305 -0.568 -0.941 -1.37 -1.7
Discounted Excess Return
-0.275 -0.462 -0.69 -0.904 -1.02

amounts of USD except for #

Average LTM 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Net Income 172.4 -139.6 -131.2 -255.2 383 388.3 434.4 744.6 854.2 7.98 -235.8 -154.2
Total Stockholders Equity -169 -101.5 -78.9 78.25 337.7 23.4 -329.4 -691.1 -1,077 -1,409 577.4 810.5
Return on Equity 110.6% 177% -167.6% -75.58% 1,636% -117.9% -62.86% -69.15% -60.64% 1.38% -29.1% -15.35%
Dividends Paid to Common Shareholders 32.09 10.33
10.35 10.65 30.81 98.28
Payout Ratio 13.74% -7.45% 22.15% 22.15% 2.7% 2.74% 7.1% 13.18% 22.15% 22.15% 22.15% 22.15%
Shares Outstanding 278.1 258.4 257.7 257 258.8 266.3 267.9 289.1 297.7 302.2 302.2 302.2
Earnings per Share 0.61 -0.537 -0.51 -0.99 1.48 1.46 1.62 2.58 2.87 0.03 -0.78 -0.51
Dividend per Share 0.115 0.04
0.04 0.04 0.115 0.34
Dividend Growth Rate -65.7%
0% -65.22% -66.18%
Book Value -0.573 -0.393 -0.306 0.304 1.31 0.088 -1.23 -2.39 -3.62 -4.66 1.91 2.68
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Discounting Cash Flows

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