OTC: FDVRF - Facedrive Inc.

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 = -0.255
CAGR EPS = 0.3968%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0.5526 + (0.5526 * 0.3968% / 100) = 0.5548

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) = -5.62
Ebitda Yield = 1.81
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
Debt = 0.0132
Market Cap = 0.0587
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0587 / (0.0587 + 0.0132) = 0.8164
Weight Cost Debt = 100% - 0.8164 = 0.1836
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) = 2.82
β = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0 * 5.94 + 0 = 0.0282
WACC = (0 / 0.0132) * (100% - 0.8164) * (1 - 0.21) + 0.0282 + 0.8164 = 0.023
Terminal Value = Discount (-5.62 * (1 + 1.81) / (0.023 - 1.81)) = -8.72
Company Value = ∑ (-5.62 / (1 + 0.023) ^ 5) = -8.67
Price = (Terminal Value + Company Value) / Count shares = (-8.72 + -8.67) / 91000000 = -191.19

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) = -19.64
FCF Yield = 2.93
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
Debt = 0.0132
Market Cap = 0.0587
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0587 / (0.0587 + 0.0132) = 0.8164
Weight Cost Debt = 100% - 0.8164 = 0.1836
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) = 2.82
β = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0 * 5.94 + 0 = 0.0282
WACC = (0 / 0.0132) * (100% - 0.8164) * (1 - 0.21) + 0.0282 + 0.8164 = 0.023
Terminal Value = Discount (-19.64 * (1 + 2.93) / (0.023 - 2.93)) = -26.31
Company Value = ∑ (-19.64 / (1 + 0.023) ^ 5) = -26.28
Price = (Terminal Value + Company Value) / Count shares = (-26.31 + -26.28) / 91000000 = -578