NASDAQ: ROST - Ross Stores

Price = EPS * (1 + CAGR EPS) / (Key Rate * Excess Key Rate)
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 = 5.56
CAGR EPS = 3.85%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 5.56 * (1 + 3.85%) / (0.0433 * 2) = 66.62

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 = 1.47
g = 0.8031
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 = -0.2036
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -0.2036 * 5.94 + 0 = 0.0179
Price = (1.47 * (1 + 0.8031)) / (0.0179 - 0.8031) = 3.38

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) = 3.4
Ebitda Yield = 0.0278
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 = 0.0741
Debt = 5.75
Market Cap = 40.44
Weight Debt = Market Cap / (Market Cap + Debt) = 40.44 / (40.44 + 5.75) = 0.8756
Weight Cost Debt = 100% - 0.8756 = 0.1244
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 = -0.2036
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -0.2036 * 5.94 + 0 = 0.0179
WACC = (0.0741 / 5.75) * (100% - 0.8756) * (1 - 0.21) + 0.0179 + 0.8756 = 1.03
Terminal Value = Discount (3.4 * (1 + 0.0278) / (1.03 - 0.0278)) = 189.46
Company Value = ∑ (3.4 / (1 + 1.03) ^ 5) = 15.62
Price = (Terminal Value + Company Value) / Count shares = (189.46 + 15.62) / 337430000 = 607.77

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) = 1.86
FCF Yield = 0.0126
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 = 0.0741
Debt = 5.75
Market Cap = 40.44
Weight Debt = Market Cap / (Market Cap + Debt) = 40.44 / (40.44 + 5.75) = 0.8756
Weight Cost Debt = 100% - 0.8756 = 0.1244
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 = -0.2036
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -0.2036 * 5.94 + 0 = 0.0179
WACC = (0.0741 / 5.75) * (100% - 0.8756) * (1 - 0.21) + 0.0179 + 0.8756 = 1.03
Terminal Value = Discount (1.86 * (1 + 0.0126) / (1.03 - 0.0126)) = 763.28
Company Value = ∑ (1.86 / (1 + 1.03) ^ 5) = 8.82
Price = (Terminal Value + Company Value) / Count shares = (763.28 + 8.82) / 337430000 = 2288.17