NYSE: NOMD - Nomad Foods Limited

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 = 1.13
CAGR EPS = -1.92%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 1.13 * (1 + -1.92%) / (0.0433 * 2) = 12.75

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 = 0.7041
g = 0.0424
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 = -1.48
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -1.48 * 5.94 + 0 = -0.0587
Price = (0.7041 * (1 + 0.0424)) / (-0.0587 - 0.0424) = 7.26

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) = 0.547
Ebitda Yield = 0.0263
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 = 0.131
Debt = 2.13
Market Cap = 3.11
Weight Debt = Market Cap / (Market Cap + Debt) = 3.11 / (3.11 + 2.13) = 0.593
Weight Cost Debt = 100% - 0.593 = 0.407
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 = -1.48
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -1.48 * 5.94 + 0 = -0.0587
WACC = (0.131 / 2.13) * (100% - 0.593) * (1 - 0.21) + -0.0587 + 0.593 = 4.78
Terminal Value = Discount (0.547 * (1 + 0.0263) / (4.78 - 0.0263)) = 20.62
Company Value = ∑ (0.547 / (1 + 4.78) ^ 5) = 2.26
Price = (Terminal Value + Company Value) / Count shares = (20.62 + 2.26) / 171200000 = 133.64

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) = 0.4301
FCF Yield = 0.043
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 = 0.131
Debt = 2.13
Market Cap = 3.11
Weight Debt = Market Cap / (Market Cap + Debt) = 3.11 / (3.11 + 2.13) = 0.593
Weight Cost Debt = 100% - 0.593 = 0.407
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 = -1.48
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -1.48 * 5.94 + 0 = -0.0587
WACC = (0.131 / 2.13) * (100% - 0.593) * (1 - 0.21) + -0.0587 + 0.593 = 4.78
Terminal Value = Discount (0.4301 * (1 + 0.043) / (4.78 - 0.043)) = 74.05
Company Value = ∑ (0.4301 / (1 + 4.78) ^ 5) = 1.72
Price = (Terminal Value + Company Value) / Count shares = (74.05 + 1.72) / 171200000 = 442.58