NYSE: SEE - Sealed Air

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 = 2.36
CAGR EPS = 6.88%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 2.36 * (1 + 6.88%) / (0.0458 * 2) = 27.51

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 = 1
g = 0.1596
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 = -0.0725
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + -0.0725 * 5.94 + 0 = 0.0217
Price = (1 * (1 + 0.1596)) / (0.0217 - 0.1596) = 8.41

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) = 1.76
Ebitda Yield = 0.0964
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 = 0.2963
Debt = 4.72
Market Cap = 5
Weight Debt = Market Cap / (Market Cap + Debt) = 5 / (5 + 4.72) = 0.5144
Weight Cost Debt = 100% - 0.5144 = 0.4856
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 = -0.0725
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + -0.0725 * 5.94 + 0 = 0.0217
WACC = (0.2963 / 4.72) * (100% - 0.5144) * (1 - 0.21) + 0.0217 + 0.5144 = 4.95
Terminal Value = Discount (1.76 * (1 + 0.0964) / (4.95 - 0.0964)) = 32.34
Company Value = ∑ (1.76 / (1 + 4.95) ^ 5) = 6.35
Price = (Terminal Value + Company Value) / Count shares = (32.34 + 6.35) / 144900000 = 267.03

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) = 0.2381
FCF 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 = 0.2963
Debt = 4.72
Market Cap = 5
Weight Debt = Market Cap / (Market Cap + Debt) = 5 / (5 + 4.72) = 0.5144
Weight Cost Debt = 100% - 0.5144 = 0.4856
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 = -0.0725
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + -0.0725 * 5.94 + 0 = 0.0217
WACC = (0.2963 / 4.72) * (100% - 0.5144) * (1 - 0.21) + 0.0217 + 0.5144 = 4.95
Terminal Value = Discount (0.2381 * (1 + -0.0263) / (4.95 - -0.0263)) = 2.41
Company Value = ∑ (0.2381 / (1 + 4.95) ^ 5) = 1.09
Price = (Terminal Value + Company Value) / Count shares = (2.41 + 1.09) / 144900000 = 24.14