MOEX: MVID - МВидео (М.Видео)

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 = -37.07
CAGR EPS = -198.28%
Key Rate = 0.21
Excess Key Rate = 2
Price = 0 + (0 * -198.28% / 100) = 86.75

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) = 39.45
Ebitda Yield = -0.0115
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 = 24.28
Debt = 153.22
Market Cap = 30.97
Weight Debt = Market Cap / (Market Cap + Debt) = 30.97 / (30.97 + 153.22) = 0.1682
Weight Cost Debt = 100% - 0.1682 = 0.8318
Tax = 0.2
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) = 9.92
β = 0.5841
Risk Premium = 5.91
Country Premium = 12.94
Cost Of Equity = 9.92 + 0.5841 * 5.91 + 12.94 = 0.2631
WACC = (24.28 / 153.22) * (100% - 0.1682) * (1 - 0.2) + 0.2631 + 0.1682 = 12.7
Terminal Value = Discount (39.45 * (1 + -0.0115) / (12.7 - -0.0115)) = 154.82
Company Value = ∑ (39.45 / (1 + 12.7) ^ 5) = 143.45
Price = (Terminal Value + Company Value) / Count shares = (154.82 + 143.45) / 180000000 = 1657.07

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) = 11.23
FCF Yield = 0.0218
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 = 24.28
Debt = 153.22
Market Cap = 30.97
Weight Debt = Market Cap / (Market Cap + Debt) = 30.97 / (30.97 + 153.22) = 0.1682
Weight Cost Debt = 100% - 0.1682 = 0.8318
Tax = 0.2
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) = 9.92
β = 0.5841
Risk Premium = 5.91
Country Premium = 12.94
Cost Of Equity = 9.92 + 0.5841 * 5.91 + 12.94 = 0.2631
WACC = (24.28 / 153.22) * (100% - 0.1682) * (1 - 0.2) + 0.2631 + 0.1682 = 12.7
Terminal Value = Discount (11.23 * (1 + 0.0218) / (12.7 - 0.0218)) = 59.97
Company Value = ∑ (11.23 / (1 + 12.7) ^ 5) = 37.92
Price = (Terminal Value + Company Value) / Count shares = (59.97 + 37.92) / 180000000 = 543.86