BSE: JUSTDIAL - Just Dial Limited

Price = EPS * (1 + CAGR EPS) / (Key Rate * Excess Key Rate)
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 = 42.68
CAGR EPS = 0.4554%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 42.68 * (1 + 0.4554%) / (0.0433 * 2) = 495.07

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) = 7.58
Ebitda Yield = 0.0795
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 = 0.0928
Debt = 0.6838
Market Cap = 62.19
Weight Debt = Market Cap / (Market Cap + Debt) = 62.19 / (62.19 + 0.6838) = 0.9891
Weight Cost Debt = 100% - 0.9891 = 0.0109
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) = 2.75
β = 2.57
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 2.57 * 5.94 + 0 = 0.1804
WACC = (0.0928 / 0.6838) * (100% - 0.9891) * (1 - 0.21) + 0.1804 + 0.9891 = 10.79
Terminal Value = Discount (7.58 * (1 + 0.0795) / (10.79 - 0.0795)) = 172.57
Company Value = ∑ (7.58 / (1 + 10.79) ^ 5) = 23.93
Price = (Terminal Value + Company Value) / Count shares = (172.57 + 23.93) / 84320000 = 2330.4

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) = 3.61
FCF Yield = 0.0811
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 = 0.0928
Debt = 0.6838
Market Cap = 62.19
Weight Debt = Market Cap / (Market Cap + Debt) = 62.19 / (62.19 + 0.6838) = 0.9891
Weight Cost Debt = 100% - 0.9891 = 0.0109
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) = 2.75
β = 2.57
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 2.57 * 5.94 + 0 = 0.1804
WACC = (0.0928 / 0.6838) * (100% - 0.9891) * (1 - 0.21) + 0.1804 + 0.9891 = 10.79
Terminal Value = Discount (3.61 * (1 + 0.0811) / (10.79 - 0.0811)) = 87.2
Company Value = ∑ (3.61 / (1 + 10.79) ^ 5) = 11.36
Price = (Terminal Value + Company Value) / Count shares = (87.2 + 11.36) / 84320000 = 1168.82