NASDAQ: WLFC - Willis Lease Finance Corporation

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 = 6.76
CAGR EPS = 9.16%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 100.57 + (100.57 * 9.16% / 100) = 109.78

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 = 2
g = 0.229
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 = 17.93
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 17.93 * 5.94 + 0 = 1.09
Price = (2 * (1 + 0.229)) / (1.09 - 0.229) = 2.85

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) = 0.2826
Ebitda Yield = 0.0441
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 = 0.0554
Debt = 1.88
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 1.88) = 0
Weight Cost Debt = 100% - 0 = 1
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 = 17.93
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 17.93 * 5.94 + 0 = 1.09
WACC = (0.0554 / 1.88) * (100% - 0) * (1 - 0.21) + 1.09 + 0 = 2.33
Terminal Value = Discount (0.2826 * (1 + 0.0441) / (2.33 - 0.0441)) = 12.65
Company Value = ∑ (0.2826 / (1 + 2.33) ^ 5) = 1.21
Price = (Terminal Value + Company Value) / Count shares = (12.65 + 1.21) / 6480000 = 2139.5

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) = 0.1467
FCF Yield = 0.192
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 = 0.0554
Debt = 1.88
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 1.88) = 0
Weight Cost Debt = 100% - 0 = 1
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 = 17.93
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 17.93 * 5.94 + 0 = 1.09
WACC = (0.0554 / 1.88) * (100% - 0) * (1 - 0.21) + 1.09 + 0 = 2.33
Terminal Value = Discount (0.1467 * (1 + 0.192) / (2.33 - 0.192)) = 0.9237
Company Value = ∑ (0.1467 / (1 + 2.33) ^ 5) = 0.4931
Price = (Terminal Value + Company Value) / Count shares = (0.9237 + 0.4931) / 6480000 = 218.64