BSE: SADBHAV - Sadbhav Engineering 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 = -36.72
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 20.27 + (20.27 * 8.66% / 100) = 22.03

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) = 0.0783
Ebitda Yield = -0.3696
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 = 5.09
Debt = 37.34
Market Cap = 1.85
Weight Debt = Market Cap / (Market Cap + Debt) = 1.85 / (1.85 + 37.34) = 0.0472
Weight Cost Debt = 100% - 0.0472 = 0.9528
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 = 6.76
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 6.76 * 5.94 + 0 = 0.43
WACC = (5.09 / 37.34) * (100% - 0.0472) * (1 - 0.21) + 0.43 + 0.0472 = 10.78
Terminal Value = Discount (0.0783 * (1 + -0.3696) / (10.78 - -0.3696)) = 0.062
Company Value = ∑ (0.0783 / (1 + 10.78) ^ 5) = 0.9771
Price = (Terminal Value + Company Value) / Count shares = (0.062 + 0.9771) / 171570000 = 6.06

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) = 19.78
FCF Yield = 0.1157
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 = 5.09
Debt = 37.34
Market Cap = 1.85
Weight Debt = Market Cap / (Market Cap + Debt) = 1.85 / (1.85 + 37.34) = 0.0472
Weight Cost Debt = 100% - 0.0472 = 0.9528
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 = 6.76
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 6.76 * 5.94 + 0 = 0.43
WACC = (5.09 / 37.34) * (100% - 0.0472) * (1 - 0.21) + 0.43 + 0.0472 = 10.78
Terminal Value = Discount (19.78 * (1 + 0.1157) / (10.78 - 0.1157)) = 1685.97
Company Value = ∑ (19.78 / (1 + 10.78) ^ 5) = 58.45
Price = (Terminal Value + Company Value) / Count shares = (1685.97 + 58.45) / 171570000 = 10167.41