SZSE: 000686 - Northeast Securities Co., Ltd.

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 = 0.37
CAGR EPS = 1.34%
Key Rate = 0.0483
Excess Key Rate = 2
Price = 0.37 * (1 + 1.34%) / (0.0483 * 2) = 3.88