NYSE: INFO - IHS Markit

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 = 3.01
CAGR EPS = 23.68%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 3.01 * (1 + 23.68%) / (0.0433 * 2) = 42.99

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) = 5.8
FCF Yield = 0.1738
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
Debt = 4.96
Market Cap = 45.9
Weight Debt = Market Cap / (Market Cap + Debt) = 45.9 / (45.9 + 4.96) = 0.9025
Weight Cost Debt = 100% - 0.9025 = 0.0975
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 = -7.37
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -7.37 * 5.94 + 0 = -0.4102
WACC = (0 / 4.96) * (100% - 0.9025) * (1 - 0.21) + -0.4102 + 0.9025 = -0.3702
Terminal Value = Discount (5.8 * (1 + 0.1738) / (-0.3702 - 0.1738)) = 39.04
Company Value = ∑ (5.8 / (1 + -0.3702) ^ 5) = 21.85
Price = (Terminal Value + Company Value) / Count shares = (39.04 + 21.85) / 401000000 = 151.84