NYSE: AJAX - Ajax I

Price = EPS * (1 + CAGR EPS) / (Key Rate * Excess Key Rate)
EPS = Earning Per Share
CAGR EPS = CAGR 5 EPS
Key Rate — Ключевая ставка
Excess Key Rate — Желаемое превышение ключевой ставки
EPS = 0
CAGR EPS = -100
Key Rate = 0.0533
Excess Key Rate = 2
Price = 0 * (1 + -100) / (0.0533 * 2) = 12.6