Name of the Company Trailing PE Growth rate Risk Predicted Difference in value

CoCa-Cola Bottling 29.18 0.095 0.2058 25.11557 4.0644263653

Molson Inc 43.65 0.155 0.2188 35.2783 8.3717004049
Anheuser-Busch 24.31 0.110 0.2292 26.36702 -2.0570158222
Corby Distillaries 16.24 0.075 0.2366 19.48009 -3.2400938895
Chalone Wine Group 21.76 0.140 0.2408 31.12207 -9.3620700955
Andres Wines Ltd 8.96 0.035 0.247 11.48502 -2.5250178876
Todhunter Intl 8.94 0.030 0.2574 9.903396 -0.963396283
Brown-Forman B 10.07 0.115 0.2943 23.11799 -13.0479889233
Coors B 23.02 0.100 0.2952 20.31178 2.7082182793
PepsiCo Inc 33 0.105 0.3135 20.05712 12.942882927
CoCa-Cola 44.33 0.190 0.3551 32.97099 11.3590061538
Boston Beer 10.59 0.171 0.3958 26.94031 -16.3503053375
Whitman Corp 25.19 0.115 0.4426 13.62944 11.5605564155
Mondavi 16.47 0.140 0.4584 17.19957 -0.7295652694
Coca-Cola Enterprises 37.14 0.270 0.5134 37.50195 -0.3619518501
Hansen Natural Corp 9.7 0.170 0.6245 12.06939 -2.3693851877
Overvalued Intercept 20.87514204
Overvalued Growth rate 183.2415542
Undervalued Risk -63.98209938
Undervalued
Undervalued
Undervalued
Undervalued
Undervalued
Overvalued
Overvalued
Overvalued
Undervalued
Overvalued
Undervalued
Undervalued
Undervalued
SUMMARY OUTPUT

Regression Statistics
Multiple R 0.7153251662
R Square 0.5116900934
Adjusted R 0.4365654924
Standard E 9.1048278257
Observatio 16

ANOVA
df SS MS F Significance F
Regression 2 1129.271 564.6357 6.811219 0.009474
Residual 13 1077.673 82.89789
Total 15 2206.944

Coefficients Standard Error t Stat P-value Lower 95%Upper 95%

Lower 95.0%
Upper 95.0%
Intercept 20.8751420385 6.93563 3.009841 0.010047 5.891624 35.85866 5.891624 35.85866
Growth rat 183.241554207 50.10846 3.656899 0.002899 74.98882 291.4943 74.98882 291.4943
Risk -63.982099385 24.31682 -2.63119 0.020741 -116.515 -11.4488 -116.515 -11.4488

RESIDUAL OUTPUT PROBABILITY OUTPUT

Observation Predicted Trailing PE Residuals

Standard Residuals Percentile Trailing PE
1 25.1155736347 4.064426 0.479514 3.125 8.94
2 35.2782995951 8.3717 0.987679 9.375 8.96
3 26.3670158222 -2.05702 -0.24268 15.625 9.7
4 19.4800938895 -3.24009 -0.38226 21.875 10.07
5 31.1220700955 -9.36207 -1.10452 28.125 10.59
6 11.4850178876 -2.52502 -0.2979 34.375 16.24
7 9.903396283 -0.9634 -0.11366 40.625 16.47
8 23.1179889233 -13.048 -1.53938 46.875 21.76
9 20.3117817207 2.708218 0.319511 53.125 23.02
10 20.057117073 12.94288 1.52698 59.375 24.31
11 32.9709938462 11.35901 1.340116 65.625 25.19
12 26.9403053375 -16.3503 -1.92898 71.875 29.18
13 13.6294435845 11.56056 1.363895 78.125 33
14 17.1995652694 -0.72957 -0.08607 84.375 37.14
15 37.5019518501 -0.36195 -0.0427 90.625 43.65
16 12.0693851877 -2.36939 -0.27954 96.875 44.33
 Growth rate Residual Plot
20
10
Risk Residual Plot
Residuals

20
0
0.000 0.050
10
Growth rate Line Fit Plot
0.100 0.150 0.200 0.250 0.300
-10
Residuals

50
-20
0
40
0.15 0.2 0.25 0.3 0.35 0.4 0.45 0.5 0.55 0.6 0.65
Trailing PE Risk Line Fit Plot
-10 30
Growth rate50 Trailing PE
-20
20
10
40 Normal Probability Plot
Predicted Trailing PE

0 Trailing PE
30 Risk
50 Trailing PE
20 Predicted Trailing PE
0.000 0.100 0.200 40 0.300
10

Trailing PE
Growth rate 30
0
20
0.1 0.2 0.3 0.4 0.5 0.6 0.7
10
Upper 95.0% 0 Risk
0 20 40 60 80 100 120
Sample Percentile
ot

