NSE: DCXINDIA - DCX Systems Limited

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 = 573.61
CAGR EPS = 255.52%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 301.45 + (301.45 * 255.52% / 100) = 1071.7

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) = 10889.22
Ebitda Yield = 1.77
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 = 23.84
Debt = 244.06
Market Cap = 25.32
Weight Debt = Market Cap / (Market Cap + Debt) = 25.32 / (25.32 + 244.06) = 0.094
Weight Cost Debt = 100% - 0.094 = 0.906
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 = 0.2765
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0.2765 * 5.94 + 0 = 0.0439
WACC = (23.84 / 244.06) * (100% - 0.094) * (1 - 0.21) + 0.0439 + 0.094 = 7.71
Terminal Value = Discount (10889.22 * (1 + 1.77) / (7.71 - 1.77)) = 12296.21
Company Value = ∑ (10889.22 / (1 + 7.71) ^ 5) = 12186.35
Price = (Terminal Value + Company Value) / Count shares = (12296.21 + 12186.35) / 84970000 = 288131.76

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) = 42.09
FCF Yield = -2.18
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 = 23.84
Debt = 244.06
Market Cap = 25.32
Weight Debt = Market Cap / (Market Cap + Debt) = 25.32 / (25.32 + 244.06) = 0.094
Weight Cost Debt = 100% - 0.094 = 0.906
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 = 0.2765
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0.2765 * 5.94 + 0 = 0.0439
WACC = (23.84 / 244.06) * (100% - 0.094) * (1 - 0.21) + 0.0439 + 0.094 = 7.71
Terminal Value = Discount (42.09 * (1 + -2.18) / (7.71 - -2.18)) = -15.18
Company Value = ∑ (42.09 / (1 + 7.71) ^ 5) = 24.77
Price = (Terminal Value + Company Value) / Count shares = (-15.18 + 24.77) / 84970000 = 112.87