NSE: INOXWIND - Inox Wind 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 = -0.3101
CAGR EPS = 9.16%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 213.51 + (213.51 * 9.16% / 100) = 233.07

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) = 1.65
Ebitda Yield = 0.1605
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 = 2.48
Debt = 32.38
Market Cap = 49.5
Weight Debt = Market Cap / (Market Cap + Debt) = 49.5 / (49.5 + 32.38) = 0.6045
Weight Cost Debt = 100% - 0.6045 = 0.3955
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 = 5.74
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 5.74 * 5.94 + 0 = 0.3683
WACC = (2.48 / 32.38) * (100% - 0.6045) * (1 - 0.21) + 0.3683 + 0.6045 = 6.24
Terminal Value = Discount (1.65 * (1 + 0.1605) / (6.24 - 0.1605)) = 14.44
Company Value = ∑ (1.65 / (1 + 6.24) ^ 5) = 5.15
Price = (Terminal Value + Company Value) / Count shares = (14.44 + 5.15) / 325950000 = 60.09

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) = 3.24
FCF 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 = 2.48
Debt = 32.38
Market Cap = 49.5
Weight Debt = Market Cap / (Market Cap + Debt) = 49.5 / (49.5 + 32.38) = 0.6045
Weight Cost Debt = 100% - 0.6045 = 0.3955
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 = 5.74
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 5.74 * 5.94 + 0 = 0.3683
WACC = (2.48 / 32.38) * (100% - 0.6045) * (1 - 0.21) + 0.3683 + 0.6045 = 6.24
Terminal Value = Discount (3.24 * (1 + -1.77) / (6.24 - -1.77)) = -1.01
Company Value = ∑ (3.24 / (1 + 6.24) ^ 5) = 5.93
Price = (Terminal Value + Company Value) / Count shares = (-1.01 + 5.93) / 325950000 = 15.1