100 120
 ROE:Y DPS:Y
Name Price ROE
Axis Bank Ltd 506.35 0.7559909821 0.00755991 0
Lupin Ltd 889.75 1.8560550213 0.01856055 7.5
Bharti Airtel Ltd 375.7 1.6044880152 0.01604488 1
Bajaj Finserv Ltd 5984 20.455282211 0.204552822 4
Titan Co Ltd 875.2 24.244979858 0.242449799 3.75
Hindustan Unilever Ltd 1618.25 74.35294342 0.743529434 20
Sun Pharmaceutical Industries Ltd 575.8 5.7841668129 0.057841668 3.5
Asian Paints Ltd 1268.8 25.46415329 0.254641533 10.3
Bajaj Finance Ltd 2336.45 20.455282211 0.204552822 4
UltraTech Cement Ltd 3785.95 8.7533445358 0.087533445 10
IndusInd Bank Ltd 1969.5 14.958450317 0.149584503 6
Kotak Mahindra Bank Ltd 1324.55 13.937755585 0.139377556 0.7
Eicher Motors Ltd 28540.1992 31.671075821 0.316710758 110
Dr Reddy's Laboratories Ltd 2283.05 7.8290171623 0.078290172 20
Zee Entertainment Enterprises Ltd 543 20.756238937 0.207562389 2.9
Maruti Suzuki India Ltd 8933.7002 19.790416718 0.197904167 75
Cipla Ltd/India 594.8 8.3720579147 0.083720579 2
HDFC Bank Ltd 2115.05 18.381986618 0.183819866 13
ITC Ltd 262.5 22.787815094 0.227878151 4.75
Tata Consultancy Services Ltd 1860 29.421951294 0.294219513 25
Grasim Industries Ltd 1025.1 10.770176888 0.107701769 5.5
Larsen & Toubro Ltd 1237.35 12.799638748 0.127996387 16
Coal India Ltd 266.9 31.642145157 0.316421452 16.5
ICICI Bank Ltd 280.4 7.1654090881 0.071654091 2.272727
Bharti Infratel Ltd 298.85 15.363004684 0.153630047 14
Adani Ports & Special Economic Zone Ltd 360 19.119033813 0.191190338 1.3
Housing Development Finance Corp Ltd 1901.3 22.175825119 0.221758251 18
Bajaj Auto Ltd 2775.5 22.379875183 0.223798752 60
Hero MotoCorp Ltd 3538.2 33.386325836 0.333863258 95
Infosys Ltd 1271.75 23.940853119 0.239408531 33.5
Yes Bank Ltd 334.3 17.71513176 0.177151318 2.7
Tech Mahindra Ltd 709.8 18.131307602 0.181313076 9
UPL Ltd 621.9 24.532880783 0.245328808 7
Reliance Industries Ltd 966.9 12.94832325 0.129483232 6
GAIL India Ltd 333.2 11.851976395 0.118519764 1.44
Wipro Ltd 256.35 15.964474678 0.159644747 1
HCL Technologies Ltd 919.3 25.359037399 0.253590374 13.95399
Indiabulls Housing Finance Ltd 1185.4 30.121192932 0.301211929 28
Mahindra & Mahindra Ltd 896.45 22.583162308 0.225831623 6.5
Power Grid Corp of India Ltd 187.2 15.721916199 0.157219162 2.8
NTPC Ltd 153.7 10.470578194 0.104705782 2.39
Tata Motors Ltd 273 11.712713242 0.117127132 0
Oil & Natural Gas Corp Ltd 156.05 9.7841148376 0.097841148 9.075
Bharat Petroleum Corp Ltd 386.4 26.716650009 0.2671665 21.66667
Vedanta Ltd 229.85 10.5457201 0.105457201 21.2
Hindalco Industries Ltd 218.6 12.056060791 0.120560608 1.2
Indian Oil Corp Ltd 156.7 20.953241348 0.209532413 2
Hindustan Petroleum Corp Ltd 277.45 30.977170944 0.309771709 20
Tata Steel Ltd 543.3 27.225328445 0.272253284 9.424103
State Bank of India 262.5 -2.036267042 -0.02036267 0
EPS:Y
Growth Rate Beta Actual P/E Predicted P/E Difference in value
1.86 0.76% 1.34 272.2311807 62.03014712 210.2010335822 Overvalued
5.55762 -0.65% 0.59 160.09550711 56.020466611 104.0750405003 Overvalued
2.75 1.02% 0.78 136.61818182 25.82107351 110.7971083077 Overvalued
47.54 18.73% 0.95 125.87294667 30.13567831 95.7372683617 Overvalued
12.73 17.10% 0.85 68.750984405 41.535974312 27.2150100931 Overvalued
