NSE: INDIGO - InterGlobe Aviation 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 = 211.61
CAGR EPS = 104.18%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 3521.65 + (3521.65 * 104.18% / 100) = 7190.34

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) = 555.01
Ebitda Yield = 0.2438
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 = 41.69
Debt = 512.8
Market Cap = 946.85
Weight Debt = Market Cap / (Market Cap + Debt) = 946.85 / (946.85 + 512.8) = 0.6487
Weight Cost Debt = 100% - 0.6487 = 0.3513
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) = 2.89
β = 4.32
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 4.32 * 5.94 + 0 = 0.2857
WACC = (41.69 / 512.8) * (100% - 0.6487) * (1 - 0.21) + 0.2857 + 0.6487 = 6.57
Terminal Value = Discount (555.01 * (1 + 0.2438) / (6.57 - 0.2438)) = 2819.6
Company Value = ∑ (555.01 / (1 + 6.57) ^ 5) = 1517.82
Price = (Terminal Value + Company Value) / Count shares = (2819.6 + 1517.82) / 386200000 = 11231.03

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) = 550.32
FCF Yield = 0.223
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 = 41.69
Debt = 512.8
Market Cap = 946.85
Weight Debt = Market Cap / (Market Cap + Debt) = 946.85 / (946.85 + 512.8) = 0.6487
Weight Cost Debt = 100% - 0.6487 = 0.3513
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) = 2.89
β = 4.32
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 4.32 * 5.94 + 0 = 0.2857
WACC = (41.69 / 512.8) * (100% - 0.6487) * (1 - 0.21) + 0.2857 + 0.6487 = 6.57
Terminal Value = Discount (550.32 * (1 + 0.223) / (6.57 - 0.223)) = 3112.89
Company Value = ∑ (550.32 / (1 + 6.57) ^ 5) = 1549.1
Price = (Terminal Value + Company Value) / Count shares = (3112.89 + 1549.1) / 386200000 = 12071.44