Flowers Foods, Inc. (FLO) Two-Stage Excess Return Model - Discounting Cash Flows
Flowers Foods, Inc.
FLO (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 42.73 USD
Book value of equity invested 6.7 USD
Sum of discounted excess returns in Growth Stage 2.44 USD
Terminal stage EPS 1.09 USD
Terminal stage Book Value 7.73 USD
Terminal stage Equity Cost 0.448 USD
Discounted excess return in terminal stage 33.59 USD
Excess Returns in the Terminal Stage 44.51 USD
Terminal Cost of Equity (the discount rate) 5.79%
Terminal year's excess return 0.638 USD
Average historical Return on Equity 14.04%
Average historical Payout Ratio 93.64%
Payout Ratio in stable stage 68.95%
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 6.39 6.68 6.68 6.79 6.94 7.15 7.41
Ending Book Value 6.68 6.7 6.79 6.94 7.15 7.41 7.73
EPS 1.18 1.08 0.938 0.953 0.975 1.0 1.04
Return on Equity 18.35% 16.17% 14.04% 14.04% 14.04% 14.04% 14.04%
Dividend per Share 0.95 0.968 0.832 0.798 0.768 0.742 0.717
Payout Ratio 80.51% 89.63% 88.7% 83.76% 78.82% 73.88% 68.95%
Retained Earnings 0.23 0.112 0.106 0.155 0.206 0.262 0.323
Equity Cost 0.37 0.387 0.387 0.393 0.402 0.414 0.429
Cost of Equity 5.79% 5.79% 5.79% 5.79% 5.79% 5.79% 5.79%
Excess Return 0.81 0.693 0.551 0.56 0.573 0.59 0.611
Discounted Excess Return
0.521 0.5 0.484 0.471 0.461

amounts of USD except for #

Average LTM 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Net Income 182.8 228.1 248.1 123.4 228.4 206.2 152.3 164.5 157.2 150.1 163.8 189.2
Total Stockholders Equity 1,330 1,416 1,410 1,352 1,443 1,411 1,373 1,263 1,258 1,251 1,210 1,243
Return on Equity 14.04% 16.17% 18.35% 8.55% 16.18% 15.02% 12.06% 13.08% 12.57% 12.41% 13.17% 16.85%
Dividends Paid to Common Shareholders 166 204.4 200.5 192.6 184.3 175.5 167.3 158.7 150.8 140.4 131.2 120.4
Payout Ratio 93.64% 89.63% 80.51% 156.9% 80.56% 84.69% 109.7% 96.15% 94.67% 94.37% 79.11% 63.71%
Shares Outstanding 211.3 211.2 211 211.6 211.9 211.4 211.8 211.6 212.4 209.6 210 212.3
Earnings per Share 0.867 1.08 1.18 0.58 1.08 0.98 0.72 0.78 0.75 0.71 0.79 0.89
Dividend per Share 0.785 0.968 0.95 0.91 0.87 0.83 0.79 0.75 0.71 0.67 0.625 0.567
Dividend Growth Rate 6.55% 1.9% 4.4% 4.6% 4.82% 5.06% 5.33% 5.63% 5.97% 7.2% 10.23% 16.91%
Book Value 6.29 6.7 6.68 6.39 6.81 6.68 6.48 5.97 5.92 5.97 5.76 5.86
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Discounting Cash Flows

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