NSE: SWSOLAR - Sterling and Wilson Renewable Energy 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 = -10.4
CAGR EPS = -188.34%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 0 + (0 * -188.34% / 100) = 100.29

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) = 0.000104
Ebitda Yield = -1.22
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 = 2.19
Debt = 4.84
Market Cap = 54.85
Weight Debt = Market Cap / (Market Cap + Debt) = 54.85 / (54.85 + 4.84) = 0.9189
Weight Cost Debt = 100% - 0.9189 = 0.0811
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 = -1.47
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -1.47 * 5.94 + 0 = -0.0599
WACC = (2.19 / 4.84) * (100% - 0.9189) * (1 - 0.21) + -0.0599 + 0.9189 = 35.26
Terminal Value = Discount (0.000104 * (1 + -1.22) / (35.26 - -1.22)) = 0
Company Value = ∑ (0.000104 / (1 + 35.26) ^ 5) = 0.031
Price = (Terminal Value + Company Value) / Count shares = (0 + 0.031) / 189690000 = 0.1633

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) = 3.33
FCF Yield = 0.0034
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 = 2.19
Debt = 4.84
Market Cap = 54.85
Weight Debt = Market Cap / (Market Cap + Debt) = 54.85 / (54.85 + 4.84) = 0.9189
Weight Cost Debt = 100% - 0.9189 = 0.0811
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 = -1.47
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -1.47 * 5.94 + 0 = -0.0599
WACC = (2.19 / 4.84) * (100% - 0.9189) * (1 - 0.21) + -0.0599 + 0.9189 = 35.26
Terminal Value = Discount (3.33 * (1 + 0.0034) / (35.26 - 0.0034)) = 2.11
Company Value = ∑ (3.33 / (1 + 35.26) ^ 5) = 7.29
Price = (Terminal Value + Company Value) / Count shares = (2.11 + 7.29) / 189690000 = 49.54