Despite the fact that the report has been published, we still do not know the results of the 22nd year.
So we have to imagine its results by doubling the numbers in six months.
Thus, the value for the last two years in the graph below is an assumption.
Figure 1.
This data on the chart can help us to estimate the company approximately.
Possible dividends per year can be about 150 rubles per share.
Money is valued at 12 percent.
It gives us =150 / 12 % =1250 rub/share. That is about the traded price.
We can recall another way of defining value.
First, we calculate the period of doubling the money.
Logarithmic 2 based on 1, 12.= ≈ 6 years.
Then we calculate the dividends for the last six years and multiply them on 2,25.
|
г17
|
110,06
|
|
г18
|
156,37
|
|
г19
|
121,7
|
|
г20
|
106,39
|
|
г21
|
253,42
|
|
г22
|
0
|
Ʃ= 748 rub per share.
=748*2,25 =1683 rub per share.
This is the upper bound of the estimate.
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