BSE: INOXWIND - Inox Wind 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 = -0.31
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 337.1 + (337.1 * 8.66% / 100) = 366.29

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) = 0.4221
Ebitda Yield = -1.71
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 = 2.48
Debt = 32.37
Market Cap = 49.17
Weight Debt = Market Cap / (Market Cap + Debt) = 49.17 / (49.17 + 32.37) = 0.603
Weight Cost Debt = 100% - 0.603 = 0.397
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) = 2.89
β = 1.29
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 1.29 * 5.94 + 0 = 0.1058
WACC = (2.48 / 32.37) * (100% - 0.603) * (1 - 0.21) + 0.1058 + 0.603 = 6.09
Terminal Value = Discount (0.4221 * (1 + -1.71) / (6.09 - -1.71)) = -0.1254
Company Value = ∑ (0.4221 / (1 + 6.09) ^ 5) = 1.09
Price = (Terminal Value + Company Value) / Count shares = (-0.1254 + 1.09) / 325950000 = 2.97

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) = 1.79
FCF Yield = -1.72
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 = 2.48
Debt = 32.37
Market Cap = 49.17
Weight Debt = Market Cap / (Market Cap + Debt) = 49.17 / (49.17 + 32.37) = 0.603
Weight Cost Debt = 100% - 0.603 = 0.397
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) = 2.89
β = 1.29
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 1.29 * 5.94 + 0 = 0.1058
WACC = (2.48 / 32.37) * (100% - 0.603) * (1 - 0.21) + 0.1058 + 0.603 = 6.09
Terminal Value = Discount (1.79 * (1 + -1.72) / (6.09 - -1.72)) = -0.5389
Company Value = ∑ (1.79 / (1 + 6.09) ^ 5) = 4.18
Price = (Terminal Value + Company Value) / Count shares = (-0.5389 + 4.18) / 325950000 = 11.17