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Stock Non-constant Growth Calculator

Two-stage Dividend Discount Model for stocks with a high-growth phase.

Reviewed by the KakouCalc editorial team · Updated July 2026

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Intrinsic Value per Share
$41.40
PV of High-Growth Dividends
$6.11
PV of Terminal Value
$35.29
Terminal Value
$45.70
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How to use the Stock Non-constant Growth Calculator

The Stock Non-constant Growth Calculator is free and runs entirely in your browser — no sign-up, and nothing you enter leaves your device. It opens pre-filled with a realistic example, so you can see how it works before replacing any figure with your own; the results update as you type. Press Calculate to refresh the result panel, or Reset to return to the example.

The inputs it asks for:

  • Current Dividend (D0) — a dollar amount.
  • High-Growth Rate — a percentage (enter 6 for 6%).
  • Years of High Growth — a number.
  • Stable (Terminal) Growth Rate — a percentage (enter 6 for 6%).
  • Required Rate of Return — a percentage (enter 6 for 6%).

Worked example

Using the example values — Current Dividend (D0) $2.00, High-Growth Rate 10%, Years of High Growth 3, Stable (Terminal) Growth Rate 3%, Required Rate of Return 9% — the Stock Non-constant Growth Calculator returns a Intrinsic Value per Share of $41.40. It also reports PV of High-Growth Dividends ($6.11), PV of Terminal Value ($35.29), Terminal Value ($45.70).

Prefer your own numbers? Change any field above and this recomputes instantly.

Educational information, not financial advice. See our methodology for how these tools are built and checked.