BSE: METROPOLIS - Metropolis Healthcare 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 = 24.95
CAGR EPS = -0.2642%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 24.95 * (1 + -0.2642%) / (0.0433 * 2) = 287.36

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) = 4.27
Ebitda Yield = 0.0707
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 = 0.2254
Debt = 0.7905
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.7905) = 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 = 3.73
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 3.73 * 5.94 + 0 = 0.25
WACC = (0.2254 / 0.7905) * (100% - 0) * (1 - 0.21) + 0.25 + 0 = 22.52
Terminal Value = Discount (4.27 * (1 + 0.0707) / (22.52 - 0.0707)) = 10.72
Company Value = ∑ (4.27 / (1 + 22.52) ^ 5) = 10.31
Price = (Terminal Value + Company Value) / Count shares = (10.72 + 10.31) / 51230000 = 410.45

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) = 2.19
FCF Yield = 0.0184
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 = 0.2254
Debt = 0.7905
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.7905) = 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 = 3.73
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 3.73 * 5.94 + 0 = 0.25
WACC = (0.2254 / 0.7905) * (100% - 0) * (1 - 0.21) + 0.25 + 0 = 22.52
Terminal Value = Discount (2.19 * (1 + 0.0184) / (22.52 - 0.0184)) = 3.91
Company Value = ∑ (2.19 / (1 + 22.52) ^ 5) = 5.95
Price = (Terminal Value + Company Value) / Count shares = (3.91 + 5.95) / 51230000 = 192.53