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 = 0
CAGR EPS = 7.28%
Key Rate = 0.0364
Excess Key Rate = 2
Price = 3.67 + (3.67 * 7.28% / 100) = 3.94

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 = 0.15
g = -0.3
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) = 2.71
β = 0.93
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.71 + 0.93 * 5.94 + 0 = 0.0824
Price = (0.15 * (1 + -0.3)) / (0.0824 - -0.3) = 0.28