NSE: AWHCL - Antony Waste Handling Cell Limited

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 = 30.39
CAGR EPS = 12.76%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 30.39 * (1 + 12.76%) / (0.0433 * 2) = 395.64

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) = 2.44
Ebitda Yield = 0.0483
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 = 0.3005
Debt = 4.47
Market Cap = 9.5
Weight Debt = Market Cap / (Market Cap + Debt) = 9.5 / (9.5 + 4.47) = 0.6801
Weight Cost Debt = 100% - 0.6801 = 0.3199
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 = -10.74
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -10.74 * 5.94 + 0 = -0.6105
WACC = (0.3005 / 4.47) * (100% - 0.6801) * (1 - 0.21) + -0.6105 + 0.6801 = 4.86
Terminal Value = Discount (2.44 * (1 + 0.0483) / (4.86 - 0.0483)) = 5772.08
Company Value = ∑ (2.44 / (1 + 4.86) ^ 5) = 9.61
Price = (Terminal Value + Company Value) / Count shares = (5772.08 + 9.61) / 28300000 = 204300.14

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) = 2.93
FCF Yield = -2.76
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 = 0.3005
Debt = 4.47
Market Cap = 9.5
Weight Debt = Market Cap / (Market Cap + Debt) = 9.5 / (9.5 + 4.47) = 0.6801
Weight Cost Debt = 100% - 0.6801 = 0.3199
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 = -10.74
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -10.74 * 5.94 + 0 = -0.6105
WACC = (0.3005 / 4.47) * (100% - 0.6801) * (1 - 0.21) + -0.6105 + 0.6801 = 4.86
Terminal Value = Discount (2.93 * (1 + -2.76) / (4.86 - -2.76)) = -1.44
Company Value = ∑ (2.93 / (1 + 4.86) ^ 5) = 1.55
Price = (Terminal Value + Company Value) / Count shares = (-1.44 + 1.55) / 28300000 = 3.87