Stock Analysis on Net

Fortinet Inc. (NASDAQ:FTNT)

This company has been moved to the archive! The financial data has not been updated since May 8, 2023.

Dividend Discount Model (DDM)

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Intrinsic Stock Value (Valuation Summary)

Fortinet Inc., dividends per share (DPS) forecast

US$

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Year Value DPSt or Terminal value (TVt) Calculation Present value at 15.09%
0 DPS01 0.00
1 DPS1 = 0.00 × (1 + 0.00%)
2 DPS2 = × (1 + 0.00%)
3 DPS3 = × (1 + 0.00%)
4 DPS4 = × (1 + 0.00%)
5 DPS5 = × (1 + 0.00%)
5 Terminal value (TV5) = × (1 + 0.00%) ÷ (15.09%0.00%)
Intrinsic value of Fortinet Inc. common stock (per share) $—
Current share price $66.08

Based on: 10-K (reporting date: 2022-12-31).

1 DPS0 = Sum of the last year dividends per share of Fortinet Inc. common stock. See details »

Disclaimer!
Valuation is based on standard assumptions. There may exist specific factors relevant to stock value and omitted here. In such a case, the real stock value may differ significantly form the estimated. If you want to use the estimated intrinsic stock value in investment decision making process, do so at your own risk.


Required Rate of Return (r)

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Assumptions
Rate of return on LT Treasury Composite1 RF 4.67%
Expected rate of return on market portfolio2 E(RM) 13.79%
Systematic risk of Fortinet Inc. common stock βFTNT 1.14
 
Required rate of return on Fortinet Inc. common stock3 rFTNT 15.09%

1 Unweighted average of bid yields on all outstanding fixed-coupon U.S. Treasury bonds neither due or callable in less than 10 years (risk-free rate of return proxy).

2 See details »

3 rFTNT = RF + βFTNT [E(RM) – RF]
= 4.67% + 1.14 [13.79%4.67%]
= 15.09%


Dividend Growth Rate (g)

Company does not pay dividends.