Copyright 2017.

The Warren Buffett Spreadsheet

Download my full Excel stock valuation spreadsheet that includes 8 valuation models in one spreadshee
A spreadsheet that lets you analyze the price and quality of stocks in a fast and simple way

2-stage Gordons dividend growth model

Only for mature companies that has a long history of stable dividend payments

You can check dividata.com for how long history and stability the stock has with it's dividend payments

Manual input only in yellow cells

Stock ticker
Current stock price
Date

Dividend growth first years %:

Dividend growth rate for four years and after %:
Divident amount (TTM)
Discount rate %
Required margin of safety %

2 stage dividend growth model

Year 1

Year 2

Year 3

From year four and after:

Estimated intrinsic value

Dividend growth expected by the stock market:

Margin of safety
Annual Expected return
Buyprice
spreadsheet

https://dividata.com/stock/JNJ

JNJ
128
4/8/2018

6.70% https://www.gurufocus.com/dividend/JNJ
4% Be conservative. Usually somewhat lower dividend growth should be assumed for the fut
3.58 https://dividata.com/stock/JNJ
8% This usually is a number that should equal to your required annual return for your investm
25% This is the margin of sagety that you require. In general the more safe and mauture the co

3.54

3.49

3.45

89.76

100

3.0 %

-28%
-2%
75
ld be assumed for the future

ual return for your investments. Between 8-15% is normal range

e safe and mauture the company is the lower you MOS requirements. Range is typical from 25-50%