NSE: WESTLIFE - Westlife Foodworld 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 = 4.44
CAGR EPS = 62.71%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 4.44 * (1 + 62.71%) / (0.0458 * 2) = 78.87

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) = 6.08
Ebitda Yield = 0.0941
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 = 1.1
Debt = 16.02
Market Cap = 140.36
Weight Debt = Market Cap / (Market Cap + Debt) = 140.36 / (140.36 + 16.02) = 0.8976
Weight Cost Debt = 100% - 0.8976 = 0.1024
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 = 1.28
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 1.28 * 5.94 + 0 = 0.1033
WACC = (1.1 / 16.02) * (100% - 0.8976) * (1 - 0.21) + 0.1033 + 0.8976 = 5.46
Terminal Value = Discount (6.08 * (1 + 0.0941) / (5.46 - 0.0941)) = 128.88
Company Value = ∑ (6.08 / (1 + 5.46) ^ 5) = 21.69
Price = (Terminal Value + Company Value) / Count shares = (128.88 + 21.69) / 155940000 = 965.51

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) = 1.86
FCF Yield = 0.0867
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 = 1.1
Debt = 16.02
Market Cap = 140.36
Weight Debt = Market Cap / (Market Cap + Debt) = 140.36 / (140.36 + 16.02) = 0.8976
Weight Cost Debt = 100% - 0.8976 = 0.1024
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 = 1.28
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 1.28 * 5.94 + 0 = 0.1033
WACC = (1.1 / 16.02) * (100% - 0.8976) * (1 - 0.21) + 0.1033 + 0.8976 = 5.46
Terminal Value = Discount (1.86 * (1 + 0.0867) / (5.46 - 0.0867)) = 48.35
Company Value = ∑ (1.86 / (1 + 5.46) ^ 5) = 6.73
Price = (Terminal Value + Company Value) / Count shares = (48.35 + 6.73) / 155940000 = 353.21