NYSE: BECN - Beacon Roofing Supply

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 = 6.83
CAGR EPS = 115.09%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 99.34 + (99.34 * 115.09% / 100) = 213.67

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) = 1.64
Ebitda Yield = 0.1284
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 = 0.1261
Debt = 2.4
Market Cap = 4.96
Weight Debt = Market Cap / (Market Cap + Debt) = 4.96 / (4.96 + 2.4) = 0.6741
Weight Cost Debt = 100% - 0.6741 = 0.3259
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) = 3
β = 6
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 6 * 5.94 + 0 = 0.3867
WACC = (0.1261 / 2.4) * (100% - 0.6741) * (1 - 0.21) + 0.3867 + 0.6741 = 4.39
Terminal Value = Discount (1.64 * (1 + 0.1284) / (4.39 - 0.1284)) = 17.65
Company Value = ∑ (1.64 / (1 + 4.39) ^ 5) = 5.69
Price = (Terminal Value + Company Value) / Count shares = (17.65 + 5.69) / 63700000 = 366.38

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) = 2.19
FCF Yield = 0.2696
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 = 0.1261
Debt = 2.4
Market Cap = 4.96
Weight Debt = Market Cap / (Market Cap + Debt) = 4.96 / (4.96 + 2.4) = 0.6741
Weight Cost Debt = 100% - 0.6741 = 0.3259
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) = 3
β = 6
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 6 * 5.94 + 0 = 0.3867
WACC = (0.1261 / 2.4) * (100% - 0.6741) * (1 - 0.21) + 0.3867 + 0.6741 = 4.39
Terminal Value = Discount (2.19 * (1 + 0.2696) / (4.39 - 0.2696)) = 9.95
Company Value = ∑ (2.19 / (1 + 4.39) ^ 5) = 6.21
Price = (Terminal Value + Company Value) / Count shares = (9.95 + 6.21) / 63700000 = 253.78