NASDAQ: FLIC - The First of Long Island Corporation

Price = Avg Price + (Avg Price * CAGR EPS% / 100)
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 = 1.16
CAGR EPS = 9.16%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 11.72 + (11.72 * 9.16% / 100) = 12.79

Price = (DPS * (1 + g)) / (Cost Of Equity - g)
Price - 价格公道
DPS — 当期股息
g — 预期增长率
DPS = 1.05
g = -0.1211
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) = 2.6
β = 4.24
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 4.24 * 5.94 + 0 = 0.2778
Price = (1.05 * (1 + -0.1211)) / (0.2778 - -0.1211) = 2.31

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) = 0.001
Ebitda Yield = -0.2925
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 = 0.0172
Debt = 0.9335
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.9335) = 0
Weight Cost Debt = 100% - 0 = 1
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) = 2.6
β = 4.24
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 4.24 * 5.94 + 0 = 0.2778
WACC = (0.0172 / 0.9335) * (100% - 0) * (1 - 0.21) + 0.2778 + 0 = 1.45
Terminal Value = Discount (0.001 * (1 + -0.2925) / (1.45 - -0.2925)) = 0.0022
Company Value = ∑ (0.001 / (1 + 1.45) ^ 5) = 0.0111
Price = (Terminal Value + Company Value) / Count shares = (0.0022 + 0.0111) / 22630000 = 0.5856

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) = 0.0204
FCF Yield = -0.0713
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 = 0.0172
Debt = 0.9335
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.9335) = 0
Weight Cost Debt = 100% - 0 = 1
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) = 2.6
β = 4.24
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 4.24 * 5.94 + 0 = 0.2778
WACC = (0.0172 / 0.9335) * (100% - 0) * (1 - 0.21) + 0.2778 + 0 = 1.45
Terminal Value = Discount (0.0204 * (1 + -0.0713) / (1.45 - -0.0713)) = 0.2055
Company Value = ∑ (0.0204 / (1 + 1.45) ^ 5) = 0.1142
Price = (Terminal Value + Company Value) / Count shares = (0.2055 + 0.1142) / 22630000 = 14.13