NYSE: OCFT - OneConnect Financial Technology Co., Ltd.

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 = -9.99
CAGR EPS = 28.25%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 2.72 + (2.72 * 28.25% / 100) = 3.49

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) = -0.0158
Ebitda Yield = -0.3256
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 = 0.0195
Debt = 0.3573
Market Cap = 0.133
Weight Debt = Market Cap / (Market Cap + Debt) = 0.133 / (0.133 + 0.3573) = 0.2712
Weight Cost Debt = 100% - 0.2712 = 0.7288
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) = 2.6
β = 4.74
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 4.74 * 5.94 + 0 = 0.3074
WACC = (0.0195 / 0.3573) * (100% - 0.2712) * (1 - 0.21) + 0.3074 + 0.2712 = 4.39
Terminal Value = Discount (-0.0158 * (1 + -0.3256) / (4.39 - -0.3256)) = -0.0232
Company Value = ∑ (-0.0158 / (1 + 4.39) ^ 5) = -0.1832
Price = (Terminal Value + Company Value) / Count shares = (-0.0232 + -0.1832) / 36320000 = -5.68

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) = -0.2829
FCF Yield = -0.1623
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 = 0.0195
Debt = 0.3573
Market Cap = 0.133
Weight Debt = Market Cap / (Market Cap + Debt) = 0.133 / (0.133 + 0.3573) = 0.2712
Weight Cost Debt = 100% - 0.2712 = 0.7288
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) = 2.6
β = 4.74
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 4.74 * 5.94 + 0 = 0.3074
WACC = (0.0195 / 0.3573) * (100% - 0.2712) * (1 - 0.21) + 0.3074 + 0.2712 = 4.39
Terminal Value = Discount (-0.2829 * (1 + -0.1623) / (4.39 - -0.1623)) = -0.9269
Company Value = ∑ (-0.2829 / (1 + 4.39) ^ 5) = -1.86
Price = (Terminal Value + Company Value) / Count shares = (-0.9269 + -1.86) / 36320000 = -76.71