NYSE: EOG - EOG Resources

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 = 13
CAGR EPS = 22.52%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 125.72 + (125.72 * 22.52% / 100) = 154.03

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 = 4.62
g = 0.4041
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 = 0.7919
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 0.7919 * 5.94 + 0 = 0.0759
Price = (4.62 * (1 + 0.4041)) / (0.0759 - 0.4041) = 19.75

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) = 21.15
Ebitda Yield = 0.0947
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 = 0.148
Debt = 3.94
Market Cap = 76.06
Weight Debt = Market Cap / (Market Cap + Debt) = 76.06 / (76.06 + 3.94) = 0.9507
Weight Cost Debt = 100% - 0.9507 = 0.0493
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 = 0.7919
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 0.7919 * 5.94 + 0 = 0.0759
WACC = (0.148 / 3.94) * (100% - 0.9507) * (1 - 0.21) + 0.0759 + 0.9507 = 3.01
Terminal Value = Discount (21.15 * (1 + 0.0947) / (3.01 - 0.0947)) = 309.05
Company Value = ∑ (21.15 / (1 + 3.01) ^ 5) = 81.04
Price = (Terminal Value + Company Value) / Count shares = (309.05 + 81.04) / 584000000 = 667.96

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) = 12.51
FCF Yield = 0.1941
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 = 0.148
Debt = 3.94
Market Cap = 76.06
Weight Debt = Market Cap / (Market Cap + Debt) = 76.06 / (76.06 + 3.94) = 0.9507
Weight Cost Debt = 100% - 0.9507 = 0.0493
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 = 0.7919
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 0.7919 * 5.94 + 0 = 0.0759
WACC = (0.148 / 3.94) * (100% - 0.9507) * (1 - 0.21) + 0.0759 + 0.9507 = 3.01
Terminal Value = Discount (12.51 * (1 + 0.1941) / (3.01 - 0.1941)) = 78.57
Company Value = ∑ (12.51 / (1 + 3.01) ^ 5) = 41.03
Price = (Terminal Value + Company Value) / Count shares = (78.57 + 41.03) / 584000000 = 204.79