24.09 12.62% 0.6 67.175175996 54.173225986 13.0019500098 Overvalued
9 3.53% 0.67 63.977777778 38.038045463 25.9397323147 Overvalued
21.26 13.13% 0.75 59.680149875 20.912357103 38.7677927716 Overvalued
47.54 18.73% 1.22 49.14703313 39.296859912 9.850173218 Overvalued
80.94 7.67% 1.14 46.774770025 31.003316772 15.7714532531 Overvalued
48.06 13.09% 1.14 40.980023798 34.527309017 6.4527147811 Overvalued
32.7 13.64% 0.9 40.506115263 11.620742001 28.8853732623 Overvalued
718.8812 26.82% 1.05 39.700858233 53.471907675 -13.7710494421 Undervalued
59.13 5.18% 0.57 38.610687616 32.708054232 5.9026333846 Overvalued
15.4 16.85% 0.73 35.259741133 32.18310003 3.076641103 Overvalued
260.93 14.10% 0.99 34.237919943 47.504697051 -13.266777108 Undervalued
17.53 7.42% 0.71 33.930403691 35.276542652 -1.3461389612 Undervalued
71.73 15.05% 0.74 29.486266569 42.960920877 -13.4746543081 Undervalued
9.26 11.10% 0.65 28.347731481 36.241218253 -7.8934867721 Undervalued
67.095 18.46% 0.4 27.721886372 38.961760943 -11.2398745708 Undervalued
40.74506 9.32% 1.02 25.158880532 33.951259915 -8.792379383 Undervalued
52.62 8.91% 1.33 23.514823738 76.714462847 -53.1996391089 Undervalued
11.31 -14.52% 0.95 23.598584447 35.964104334 -12.3655198873 Undervalued
12.02 5.81% 1.48 23.327786133 63.020708699 -39.692922566 Undervalued
13.488 -0.58% 0.53 22.156732048 13.922783567 8.2339484804 Overvalued
17.74 17.72% 1.69 20.293123148 27.005119332 -6.7119961842 Undervalued
100.35 18.20% 0.93 18.946686885 36.336432324 -17.3897454387 Undervalued
145.8 13.17% 0.84 19.036350768 30.542923054 -11.5065722863 Undervalued
186.3 16.36% 0.89 18.991948159 46.395257536 -27.4033093767 Undervalued
71.07 12.66% 0.33 17.894329611 18.437977303 -0.5436476915 Undervalued
18.46 15.12% 1.66 18.109426684 42.184523367 -24.0750966832 Undervalued
43.02 14.34% 0.42 16.499302474 20.48491343 -3.985610956 Undervalued
39.64706 20.20% 1.12 15.685904423 35.899787969 -20.2138835462 Undervalued
60.94 11.67% 0.99 15.86642635 34.854164557 -18.9877382068 Undervalued
21.28 11.05% 1.1 15.657894232 43.144531041 -27.4866368094 Undervalued
16.86 15.02% 0.31 15.204625784 36.698858031 -21.494232247 Undervalued
62.5791 19.70% 0.27 14.690208601 15.928196128 -1.237987527 Undervalued
90.51 20.80% 1.32 13.096895062 26.449382084 -13.3524870223 Undervalued
69.2 20.46% 0.77 12.95448034 36.366558224 -23.4120778839 Undervalued
15.67078 12.91% 0.86 11.945798897 42.371369342 -30.4255704453 Undervalued
12.79 8.51% 0.9 12.017200974 30.021981337 -18.004780363 Undervalued
26.46 11.71% 1.31 10.317460674 42.132912755 -31.815452081 Undervalued
17.23 4.63% 1.24 9.0568777798 28.038669069 -18.9817912888 Undervalued
 45.8 14.08% 1.22 8.4366813632 35.535338981 -27.0986576181 Undervalued
28.3 2.65% 1.77 8.1219083462 25.580630918 -17.4587225716 Undervalued
27.3 11.53% 1.57 8.0073262311 24.619183554 -16.6118573228 Undervalued
23.41 19.16% 0.98 6.6937206758 19.646267863 -12.9525471873 Undervalued
47.37 17.90% 1.36 5.8570826738 7.5278249987 -1.6707423249 Undervalued
128.12 25.22% 1.41 4.2405558906 44.88248146 -40.6419255698 Undervalued
-5.34 -2.04% 1.65 -49.15730197 71.76382944 -120.9211314061 Undervalued
SUMMARY OUTPUT

