Pardee Resources Company

Price = Avg Price + (Avg Price * CAGR EPS% / 100)
EPS = Earning Per Share
CAGR EPS = CAGR 5 EPS
Key Rate — 关键率
Excess Key Rate — 超出关键率的期望
EPS = 21.75
CAGR EPS = 51.67%
Key Rate = 0.0408
Excess Key Rate = 2
Price = 296.16 + (296.16 * 51.67% / 100) = 449.19

Price = (DPS * (1 + g)) / (Cost Of Equity - g)
Price - 合理的价格
DPS — 当前股息
g — 预期增长率
DPS = 32.2
g = 0.32
Cost Of Equity — 贴现率
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — 盈利能力
β (beta) — 确定与市场有关的股份（资产）风险（资产），并显示了与市场收益变化有关的行动盈利能力变化的敏感性。 Beta系数不仅可以针对单独的操作计算，还可以计算投资组合。
Risk Premium — 高级风险 - 投资诉讼风险的奖励
Country Premium - 国家风险
k(f) = 2.92
β = -0.3977
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.92 + -0.3977 * 5.94 + 0 = 0.0056
Price = (32.2 * (1 + 0.32)) / (0.0056 - 0.32) = 135.18

Price = (Terminal Value + Company Value) / Count shares
Price - 合理的价格
Terminal Value — 邮政过程中的费用
Company Value — 预测期内的成本
Count shares - 股票数量
Terminal Value = Discount Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = 0.0496
Ebitda Yield = 0.1668
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - 债务服务
Debt - 债务，十亿
Weight Debt - 相对于债务的重量
Weight Cost Debt - 债务权重有关大写
Tax - 税
Interest Expense = 5.2E-5
Debt = 0.0049
Market Cap = 0.1927
Weight Debt = Market Cap / (Market Cap + Debt) = 0.1927 / (0.1927 + 0.0049) = 0.975
Weight Cost Debt = 100% - 0.975 = 0.025
Tax = 0.21
Cost Of Equity — 贴现率
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — 盈利能力
β (beta) — 确定与市场有关的股份（资产）风险（资产），并显示了与市场收益变化有关的行动盈利能力变化的敏感性。 Beta系数不仅可以针对单独的操作计算，还可以计算投资组合。
Risk Premium — 高级风险 - 投资诉讼风险的奖励
Country Premium - 国家风险
k(f) = 2.92
β = -0.3977
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.92 + -0.3977 * 5.94 + 0 = 0.0056
WACC = (5.2E-5 / 0.0049) * (100% - 0.975) * (1 - 0.21) + 0.0056 + 0.975 = 0.8339
Terminal Value = Discount (0.0496 * (1 + 0.1668) / (0.8339 - 0.1668)) = 0.3505
Company Value = ∑ (0.0496 / (1 + 0.8339) ^ 5) = 0.1816
Price = (Terminal Value + Company Value) / Count shares = (0.3505 + 0.1816) / 650900 = 817.4

Price = (Terminal Value + Company Value) / Count shares
Price - 合理的价格
Terminal Value — 邮政过程中的费用
Company Value — 预测期内的成本
Count shares - 股票数量
Terminal Value = Discount FCF(5) * (1 + FCF Yield) / (WACC - FCF Yield)
Company Value = ∑ (Discount FCF / (1 + WACC) ^ 5)
Discount FCF(5) = 0.0409
FCF Yield = 0.2148
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - 债务服务
Debt - 债务，十亿
Weight Debt - 相对于债务的重量
Weight Cost Debt - 债务权重有关大写
Tax - 税
Interest Expense = 5.2E-5
Debt = 0.0049
Market Cap = 0.1927
Weight Debt = Market Cap / (Market Cap + Debt) = 0.1927 / (0.1927 + 0.0049) = 0.975
Weight Cost Debt = 100% - 0.975 = 0.025
Tax = 0.21
Cost Of Equity — 贴现率
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — 盈利能力
β (beta) — 确定与市场有关的股份（资产）风险（资产），并显示了与市场收益变化有关的行动盈利能力变化的敏感性。 Beta系数不仅可以针对单独的操作计算，还可以计算投资组合。
Risk Premium — 高级风险 - 投资诉讼风险的奖励
Country Premium - 国家风险
k(f) = 2.92
β = -0.3977
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.92 + -0.3977 * 5.94 + 0 = 0.0056
WACC = (5.2E-5 / 0.0049) * (100% - 0.975) * (1 - 0.21) + 0.0056 + 0.975 = 0.8339
Terminal Value = Discount (0.0409 * (1 + 0.2148) / (0.8339 - 0.2148)) = 0.2306
Company Value = ∑ (0.0409 / (1 + 0.8339) ^ 5) = 0.1397
Price = (Terminal Value + Company Value) / Count shares = (0.2306 + 0.1397) / 650900 = 568.94