SZSE: 000783 - Changjiang Securities Company Limited

Price = EPS * (1 + CAGR EPS) / (Key Rate * Excess Key Rate)
EPS = Earning Per Share
CAGR EPS = CAGR 5 EPS
Key Rate — Taxa chave
Excess Key Rate — Excesso desejado da taxa básica
EPS = 0.39
CAGR EPS = 0%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 0.39 * (1 + 0%) / (0.0458 * 2) = 4.26