OTC: CHLLF - China Literature Limited

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 = 0.7905
CAGR EPS = 56.66%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 3.33 + (3.33 * 56.66% / 100) = 5.22

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) = 1.07
Ebitda Yield = -0.0377
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 = 0.0197
Debt = 0.2381
Market Cap = 4.1
Weight Debt = Market Cap / (Market Cap + Debt) = 4.1 / (4.1 + 0.2381) = 0.9451
Weight Cost Debt = 100% - 0.9451 = 0.0549
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 = -0.0313
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + -0.0313 * 5.94 + 0 = 0.0241
WACC = (0.0197 / 0.2381) * (100% - 0.9451) * (1 - 0.21) + 0.0241 + 0.9451 = 6.48
Terminal Value = Discount (1.07 * (1 + -0.0377) / (6.48 - -0.0377)) = 7.34
Company Value = ∑ (1.07 / (1 + 6.48) ^ 5) = 4.84
Price = (Terminal Value + Company Value) / Count shares = (7.34 + 4.84) / 1018210000 = 11.97

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) = 1.46
FCF Yield = 0.0881
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 = 0.0197
Debt = 0.2381
Market Cap = 4.1
Weight Debt = Market Cap / (Market Cap + Debt) = 4.1 / (4.1 + 0.2381) = 0.9451
Weight Cost Debt = 100% - 0.9451 = 0.0549
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 = -0.0313
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + -0.0313 * 5.94 + 0 = 0.0241
WACC = (0.0197 / 0.2381) * (100% - 0.9451) * (1 - 0.21) + 0.0241 + 0.9451 = 6.48
Terminal Value = Discount (1.46 * (1 + 0.0881) / (6.48 - 0.0881)) = 49.72
Company Value = ∑ (1.46 / (1 + 6.48) ^ 5) = 5.09
Price = (Terminal Value + Company Value) / Count shares = (49.72 + 5.09) / 1018210000 = 53.83