NSE: NAVINFLUOR - Navin Fluorine International 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 = 54.49
CAGR EPS = -7.96%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 54.49 * (1 + -7.96%) / (0.0458 * 2) = 547.54

Price = (DPS * (1 + g)) / (Cost Of Equity - g)
Price - 价格公道
DPS — 当期股息
g — 预期增长率
DPS = 10
g = 0.1333
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 = 0.2851
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0.2851 * 5.94 + 0 = 0.0444
Price = (10 * (1 + 0.1333)) / (0.0444 - 0.1333) = 127.58

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) = 5.2
Ebitda Yield = 0.0547
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 = 0.7456
Debt = 13.51
Market Cap = 219.3
Weight Debt = Market Cap / (Market Cap + Debt) = 219.3 / (219.3 + 13.51) = 0.942
Weight Cost Debt = 100% - 0.942 = 0.058
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 = 0.2851
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0.2851 * 5.94 + 0 = 0.0444
WACC = (0.7456 / 13.51) * (100% - 0.942) * (1 - 0.21) + 0.0444 + 0.942 = 4.36
Terminal Value = Discount (5.2 * (1 + 0.0547) / (4.36 - 0.0547)) = 399.69
Company Value = ∑ (5.2 / (1 + 4.36) ^ 5) = 20.56
Price = (Terminal Value + Company Value) / Count shares = (399.69 + 20.56) / 49730000 = 8450.59

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) = 0.0474
FCF Yield = -1.62
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 = 0.7456
Debt = 13.51
Market Cap = 219.3
Weight Debt = Market Cap / (Market Cap + Debt) = 219.3 / (219.3 + 13.51) = 0.942
Weight Cost Debt = 100% - 0.942 = 0.058
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 = 0.2851
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0.2851 * 5.94 + 0 = 0.0444
WACC = (0.7456 / 13.51) * (100% - 0.942) * (1 - 0.21) + 0.0444 + 0.942 = 4.36
Terminal Value = Discount (0.0474 * (1 + -1.62) / (4.36 - -1.62)) = -0.0142
Company Value = ∑ (0.0474 / (1 + 4.36) ^ 5) = 0.2136
Price = (Terminal Value + Company Value) / Count shares = (-0.0142 + 0.2136) / 49730000 = 4.01