NSE: SCHNEIDER - Schneider Electric Infrastructure 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 = 7.19
CAGR EPS = 56.15%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 7.19 * (1 + 56.15%) / (0.0458 * 2) = 122.57

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) = 18.79
Ebitda Yield = 0.4475
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 = 0.6889
Debt = 4.74
Market Cap = 59.43
Weight Debt = Market Cap / (Market Cap + Debt) = 59.43 / (59.43 + 4.74) = 0.9261
Weight Cost Debt = 100% - 0.9261 = 0.0739
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 = 0.0331
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0.0331 * 5.94 + 0 = 0.0295
WACC = (0.6889 / 4.74) * (100% - 0.9261) * (1 - 0.21) + 0.0295 + 0.9261 = 11.39
Terminal Value = Discount (18.79 * (1 + 0.4475) / (11.39 - 0.4475)) = 47.55
Company Value = ∑ (18.79 / (1 + 11.39) ^ 5) = 34.71
Price = (Terminal Value + Company Value) / Count shares = (47.55 + 34.71) / 239100000 = 344.05

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) = 8.46
FCF Yield = 0.5287
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 = 0.6889
Debt = 4.74
Market Cap = 59.43
Weight Debt = Market Cap / (Market Cap + Debt) = 59.43 / (59.43 + 4.74) = 0.9261
Weight Cost Debt = 100% - 0.9261 = 0.0739
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 = 0.0331
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0.0331 * 5.94 + 0 = 0.0295
WACC = (0.6889 / 4.74) * (100% - 0.9261) * (1 - 0.21) + 0.0295 + 0.9261 = 11.39
Terminal Value = Discount (8.46 * (1 + 0.5287) / (11.39 - 0.5287)) = 18.19
Company Value = ∑ (8.46 / (1 + 11.39) ^ 5) = 14.45
Price = (Terminal Value + Company Value) / Count shares = (18.19 + 14.45) / 239100000 = 136.52