NASDAQ: DDI - DoubleDown Interactive Co., Ltd.

Price = EPS * (1 + CAGR EPS) / (Key Rate * Excess Key Rate)
EPS = Earning Per Share
CAGR EPS = CAGR 5 EPS
Key Rate — 关键利率
Excess Key Rate — 期望超出关键利率
EPS = 2.04
CAGR EPS = -57.35%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 2.04 * (1 + -57.35%) / (0.0433 * 2) = 10.03

Price = (Terminal Value + Company Value) / Count shares
Price - 价格公道
Terminal Value — 预测后期间的成本
Company Value — 预测期内的成本
Count shares - 股份数量
Terminal Value = Discount Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = 2.0E-5
Ebitda Yield = -0.5097
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - 偿债成本
Debt - 责任
Weight Debt - 相对于债务的资本权重
Weight Cost Debt - 债务权重相对于资本总额
Tax - 税
Interest Expense = 0.0018
Debt = 0.0464
Market Cap = 0.392
Weight Debt = Market Cap / (Market Cap + Debt) = 0.392 / (0.392 + 0.0464) = 0.8942
Weight Cost Debt = 100% - 0.8942 = 0.1058
Tax = 0.21
Cost Of Equity — 贴现率
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — 无风险回报率
β (beta) — 确定股票（资产）相对于市场的风险度量，并显示股票盈利能力变化相对于市场盈利能力变化的敏感性。
Risk Premium — 风险溢价——投资股票的风险溢价
Country Premium - 国家风险
k(f) = 2.89
β = -1.45
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -1.45 * 5.94 + 0 = -0.057
WACC = (0.0018 / 0.0464) * (100% - 0.8942) * (1 - 0.21) + -0.057 + 0.8942 = 2.98
Terminal Value = Discount (2.0E-5 * (1 + -0.5097) / (2.98 - -0.5097)) = 1.5E-5
Company Value = ∑ (2.0E-5 / (1 + 2.98) ^ 5) = 0.000613
Price = (Terminal Value + Company Value) / Count shares = (1.5E-5 + 0.000613) / 49550000 = 0.0127

Price = (Terminal Value + Company Value) / Count shares
Price - 价格公道
Terminal Value — 预测后期间的成本
Company Value — 预测期内的成本
Count shares - 股份数量
Terminal Value = Discount FCF(5) * (1 + FCF Yield) / (WACC - FCF Yield)
Company Value = ∑ (Discount FCF / (1 + WACC) ^ 5)
Discount FCF(5) = 0
FCF Yield = -0.5717
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - 偿债成本
Debt - 责任
Weight Debt - 相对于债务的资本权重
Weight Cost Debt - 债务权重相对于资本总额
Tax - 税
Interest Expense = 0.0018
Debt = 0.0464
Market Cap = 0.392
Weight Debt = Market Cap / (Market Cap + Debt) = 0.392 / (0.392 + 0.0464) = 0.8942
Weight Cost Debt = 100% - 0.8942 = 0.1058
Tax = 0.21
Cost Of Equity — 贴现率
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — 无风险回报率
β (beta) — 确定股票（资产）相对于市场的风险度量，并显示股票盈利能力变化相对于市场盈利能力变化的敏感性。
Risk Premium — 风险溢价——投资股票的风险溢价
Country Premium - 国家风险
k(f) = 2.89
β = -1.45
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -1.45 * 5.94 + 0 = -0.057
WACC = (0.0018 / 0.0464) * (100% - 0.8942) * (1 - 0.21) + -0.057 + 0.8942 = 2.98
Terminal Value = Discount (0 * (1 + -0.5717) / (2.98 - -0.5717)) = 0
Company Value = ∑ (0 / (1 + 2.98) ^ 5) = 0.000101
Price = (Terminal Value + Company Value) / Count shares = (0 + 0.000101) / 49550000 = 0.0021