BSE: METROBRAND - Metro Brands 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 = 15.17
CAGR EPS = 21.33%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 15.17 * (1 + 21.33%) / (0.0433 * 2) = 212.54

Price = (DPS * (1 + g)) / (Cost Of Equity - g)
Price - 价格公道
DPS — 当期股息
g — 预期增长率
DPS = 5.25
g = 0.3643
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 = 0.9129
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0.9129 * 5.94 + 0 = 0.0824
Price = (5.25 * (1 + 0.3643)) / (0.0824 - 0.3643) = 25.41

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) = 14.34
Ebitda Yield = 0.1436
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 = 0.7889
Debt = 0
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0) = 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 = 0.9129
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0.9129 * 5.94 + 0 = 0.0824
WACC = (0.7889 / 0) * (100% - 0) * (1 - 0.21) + 0.0824 + 0 = 0
Terminal Value = Discount (14.34 * (1 + 0.1436) / (0 - 0.1436)) = 114.2
Company Value = ∑ (14.34 / (1 + 0) ^ 5) = 55.82
Price = (Terminal Value + Company Value) / Count shares = (114.2 + 55.82) / 271910000 = 625.29

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 FCF(5) * (1 + FCF Yield) / (WACC - FCF Yield)
Company Value = ∑ (Discount FCF / (1 + WACC) ^ 5)
Discount FCF(5) = 8.55
FCF Yield = 0.1254
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 = 0.7889
Debt = 0
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0) = 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 = 0.9129
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0.9129 * 5.94 + 0 = 0.0824
WACC = (0.7889 / 0) * (100% - 0) * (1 - 0.21) + 0.0824 + 0 = 0
Terminal Value = Discount (8.55 * (1 + 0.1254) / (0 - 0.1254)) = 76.79
Company Value = ∑ (8.55 / (1 + 0) ^ 5) = 34.25
Price = (Terminal Value + Company Value) / Count shares = (76.79 + 34.25) / 271910000 = 408.37