SZSE: 002821 - Asymchem Laboratories (Tianjin) 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 = 9.35
CAGR EPS = 25.54%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 91.94 + (91.94 * 25.54% / 100) = 115.42

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 = 1.8
g = 0.7399
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 = 0.392
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 0.392 * 5.94 + 0 = 0.0493
Price = (1.8 * (1 + 0.7399)) / (0.0493 - 0.7399) = 4.53