BSE: TASTYBIT - Tasty Bite Eatables 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 = 117.73
CAGR EPS = 0.0975%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 117.73 * (1 + 0.0975%) / (0.0433 * 2) = 1360.82

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) = 0.9404
Ebitda Yield = 0.0388
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 = 0.0697
Debt = 0.7586
Market Cap = 31.94
Weight Debt = Market Cap / (Market Cap + Debt) = 31.94 / (31.94 + 0.7586) = 0.9768
Weight Cost Debt = 100% - 0.9768 = 0.0232
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 = 3.75
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 3.75 * 5.94 + 0 = 0.2509
WACC = (0.0697 / 0.7586) * (100% - 0.9768) * (1 - 0.21) + 0.2509 + 0.9768 = 7.43
Terminal Value = Discount (0.9404 * (1 + 0.0388) / (7.43 - 0.0388)) = 19.23
Company Value = ∑ (0.9404 / (1 + 7.43) ^ 5) = 3.52
Price = (Terminal Value + Company Value) / Count shares = (19.23 + 3.52) / 2570000 = 8849.76

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) = 0.2091
FCF Yield = -0.0167
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 = 0.0697
Debt = 0.7586
Market Cap = 31.94
Weight Debt = Market Cap / (Market Cap + Debt) = 31.94 / (31.94 + 0.7586) = 0.9768
Weight Cost Debt = 100% - 0.9768 = 0.0232
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 = 3.75
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 3.75 * 5.94 + 0 = 0.2509
WACC = (0.0697 / 0.7586) * (100% - 0.9768) * (1 - 0.21) + 0.2509 + 0.9768 = 7.43
Terminal Value = Discount (0.2091 * (1 + -0.0167) / (7.43 - -0.0167)) = 1.58
Company Value = ∑ (0.2091 / (1 + 7.43) ^ 5) = 0.8789
Price = (Terminal Value + Company Value) / Count shares = (1.58 + 0.8789) / 2570000 = 955.77