OTC: RLLCF - Rolls-Royce Holdings plc

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 = 0.38
CAGR EPS = 477.21%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0.004 + (0.004 * 477.21% / 100) = 0.0231

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) = 27.29
Ebitda Yield = 0.4127
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 = 0.7654
Debt = 4.55
Market Cap = 396.77
Weight Debt = Market Cap / (Market Cap + Debt) = 396.77 / (396.77 + 4.55) = 0.9887
Weight Cost Debt = 100% - 0.9887 = 0.0113
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) = 2.82
β = 0.6721
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0.6721 * 5.94 + 0 = 0.0681
WACC = (0.7654 / 4.55) * (100% - 0.9887) * (1 - 0.21) + 0.0681 + 0.9887 = 13.22
Terminal Value = Discount (27.29 * (1 + 0.4127) / (13.22 - 0.4127)) = 73.87
Company Value = ∑ (27.29 / (1 + 13.22) ^ 5) = 49.44
Price = (Terminal Value + Company Value) / Count shares = (73.87 + 49.44) / 8404999999 = 14.67

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) = 3.13
FCF Yield = 0.1169
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 = 0.7654
Debt = 4.55
Market Cap = 396.77
Weight Debt = Market Cap / (Market Cap + Debt) = 396.77 / (396.77 + 4.55) = 0.9887
Weight Cost Debt = 100% - 0.9887 = 0.0113
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) = 2.82
β = 0.6721
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0.6721 * 5.94 + 0 = 0.0681
WACC = (0.7654 / 4.55) * (100% - 0.9887) * (1 - 0.21) + 0.0681 + 0.9887 = 13.22
Terminal Value = Discount (3.13 * (1 + 0.1169) / (13.22 - 0.1169)) = 122.91
Company Value = ∑ (3.13 / (1 + 13.22) ^ 5) = 8.64
Price = (Terminal Value + Company Value) / Count shares = (122.91 + 8.64) / 8404999999 = 15.65