NYSE: CINT - CI&T Inc.

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 = 0.9527
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 4.54 + (4.54 * 8.66% / 100) = 4.93

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) = 1.03
Ebitda Yield = 0.2158
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 = 0.0835
Debt = 1.01
Market Cap = 0.7081
Weight Debt = Market Cap / (Market Cap + Debt) = 0.7081 / (0.7081 + 1.01) = 0.4118
Weight Cost Debt = 100% - 0.4118 = 0.5882
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) = 2.39
β = 3.03
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.39 + 3.03 * 5.94 + 0 = 0.2036
WACC = (0.0835 / 1.01) * (100% - 0.4118) * (1 - 0.21) + 0.2036 + 0.4118 = 6.58
Terminal Value = Discount (1.03 * (1 + 0.2158) / (6.58 - 0.2158)) = 6.04
Company Value = ∑ (1.03 / (1 + 6.58) ^ 5) = 2.92
Price = (Terminal Value + Company Value) / Count shares = (6.04 + 2.92) / 139150000 = 64.39

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) = 0.8094
FCF Yield = 0.2445
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 = 0.0835
Debt = 1.01
Market Cap = 0.7081
Weight Debt = Market Cap / (Market Cap + Debt) = 0.7081 / (0.7081 + 1.01) = 0.4118
Weight Cost Debt = 100% - 0.4118 = 0.5882
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) = 2.39
β = 3.03
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.39 + 3.03 * 5.94 + 0 = 0.2036
WACC = (0.0835 / 1.01) * (100% - 0.4118) * (1 - 0.21) + 0.2036 + 0.4118 = 6.58
Terminal Value = Discount (0.8094 * (1 + 0.2445) / (6.58 - 0.2445)) = 4.1
Company Value = ∑ (0.8094 / (1 + 6.58) ^ 5) = 2.21
Price = (Terminal Value + Company Value) / Count shares = (4.1 + 2.21) / 139150000 = 45.34