BSE: VARROC - Varroc 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 = 34.43
CAGR EPS = 256.85%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 470.7 + (470.7 * 256.85% / 100) = 1679.67

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) = 4.2
Ebitda Yield = -0.0719
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 = 1.85
Debt = 12.09
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 12.09) = 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 = 2.32
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 2.32 * 5.94 + 0 = 0.1658
WACC = (1.85 / 12.09) * (100% - 0) * (1 - 0.21) + 0.1658 + 0 = 12.05
Terminal Value = Discount (4.2 * (1 + -0.0719) / (12.05 - -0.0719)) = 11.47
Company Value = ∑ (4.2 / (1 + 12.05) ^ 5) = 17.95
Price = (Terminal Value + Company Value) / Count shares = (11.47 + 17.95) / 152790000 = 192.57

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) = 32.65
FCF Yield = 0.5506
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 = 1.85
Debt = 12.09
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 12.09) = 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 = 2.32
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 2.32 * 5.94 + 0 = 0.1658
WACC = (1.85 / 12.09) * (100% - 0) * (1 - 0.21) + 0.1658 + 0 = 12.05
Terminal Value = Discount (32.65 * (1 + 0.5506) / (12.05 - 0.5506)) = 66.63
Company Value = ∑ (32.65 / (1 + 12.05) ^ 5) = 53.5
Price = (Terminal Value + Company Value) / Count shares = (66.63 + 53.5) / 152790000 = 786.29