SonyMan, the world's largest producer of ceramic kitchenwares, reported earnings per share of Rs 80 in 2019, and paid dividends per share of Rs 48 in that year. The firm was expected to report earnings growth of 25% in 2020, after which the growth rate was expected to decline linearly over the following six years to 7% in 2026. The stock was expected to have a beta of 0.85. (The Riskfree return is 6%, and the risk premium is 7.5%.). Estimate the value of Share using Dividend Discount model.

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Q5. SonyMan, the world's largest producer of ceramic kitchenwares, reported earnings per share of Rs 80 in 2019, and paid dividends per share of Rs 48 in that year. The firm was expected to report earnings growth of 25% in 2020, after which the growth rate was expected to decline linearly over the following six years to 7% in 2026. The stock was expected to have a beta of 0.85. (The Riskfree return is 6%, and the risk premium is 7.5%.). Estimate the value of Share using Dividend Discount model