NSE: DAAWAT - LT Foods 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 = 12.5
CAGR EPS = 25.85%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 12.5 * (1 + 25.85%) / (0.0433 * 2) = 181.65

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) = 13.29
Ebitda Yield = 0.1147
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 = 0.821
Debt = 12.21
Market Cap = 45.04
Weight Debt = Market Cap / (Market Cap + Debt) = 45.04 / (45.04 + 12.21) = 0.7867
Weight Cost Debt = 100% - 0.7867 = 0.2133
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) = 2.82
β = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0 * 5.94 + 0 = 0.0282
WACC = (0.821 / 12.21) * (100% - 0.7867) * (1 - 0.21) + 0.0282 + 0.7867 = 5.29
Terminal Value = Discount (13.29 * (1 + 0.1147) / (5.29 - 0.1147)) = 185.19
Company Value = ∑ (13.29 / (1 + 5.29) ^ 5) = 45.95
Price = (Terminal Value + Company Value) / Count shares = (185.19 + 45.95) / 322120000 = 717.56

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) = 5.76
FCF Yield = 0.4085
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 = 0.821
Debt = 12.21
Market Cap = 45.04
Weight Debt = Market Cap / (Market Cap + Debt) = 45.04 / (45.04 + 12.21) = 0.7867
Weight Cost Debt = 100% - 0.7867 = 0.2133
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) = 2.82
β = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0 * 5.94 + 0 = 0.0282
WACC = (0.821 / 12.21) * (100% - 0.7867) * (1 - 0.21) + 0.0282 + 0.7867 = 5.29
Terminal Value = Discount (5.76 * (1 + 0.4085) / (5.29 - 0.4085)) = 17.65
Company Value = ∑ (5.76 / (1 + 5.29) ^ 5) = 13.53
Price = (Terminal Value + Company Value) / Count shares = (17.65 + 13.53) / 322120000 = 96.77