BSE: POONAWALLA - Poonawalla Fincorp 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 = 21.84
CAGR EPS = 85.3%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 374.43 + (374.43 * 85.3% / 100) = 693.8

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) = 19.56
Ebitda Yield = 0.2861
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 = 0.1943
Debt = 150.8
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 150.8) = 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 = 1.88
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 1.88 * 5.94 + 0 = 0.1397
WACC = (0.1943 / 150.8) * (100% - 0) * (1 - 0.21) + 0.1397 + 0 = 0.1018
Terminal Value = Discount (19.56 * (1 + 0.2861) / (0.1018 - 0.2861)) = 87.82
Company Value = ∑ (19.56 / (1 + 0.1018) ^ 5) = 62.73
Price = (Terminal Value + Company Value) / Count shares = (87.82 + 62.73) / 770550000 = 195.37

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) = 81.45
FCF Yield = -2.01
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 = 0.1943
Debt = 150.8
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 150.8) = 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 = 1.88
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 1.88 * 5.94 + 0 = 0.1397
WACC = (0.1943 / 150.8) * (100% - 0) * (1 - 0.21) + 0.1397 + 0 = 0.1018
Terminal Value = Discount (81.45 * (1 + -2.01) / (0.1018 - -2.01)) = -40.79
Company Value = ∑ (81.45 / (1 + 0.1018) ^ 5) = 78.92
Price = (Terminal Value + Company Value) / Count shares = (-40.79 + 78.92) / 770550000 = 49.48