BSE: UJJIVANSFB - Ujjivan Small Finance Bank 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 = 6.54
CAGR EPS = 47.34%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 41.61 + (41.61 * 47.34% / 100) = 61.31

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) = 78.03
Ebitda Yield = 0.132
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 = 22.68
Debt = 0
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0) = 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 = 1.87
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 1.87 * 5.94 + 0 = 0.139
WACC = (22.68 / 0) * (100% - 0) * (1 - 0.21) + 0.139 + 0 = 0
Terminal Value = Discount (78.03 * (1 + 0.132) / (0 - 0.132)) = 669.13
Company Value = ∑ (78.03 / (1 + 0) ^ 5) = 309.16
Price = (Terminal Value + Company Value) / Count shares = (669.13 + 309.16) / 1958760000 = 499.44

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) = 46.88
FCF Yield = 0.2852
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 = 22.68
Debt = 0
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0) = 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 = 1.87
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 1.87 * 5.94 + 0 = 0.139
WACC = (22.68 / 0) * (100% - 0) * (1 - 0.21) + 0.139 + 0 = 0
Terminal Value = Discount (46.88 * (1 + 0.2852) / (0 - 0.2852)) = 211.23
Company Value = ∑ (46.88 / (1 + 0) ^ 5) = 150.99
Price = (Terminal Value + Company Value) / Count shares = (211.23 + 150.99) / 1958760000 = 184.92