BSE: TV18BRDCST - TV18 Broadcast 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 = -0.2835
CAGR EPS = -172.49%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0 + (0 * -172.49% / 100) = 2.37

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 Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = 3.51
Ebitda Yield = -0.0079
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 = 1.87
Debt = 43.86
Market Cap = 66
Weight Debt = Market Cap / (Market Cap + Debt) = 66 / (66 + 43.86) = 0.6008
Weight Cost Debt = 100% - 0.6008 = 0.3992
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
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0 * 5.94 + 0 = 0.0282
WACC = (1.87 / 43.86) * (100% - 0.6008) * (1 - 0.21) + 0.0282 + 0.6008 = 3.37
Terminal Value = Discount (3.51 * (1 + -0.0079) / (3.37 - -0.0079)) = 71.06
Company Value = ∑ (3.51 / (1 + 3.37) ^ 5) = 16.19
Price = (Terminal Value + Company Value) / Count shares = (71.06 + 16.19) / 1714360000 = 50.89

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) = 21011.92
FCF Yield = -3.99
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 = 1.87
Debt = 43.86
Market Cap = 66
Weight Debt = Market Cap / (Market Cap + Debt) = 66 / (66 + 43.86) = 0.6008
Weight Cost Debt = 100% - 0.6008 = 0.3992
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
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0 * 5.94 + 0 = 0.0282
WACC = (1.87 / 43.86) * (100% - 0.6008) * (1 - 0.21) + 0.0282 + 0.6008 = 3.37
Terminal Value = Discount (21011.92 * (1 + -3.99) / (3.37 - -3.99)) = -13233.74
Company Value = ∑ (21011.92 / (1 + 3.37) ^ 5) = 13298.92
Price = (Terminal Value + Company Value) / Count shares = (-13233.74 + 13298.92) / 1714360000 = 38.02