NSE: GOKULAGRO - Gokul Agro Resources 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 = 9.2
CAGR EPS = 44.71%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 9.2 * (1 + 44.71%) / (0.0458 * 2) = 145.36

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) = 6.53
Ebitda Yield = 0.1722
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 = 1.18
Debt = 5.89
Market Cap = 15.77
Weight Debt = Market Cap / (Market Cap + Debt) = 15.77 / (15.77 + 5.89) = 0.7281
Weight Cost Debt = 100% - 0.7281 = 0.2719
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 = 6.88
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 6.88 * 5.94 + 0 = 0.4361
WACC = (1.18 / 5.89) * (100% - 0.7281) * (1 - 0.21) + 0.4361 + 0.7281 = 15.99
Terminal Value = Discount (6.53 * (1 + 0.1722) / (15.99 - 0.1722)) = 295.55
Company Value = ∑ (6.53 / (1 + 15.99) ^ 5) = 15.24
Price = (Terminal Value + Company Value) / Count shares = (295.55 + 15.24) / 144310000 = 2153.63

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) = 0.000135
FCF Yield = -1.29
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 = 1.18
Debt = 5.89
Market Cap = 15.77
Weight Debt = Market Cap / (Market Cap + Debt) = 15.77 / (15.77 + 5.89) = 0.7281
Weight Cost Debt = 100% - 0.7281 = 0.2719
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 = 6.88
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 6.88 * 5.94 + 0 = 0.4361
WACC = (1.18 / 5.89) * (100% - 0.7281) * (1 - 0.21) + 0.4361 + 0.7281 = 15.99
Terminal Value = Discount (0.000135 * (1 + -1.29) / (15.99 - -1.29)) = -1.3E-5
Company Value = ∑ (0.000135 / (1 + 15.99) ^ 5) = 0.013
Price = (Terminal Value + Company Value) / Count shares = (-1.3E-5 + 0.013) / 144310000 = 0.0902