BSE: KESORAMIND - Kesoram Industries 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 = -12.36
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 183.63 + (183.63 * 8.66% / 100) = 199.53

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) = 1.15
Ebitda Yield = -0.0727
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 = 4.79
Debt = 22.67
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 22.67) = 0
Weight Cost Debt = 100% - 0 = 1
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 = 1.62
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 1.62 * 5.94 + 0 = 0.1242
WACC = (4.79 / 22.67) * (100% - 0) * (1 - 0.21) + 0.1242 + 0 = 16.68
Terminal Value = Discount (1.15 * (1 + -0.0727) / (16.68 - -0.0727)) = 2.06
Company Value = ∑ (1.15 / (1 + 16.68) ^ 5) = 4.44
Price = (Terminal Value + Company Value) / Count shares = (2.06 + 4.44) / 310660000 = 20.91

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) = 0.2579
FCF Yield = -0.2539
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 = 4.79
Debt = 22.67
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 22.67) = 0
Weight Cost Debt = 100% - 0 = 1
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 = 1.62
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 1.62 * 5.94 + 0 = 0.1242
WACC = (4.79 / 22.67) * (100% - 0) * (1 - 0.21) + 0.1242 + 0 = 16.68
Terminal Value = Discount (0.2579 * (1 + -0.2539) / (16.68 - -0.2539)) = 0.2115
Company Value = ∑ (0.2579 / (1 + 16.68) ^ 5) = 1.77
Price = (Terminal Value + Company Value) / Count shares = (0.2115 + 1.77) / 310660000 = 6.37