NASDAQ: ISBC - Investors Bancorp, 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 = 1.32
CAGR EPS = 24.91%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 13.87 + (13.87 * 24.91% / 100) = 17.32

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) = 0.6429
Ebitda Yield = 0.0222
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 = 0.1476
Debt = 3.75
Market Cap = 3.46
Weight Debt = Market Cap / (Market Cap + Debt) = 3.46 / (3.46 + 3.75) = 0.4799
Weight Cost Debt = 100% - 0.4799 = 0.5201
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) = 2.75
β = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0 * 5.94 + 0 = 0.0275
WACC = (0.1476 / 3.75) * (100% - 0.4799) * (1 - 0.21) + 0.0275 + 0.4799 = 3.11
Terminal Value = Discount (0.6429 * (1 + 0.0222) / (3.11 - 0.0222)) = 63.66
Company Value = ∑ (0.6429 / (1 + 3.11) ^ 5) = 2.81
Price = (Terminal Value + Company Value) / Count shares = (63.66 + 2.81) / 237420000 = 279.97

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) = 0.1031
FCF Yield = -0.0851
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 = 0.1476
Debt = 3.75
Market Cap = 3.46
Weight Debt = Market Cap / (Market Cap + Debt) = 3.46 / (3.46 + 3.75) = 0.4799
Weight Cost Debt = 100% - 0.4799 = 0.5201
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) = 2.75
β = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0 * 5.94 + 0 = 0.0275
WACC = (0.1476 / 3.75) * (100% - 0.4799) * (1 - 0.21) + 0.0275 + 0.4799 = 3.11
Terminal Value = Discount (0.1031 * (1 + -0.0851) / (3.11 - -0.0851)) = 0.697
Company Value = ∑ (0.1031 / (1 + 3.11) ^ 5) = 0.57
Price = (Terminal Value + Company Value) / Count shares = (0.697 + 0.57) / 237420000 = 5.34