NSE: STLTECH - Sterlite Technologies 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 = -1.27
CAGR EPS = -165.37%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0 + (0 * -165.37% / 100) = 9.59

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 Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = 3.5
Ebitda Yield = -0.0936
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 = 3.69
Debt = 33.76
Market Cap = 59.04
Weight Debt = Market Cap / (Market Cap + Debt) = 59.04 / (59.04 + 33.76) = 0.6362
Weight Cost Debt = 100% - 0.6362 = 0.3638
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 = 3.82
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 3.82 * 5.94 + 0 = 0.2556
WACC = (3.69 / 33.76) * (100% - 0.6362) * (1 - 0.21) + 0.2556 + 0.6362 = 8.74
Terminal Value = Discount (3.5 * (1 + -0.0936) / (8.74 - -0.0936)) = 11.52
Company Value = ∑ (3.5 / (1 + 8.74) ^ 5) = 17.12
Price = (Terminal Value + Company Value) / Count shares = (11.52 + 17.12) / 401570000 = 71.32

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) = 8.41
FCF Yield = 0.1049
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 = 3.69
Debt = 33.76
Market Cap = 59.04
Weight Debt = Market Cap / (Market Cap + Debt) = 59.04 / (59.04 + 33.76) = 0.6362
Weight Cost Debt = 100% - 0.6362 = 0.3638
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 = 3.82
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 3.82 * 5.94 + 0 = 0.2556
WACC = (3.69 / 33.76) * (100% - 0.6362) * (1 - 0.21) + 0.2556 + 0.6362 = 8.74
Terminal Value = Discount (8.41 * (1 + 0.1049) / (8.74 - 0.1049)) = 350.08
Company Value = ∑ (8.41 / (1 + 8.74) ^ 5) = 26.81
Price = (Terminal Value + Company Value) / Count shares = (350.08 + 26.81) / 401570000 = 938.55