The dividend discount model doesn’t require current stock market conditions to be considered when finding the value of a stock. Again, the emphasis is on future dividend growth. For that reason ...

Using your example Dividend Discount Model Calculator numbers - g 5%, div $1.00, risk free .3%, mrkt return 6.1%, beta 1.5 - I get a discount rate of 9% [from your estimated ROR formula] and a FMV ...