LSE: AML - Aston Martin

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 = -1.66
CAGR EPS = 175.4%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 10.69 + (10.69 * 175.4% / 100) = 29.45

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) = 0.00095
Ebitda Yield = -0.335
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 = 0.1963
Debt = 1.3
Market Cap = 1.39
Weight Debt = Market Cap / (Market Cap + Debt) = 1.39 / (1.39 + 1.3) = 0.5167
Weight Cost Debt = 100% - 0.5167 = 0.4833
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) = 3
β = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 0 * 5.94 + 0 = 0.03
WACC = (0.1963 / 1.3) * (100% - 0.5167) * (1 - 0.21) + 0.03 + 0.5167 = 11.88
Terminal Value = Discount (0.00095 * (1 + -0.335) / (11.88 - -0.335)) = 0.000794
Company Value = ∑ (0.00095 / (1 + 11.88) ^ 5) = 0.0099
Price = (Terminal Value + Company Value) / Count shares = (0.000794 + 0.0099) / 424000000 = 0.0252

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) = 1.3E-5
FCF Yield = -1.3
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 = 0.1963
Debt = 1.3
Market Cap = 1.39
Weight Debt = Market Cap / (Market Cap + Debt) = 1.39 / (1.39 + 1.3) = 0.5167
Weight Cost Debt = 100% - 0.5167 = 0.4833
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) = 3
β = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 0 * 5.94 + 0 = 0.03
WACC = (0.1963 / 1.3) * (100% - 0.5167) * (1 - 0.21) + 0.03 + 0.5167 = 11.88
Terminal Value = Discount (1.3E-5 * (1 + -1.3) / (11.88 - -1.3)) = 0
Company Value = ∑ (1.3E-5 / (1 + 11.88) ^ 5) = 0.0011
Price = (Terminal Value + Company Value) / Count shares = (0 + 0.0011) / 424000000 = 0.0025