NSE: VALIANTORG - Valiant Organics 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 = -3.04
CAGR EPS = -157.24%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0 + (0 * -157.24% / 100) = 20.11

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) = 0.1363
Ebitda Yield = -0.2037
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 = 0.1634
Debt = 2.57
Market Cap = 14.76
Weight Debt = Market Cap / (Market Cap + Debt) = 14.76 / (14.76 + 2.57) = 0.8517
Weight Cost Debt = 100% - 0.8517 = 0.1483
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 = 1.67
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 1.67 * 5.94 + 0 = 0.1283
WACC = (0.1634 / 2.57) * (100% - 0.8517) * (1 - 0.21) + 0.1283 + 0.8517 = 5.09
Terminal Value = Discount (0.1363 * (1 + -0.2037) / (5.09 - -0.2037)) = 0.3324
Company Value = ∑ (0.1363 / (1 + 5.09) ^ 5) = 0.9988
Price = (Terminal Value + Company Value) / Count shares = (0.3324 + 0.9988) / 27970000 = 47.6

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) = 0.1725
FCF Yield = 0.1372
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 = 0.1634
Debt = 2.57
Market Cap = 14.76
Weight Debt = Market Cap / (Market Cap + Debt) = 14.76 / (14.76 + 2.57) = 0.8517
Weight Cost Debt = 100% - 0.8517 = 0.1483
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 = 1.67
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 1.67 * 5.94 + 0 = 0.1283
WACC = (0.1634 / 2.57) * (100% - 0.8517) * (1 - 0.21) + 0.1283 + 0.8517 = 5.09
Terminal Value = Discount (0.1725 * (1 + 0.1372) / (5.09 - 0.1372)) = 1.77
Company Value = ∑ (0.1725 / (1 + 5.09) ^ 5) = 0.5783
Price = (Terminal Value + Company Value) / Count shares = (1.77 + 0.5783) / 27970000 = 84.07