SELECTED MODELS USED TO STOCK VALUATION BASED ON EARNINGS OR ON DIVIDENDS

The paper focuses on selected models used to stock valuation. Concretely, on the models which are based on earnings or dividends. Based on different dividend policies, different types of the dividend discount models are applied. Using empirical researches presented in the paper, the models based on earnings or on dividends are analyzed in detail. Possible use of selected models is compared with the one of other known models used to estimate the intrinsic value of a stock in the framework of the fundamental analysis.