NYSE: FI - Frank's International N.V.

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 = 4.98
CAGR EPS = 46.48%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 4.98 * (1 + 46.48%) / (0.0458 * 2) = 79.66

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) = 286.89
Ebitda Yield = 1.06
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 = 0.989
Debt = 22.58
Market Cap = 73.2
Weight Debt = Market Cap / (Market Cap + Debt) = 73.2 / (73.2 + 22.58) = 0.7642
Weight Cost Debt = 100% - 0.7642 = 0.2358
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 = 1.86
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 1.86 * 5.94 + 0 = 0.1381
WACC = (0.989 / 22.58) * (100% - 0.7642) * (1 - 0.21) + 0.1381 + 0.7642 = 3.54
Terminal Value = Discount (286.89 * (1 + 1.06) / (3.54 - 1.06)) = 485.29
Company Value = ∑ (286.89 / (1 + 3.54) ^ 5) = 469.64
Price = (Terminal Value + Company Value) / Count shares = (485.29 + 469.64) / 615900000 = 1550.46

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) = 731.98
FCF Yield = 1.85
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 = 0.989
Debt = 22.58
Market Cap = 73.2
Weight Debt = Market Cap / (Market Cap + Debt) = 73.2 / (73.2 + 22.58) = 0.7642
Weight Cost Debt = 100% - 0.7642 = 0.2358
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 = 1.86
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 1.86 * 5.94 + 0 = 0.1381
WACC = (0.989 / 22.58) * (100% - 0.7642) * (1 - 0.21) + 0.1381 + 0.7642 = 3.54
Terminal Value = Discount (731.98 * (1 + 1.85) / (3.54 - 1.85)) = 966.64
Company Value = ∑ (731.98 / (1 + 3.54) ^ 5) = 960.5
Price = (Terminal Value + Company Value) / Count shares = (966.64 + 960.5) / 615900000 = 3128.98