NYSE: SLB - Schlumberger

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 = 2.91
CAGR EPS = 19.13%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 48.03 + (48.03 * 19.13% / 100) = 57.21

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 = 1.1
g = 0.3927
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 = 0.4278
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 0.4278 * 5.94 + 0 = 0.0543
Price = (1.1 * (1 + 0.3927)) / (0.0543 - 0.3927) = 4.53

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) = 15.6
Ebitda Yield = 0.1564
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 = 0.503
Debt = 11.97
Market Cap = 82.47
Weight Debt = Market Cap / (Market Cap + Debt) = 82.47 / (82.47 + 11.97) = 0.8733
Weight Cost Debt = 100% - 0.8733 = 0.1267
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 = 0.4278
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 0.4278 * 5.94 + 0 = 0.0543
WACC = (0.503 / 11.97) * (100% - 0.8733) * (1 - 0.21) + 0.0543 + 0.8733 = 3.34
Terminal Value = Discount (15.6 * (1 + 0.1564) / (3.34 - 0.1564)) = 124.47
Company Value = ∑ (15.6 / (1 + 3.34) ^ 5) = 53.52
Price = (Terminal Value + Company Value) / Count shares = (124.47 + 53.52) / 1443000000 = 123.35

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) = 5.63
FCF Yield = 0.0439
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 = 0.503
Debt = 11.97
Market Cap = 82.47
Weight Debt = Market Cap / (Market Cap + Debt) = 82.47 / (82.47 + 11.97) = 0.8733
Weight Cost Debt = 100% - 0.8733 = 0.1267
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 = 0.4278
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 0.4278 * 5.94 + 0 = 0.0543
WACC = (0.503 / 11.97) * (100% - 0.8733) * (1 - 0.21) + 0.0543 + 0.8733 = 3.34
Terminal Value = Discount (5.63 * (1 + 0.0439) / (3.34 - 0.0439)) = 475.92
Company Value = ∑ (5.63 / (1 + 3.34) ^ 5) = 23.43
Price = (Terminal Value + Company Value) / Count shares = (475.92 + 23.43) / 1443000000 = 346.05