NSE: SUNTECK - Sunteck Realty 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 = 5.05
CAGR EPS = -5.22%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 5.05 * (1 + -5.22%) / (0.0458 * 2) = 52.24

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 = 1.5
g = 0.038
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 = 0.0991
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0.0991 * 5.94 + 0 = 0.0334
Price = (1.5 * (1 + 0.038)) / (0.0334 - 0.038) = 339.34

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) = 1.6
Ebitda Yield = -0.0155
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 = 0.6835
Debt = 3.75
Market Cap = 40.14
Weight Debt = Market Cap / (Market Cap + Debt) = 40.14 / (40.14 + 3.75) = 0.9146
Weight Cost Debt = 100% - 0.9146 = 0.0854
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 = 0.0991
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0.0991 * 5.94 + 0 = 0.0334
WACC = (0.6835 / 3.75) * (100% - 0.9146) * (1 - 0.21) + 0.0334 + 0.9146 = 14.3
Terminal Value = Discount (1.6 * (1 + -0.0155) / (14.3 - -0.0155)) = 5.09
Company Value = ∑ (1.6 / (1 + 14.3) ^ 5) = 5.64
Price = (Terminal Value + Company Value) / Count shares = (5.09 + 5.64) / 140470000 = 76.4

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) = -0.000506
FCF Yield = -0.4441
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 = 0.6835
Debt = 3.75
Market Cap = 40.14
Weight Debt = Market Cap / (Market Cap + Debt) = 40.14 / (40.14 + 3.75) = 0.9146
Weight Cost Debt = 100% - 0.9146 = 0.0854
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 = 0.0991
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0.0991 * 5.94 + 0 = 0.0334
WACC = (0.6835 / 3.75) * (100% - 0.9146) * (1 - 0.21) + 0.0334 + 0.9146 = 14.3
Terminal Value = Discount (-0.000506 * (1 + -0.4441) / (14.3 - -0.4441)) = -0.000246
Company Value = ∑ (-0.000506 / (1 + 14.3) ^ 5) = -0.0088
Price = (Terminal Value + Company Value) / Count shares = (-0.000246 + -0.0088) / 140470000 = -0.0643