Regression Statistics Growth Ra

Multiple R 0.278539 3
R Square 0.077584 2

Residuals
Adjusted R 0.038332 1
Standard E 47.36399
Observatio 50 -20.00% -10.00%-1
-2
ANOVA
df SS MS F Significance F
Regression 2 8868.299 4434.15 1.976577 0.149892
Residual 47 105437.3 2243.348
Total 49 114305.6

Coefficients
Standard Error t Stat
Intercept 71.76383 21.77706 3.295386
Growth Ra -153.043 87.80257 -1.74304
Beta -18.1804 17.88477 -1.01653
P-value Lower 95%Upper 95%
Lower 95.0%
Upper 95.0%
0.001875 27.95403 115.5736 27.95403 115.5736
0.087867 -329.679 23.59302 -329.679 23.59302
0.314581 -54.1599 17.79908 -54.1599 17.79908

RESIDUAL OUTPUT PROBABILITY OUTPUT

Observation
Predicted ActualResiduals
P/E Standard Residuals Percentile Actual P/E
1 46.24506 225.9861 4.871723 1 -49.1573
2 62.03015 98.06536 2.114056 3 4.240556
3 56.02047 80.59772 1.737495 5 5.857083
4 25.82107 100.0519 2.15688 7 6.693721
5 30.13568 38.61531 0.832454 9 8.007326
6 41.53597 25.6392 0.55272 11 8.121908
7 54.17323 9.804552 0.211363 13 8.436681
8 38.03805 21.6421 0.466552 15 9.056878
9 20.91236 28.23468 0.608672 17 10.31746
10 39.29686 7.47791 0.161206 19 11.9458
11 31.00332 9.976707 0.215074 21 12.0172
12 34.52731 5.978806 0.128889 23 12.95448
13 11.62074 28.08012 0.60534 25 13.0969
14 53.47191 -14.8612 -0.32037 27 14.69021
15 32.70805 2.551687 0.055008 29 15.20463
16 32.1831 2.05482 0.044297 31 15.65789
17 47.5047 -13.5743 -0.29263 33 15.6859
18 35.27654 -5.79028 -0.12482 35 15.86643
19 42.96092 -14.6132 -0.31503 37 16.4993
20 36.24122 -8.51933 -0.18366 39 17.89433
21 38.96176 -13.8029 -0.29756 41 18.10943
22 33.95126 -10.4364 -0.22498 43 18.94669
23 76.71446 -53.1159 -1.14505 45 18.99195
24 35.9641 -12.6363 -0.27241 47 19.03635
25 63.02071 -40.864 -0.88093 49 20.29312
26 13.92278 6.37034 0.137329 51 22.15673
27 27.00512 -8.05843 -0.17372 53 23.32779
28 36.33643 -17.3001 -0.37295 55 23.51482
29 30.54292 -11.551 -0.24901 57 23.59858
30 46.39526 -28.5009 -0.61441 59 25.15888
31 18.43798 -0.32855 -0.00708 61 27.72189
32 42.18452 -25.6852 -0.55371 63 28.34773
33 20.48491 -4.79901 -0.10346 65 29.48627
34 35.89979 -20.0334 -0.43187 67 33.9304
35 34.85416 -19.1963 -0.41383 69 34.23792
36 43.14453 -27.9399 -0.60232 71 35.25974
37 36.69886 -22.0086 -0.47445 73 38.61069
38 15.9282 -2.8313 -0.06104 75 39.70086
39 26.44938 -13.4949 -0.29092 77 40.50612
40 36.36656 -24.4208 -0.52645 79 40.98002
41 42.37137 -30.3542 -0.65436 81 46.77477
42 30.02198 -19.7045 -0.42478 83 49.14703
43 42.13291 -33.076 -0.71304 85 59.68015
44 28.03867 -19.602 -0.42257 87 63.97778
45 35.53534 -27.4134 -0.59097 89 67.17518
46 25.58063 -17.5733 -0.37884 91 68.75098
47 24.61918 -17.9255 -0.38643 93 125.8729
48 19.64627 -13.7892 -0.29726 95 136.6182
49 7.527825 -3.28727 -0.07087 97 160.0955
50 44.88248 -94.0398 -2.02727 99 272.2312
 Growth Rate Residual Plot
300
200 Beta Residual Plot
Residuals

300 100
200 0 Growth Rate Line Fit Plot
Residuals

-20.00% -10.00%
100 0.00%
-100 10.00% 20.00% 30.00%
300
0 -200
200
Beta Line Fit Plot
Actual P/E

-100 0 0.2Growth
0.4 Rate
0.6 0.8 1 1.2 1.4 1.6 Actual
300
1.8 P/E
2
-200 100
200
Normal Probability Plot
Predicted Actual P/E
Actual P/E

0 Beta 300 Actual P/E

-20.00% 0.00%100 20.00% 40.00% Predicted Actual P/E
-100
200
Actual P/E

0
Growth Rate
0 0.5
100 1 1.5 2
-100
0Beta
0 20 40 60 80 100 120
-100
Sample Percentile