NSE: AXISCADES - Axiscades Technologies 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 = 7.74
CAGR EPS = 0.1303%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 7.74 * (1 + 0.1303%) / (0.0433 * 2) = 89.5

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 Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = 2.11
Ebitda Yield = 0.0808
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 = 0.5637
Debt = 3.19
Market Cap = 16.48
Weight Debt = Market Cap / (Market Cap + Debt) = 16.48 / (16.48 + 3.19) = 0.8379
Weight Cost Debt = 100% - 0.8379 = 0.1621
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 = -5.72
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -5.72 * 5.94 + 0 = -0.3099
WACC = (0.5637 / 3.19) * (100% - 0.8379) * (1 - 0.21) + -0.3099 + 0.8379 = 13.59
Terminal Value = Discount (2.11 * (1 + 0.0808) / (13.59 - 0.0808)) = 21.91
Company Value = ∑ (2.11 / (1 + 13.59) ^ 5) = 6.18
Price = (Terminal Value + Company Value) / Count shares = (21.91 + 6.18) / 42390000 = 662.75

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) = 0.5869
FCF Yield = 0.000364
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 = 0.5637
Debt = 3.19
Market Cap = 16.48
Weight Debt = Market Cap / (Market Cap + Debt) = 16.48 / (16.48 + 3.19) = 0.8379
Weight Cost Debt = 100% - 0.8379 = 0.1621
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 = -5.72
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -5.72 * 5.94 + 0 = -0.3099
WACC = (0.5637 / 3.19) * (100% - 0.8379) * (1 - 0.21) + -0.3099 + 0.8379 = 13.59
Terminal Value = Discount (0.5869 * (1 + 0.000364) / (13.59 - 0.000364)) = 2.29
Company Value = ∑ (0.5869 / (1 + 13.59) ^ 5) = 2.03
Price = (Terminal Value + Company Value) / Count shares = (2.29 + 2.03) / 42390000 = 102.03