Green Brick Partners, Inc. (GRBK-PA) Two-Stage Excess Return Model - Discounting Cash Flows
Green Brick Partners, Inc.
GRBK-PA (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 72.57 USD
Book value of equity invested 38.05 USD
Sum of discounted excess returns in Growth Stage 10.1 USD
Terminal stage EPS 10.52 USD
Terminal stage Book Value 55.56 USD
Terminal stage Equity Cost 6.96 USD
Discounted excess return in terminal stage 24.42 USD
Excess Returns in the Terminal Stage 44.06 USD
Terminal Cost of Equity (the discount rate) 12.53%
Terminal year's excess return 3.56 USD
Average historical Return on Equity 18.93%
Average historical Payout Ratio 19.15%
Payout Ratio in stable stage 76.44%
Yield of the U.S. 10 Year Treasury Bond 4.46%

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 28.62 36.52 36.52 41.32 45.85 49.88 53.19
Ending Book Value 36.52 38.05 41.32 45.85 49.88 53.19 55.56
EPS 8.51 8.32 6.91 7.82 8.68 9.44 10.07
Return on Equity 29.34% 22.97% 18.93% 18.93% 18.93% 18.93% 18.93%
Dividend per Share 1.44 1.44 2.12 3.29 4.65 6.14 7.7
Payout Ratio 16.92% 17.31% 30.61% 42.07% 53.52% 64.98% 76.44%
Retained Earnings 7.07 6.88 4.8 4.53 4.03 3.31 2.37
Equity Cost 3.59 4.58 4.58 5.18 5.74 6.25 6.66
Cost of Equity 12.53% 12.53% 12.53% 12.53% 12.53% 12.53% 12.53%
Excess Return 4.92 3.74 2.34 2.64 2.93 3.19 3.4
Discounted Excess Return
2.08 2.09 2.06 1.99 1.89

amounts of USD except for #

Average LTM 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Net Income 163.6 373.3 381.6 284.6 291.9 190.2 113.7 58.66 51.62 14.97 23.76 15.32
Total Stockholders Equity 849.6 1,691 1,625 1,301 1,062 874.5 640.2 523.2 468.4 416.3 384.6 359.5
Return on Equity 18.93% 22.97% 29.34% 26.8% 33.38% 29.71% 21.73% 12.52% 12.4% 3.89% 6.61% 8.92%
Dividends Paid to Common Shareholders 64.51 63.99 64.09 65.44
Payout Ratio 27.49% 17.31% 16.92% 23.23% 30.61% 30.61% 30.61% 30.61% 30.61% 30.61% 30.61% 30.61%
Shares Outstanding 47.55 44.44 44.51 45.45 47.65 50.7 50.57 50.53 50.65 49.6 48.88 40.07
Earnings per Share 3.5 8.32 8.51 6.2 6.07 3.75 2.25 1.16 1.02 0.3 0.49 0.38
Dividend per Share 1.44 1.44 1.44 1.44
Dividend Growth Rate
0% 0%
Book Value 18.2 38.05 36.52 28.62 22.29 17.25 12.66 10.35 9.25 8.39 7.87 8.97
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Discounting Cash Flows

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