NYSE: CCRD - CoreCard Corporation

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 = 0.4006
CAGR EPS = -19.97%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0.4006 * (1 + -19.97%) / (0.0433 * 2) = 3.7

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) = 0.0101
Ebitda Yield = -0.0282
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 = 0.0021
Debt = 0.0011
Market Cap = 0.1861
Weight Debt = Market Cap / (Market Cap + Debt) = 0.1861 / (0.1861 + 0.0011) = 0.994
Weight Cost Debt = 100% - 0.994 = 0.006
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) = 3
β = -2.9
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -2.9 * 5.94 + 0 = -0.142
WACC = (0.0021 / 0.0011) * (100% - 0.994) * (1 - 0.21) + -0.142 + 0.994 = 146.38
Terminal Value = Discount (0.0101 * (1 + -0.0282) / (146.38 - -0.0282)) = 7.3E-5
Company Value = ∑ (0.0101 / (1 + 146.38) ^ 5) = 0.0075
Price = (Terminal Value + Company Value) / Count shares = (7.3E-5 + 0.0075) / 8470000 = 0.8997

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) = 0.0141
FCF Yield = 0.0411
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 = 0.0021
Debt = 0.0011
Market Cap = 0.1861
Weight Debt = Market Cap / (Market Cap + Debt) = 0.1861 / (0.1861 + 0.0011) = 0.994
Weight Cost Debt = 100% - 0.994 = 0.006
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) = 3
β = -2.9
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -2.9 * 5.94 + 0 = -0.142
WACC = (0.0021 / 0.0011) * (100% - 0.994) * (1 - 0.21) + -0.142 + 0.994 = 146.38
Terminal Value = Discount (0.0141 * (1 + 0.0411) / (146.38 - 0.0411)) = 0.000114
Company Value = ∑ (0.0141 / (1 + 146.38) ^ 5) = 0.0083
Price = (Terminal Value + Company Value) / Count shares = (0.000114 + 0.0083) / 8470000 = 0.9992