Required:

Analyze the annual reports of Flour Mills of Fiji (2020), RB Patel Ltd (2020) and Paradise Beverages Ltd (2019) from South Pacific Stock Exchange (SPSE) and answer the following questions.

1. Calculate the share value using Dividend Growth Model, assuming dividend will grow 3% for Flour Mills of Fiji, 6% for RB Patel Ltd and 9% for Paradise Beverages constantly for the companies on their respective base year.

2. Calculate the Earnings Per Share (EPS) and the Market Capitalization for each of the companies.

3. Comment on the share value of the companies given the Dividend Growth Model (Question 1) and EPS (Question 2).