BSE: INDIGO - InterGlobe Aviation Limited

Price = Avg Price + (Avg Price * CAGR EPS% / 100)
EPS = Earning Per Share
CAGR EPS = CAGR 5 EPS
Key Rate — 关键利率
Excess Key Rate — 期望超出关键利率
EPS = 211.73
CAGR EPS = 105.51%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 3828.85 + (3828.85 * 105.51% / 100) = 7868.76

Price = (Terminal Value + Company Value) / Count shares
Price - 价格公道
Terminal Value — 预测后期间的成本
Company Value — 预测期内的成本
Count shares - 股份数量
Terminal Value = Discount Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = 406.21
Ebitda Yield = 0.3864
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - 偿债成本
Debt - 责任
Weight Debt - 相对于债务的资本权重
Weight Cost Debt - 债务权重相对于资本总额
Tax - 税
Interest Expense = 41.69
Debt = 448.54
Market Cap = 1040
Weight Debt = Market Cap / (Market Cap + Debt) = 1040 / (1040 + 448.54) = 0.6987
Weight Cost Debt = 100% - 0.6987 = 0.3013
Tax = 0.21
Cost Of Equity — 贴现率
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — 无风险回报率
β (beta) — 确定股票（资产）相对于市场的风险度量，并显示股票盈利能力变化相对于市场盈利能力变化的敏感性。
Risk Premium — 风险溢价——投资股票的风险溢价
Country Premium - 国家风险
k(f) = 2.82
β = 0.0425
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0.0425 * 5.94 + 0 = 0.0307
WACC = (41.69 / 448.54) * (100% - 0.6987) * (1 - 0.21) + 0.0307 + 0.6987 = 7.31
Terminal Value = Discount (406.21 * (1 + 0.3864) / (7.31 - 0.3864)) = 1263.13
Company Value = ∑ (406.21 / (1 + 7.31) ^ 5) = 912.18
Price = (Terminal Value + Company Value) / Count shares = (1263.13 + 912.18) / 385980000 = 5635.81

Price = (Terminal Value + Company Value) / Count shares
Price - 价格公道
Terminal Value — 预测后期间的成本
Company Value — 预测期内的成本
Count shares - 股份数量
Terminal Value = Discount FCF(5) * (1 + FCF Yield) / (WACC - FCF Yield)
Company Value = ∑ (Discount FCF / (1 + WACC) ^ 5)
Discount FCF(5) = 550.32
FCF Yield = 0.223
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - 偿债成本
Debt - 责任
Weight Debt - 相对于债务的资本权重
Weight Cost Debt - 债务权重相对于资本总额
Tax - 税
Interest Expense = 41.69
Debt = 448.54
Market Cap = 1040
Weight Debt = Market Cap / (Market Cap + Debt) = 1040 / (1040 + 448.54) = 0.6987
Weight Cost Debt = 100% - 0.6987 = 0.3013
Tax = 0.21
Cost Of Equity — 贴现率
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — 无风险回报率
β (beta) — 确定股票（资产）相对于市场的风险度量，并显示股票盈利能力变化相对于市场盈利能力变化的敏感性。
Risk Premium — 风险溢价——投资股票的风险溢价
Country Premium - 国家风险
k(f) = 2.82
β = 0.0425
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0.0425 * 5.94 + 0 = 0.0307
WACC = (41.69 / 448.54) * (100% - 0.6987) * (1 - 0.21) + 0.0307 + 0.6987 = 7.31
Terminal Value = Discount (550.32 * (1 + 0.223) / (7.31 - 0.223)) = 3155.83
Company Value = ∑ (550.32 / (1 + 7.31) ^ 5) = 1514.21
Price = (Terminal Value + Company Value) / Count shares = (3155.83 + 1514.21) / 385980000 = 12099.18