NYSE: AMCR - Amcor plc

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 = 0.5066
CAGR EPS = 5.92%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0.5066 * (1 + 5.92%) / (0.0433 * 2) = 6.2

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 = 0.631
g = 0.031
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) = 2.82
β = 1.7
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 1.7 * 5.94 + 0 = 0.129
Price = (0.631 * (1 + 0.031)) / (0.129 - 0.031) = 6.63

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) = 1.99
Ebitda Yield = 0.0147
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 = 0.348
Debt = 7.19
Market Cap = 13.86
Weight Debt = Market Cap / (Market Cap + Debt) = 13.86 / (13.86 + 7.19) = 0.6585
Weight Cost Debt = 100% - 0.6585 = 0.3415
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) = 2.82
β = 1.7
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 1.7 * 5.94 + 0 = 0.129
WACC = (0.348 / 7.19) * (100% - 0.6585) * (1 - 0.21) + 0.129 + 0.6585 = 3.89
Terminal Value = Discount (1.99 * (1 + 0.0147) / (3.89 - 0.0147)) = 69.06
Company Value = ∑ (1.99 / (1 + 3.89) ^ 5) = 8.6
Price = (Terminal Value + Company Value) / Count shares = (69.06 + 8.6) / 1441000000 = 53.9

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) = 0.7225
FCF Yield = -0.0271
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 = 0.348
Debt = 7.19
Market Cap = 13.86
Weight Debt = Market Cap / (Market Cap + Debt) = 13.86 / (13.86 + 7.19) = 0.6585
Weight Cost Debt = 100% - 0.6585 = 0.3415
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) = 2.82
β = 1.7
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 1.7 * 5.94 + 0 = 0.129
WACC = (0.348 / 7.19) * (100% - 0.6585) * (1 - 0.21) + 0.129 + 0.6585 = 3.89
Terminal Value = Discount (0.7225 * (1 + -0.0271) / (3.89 - -0.0271)) = 8.81
Company Value = ∑ (0.7225 / (1 + 3.89) ^ 5) = 3.42
Price = (Terminal Value + Company Value) / Count shares = (8.81 + 3.42) / 1441000000 = 8.48