NASDAQ: DCOM - Dime Community Bancshares, Inc.

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 = 2.52
CAGR EPS = 10.03%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 28.35 + (28.35 * 10.03% / 100) = 31.19

Price = (DPS * (1 + g)) / (Cost Of Equity - g)
Price - 价格公道
DPS — 当期股息
g — 预期增长率
DPS = 1.25
g = 0.152
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 = 1.18
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 1.18 * 5.94 + 0 = 0.1
Price = (1.25 * (1 + 0.152)) / (0.1 - 0.152) = 27.69

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) = 0.1323
Ebitda Yield = -0.0067
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 = 0.2928
Debt = 2.79
Market Cap = 0.8181
Weight Debt = Market Cap / (Market Cap + Debt) = 0.8181 / (0.8181 + 2.79) = 0.2267
Weight Cost Debt = 100% - 0.2267 = 0.7733
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 = 1.18
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 1.18 * 5.94 + 0 = 0.1
WACC = (0.2928 / 2.79) * (100% - 0.2267) * (1 - 0.21) + 0.1 + 0.2267 = 8.29
Terminal Value = Discount (0.1323 * (1 + -0.0067) / (8.29 - -0.0067)) = 0.9847
Company Value = ∑ (0.1323 / (1 + 8.29) ^ 5) = 0.5321
Price = (Terminal Value + Company Value) / Count shares = (0.9847 + 0.5321) / 38190000 = 39.72

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) = 0.1035
FCF Yield = 0.0399
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 = 0.2928
Debt = 2.79
Market Cap = 0.8181
Weight Debt = Market Cap / (Market Cap + Debt) = 0.8181 / (0.8181 + 2.79) = 0.2267
Weight Cost Debt = 100% - 0.2267 = 0.7733
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 = 1.18
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 1.18 * 5.94 + 0 = 0.1
WACC = (0.2928 / 2.79) * (100% - 0.2267) * (1 - 0.21) + 0.1 + 0.2267 = 8.29
Terminal Value = Discount (0.1035 * (1 + 0.0399) / (8.29 - 0.0399)) = 1.68
Company Value = ∑ (0.1035 / (1 + 8.29) ^ 5) = 0.3776
Price = (Terminal Value + Company Value) / Count shares = (1.68 + 0.3776) / 38190000 = 53.87