OTC: ISUZY - Isuzu Motors 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 = 229.92
CAGR EPS = 195.56%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 12.82 + (12.82 * 195.56% / 100) = 37.88

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) = 654.6
Ebitda Yield = 0.0966
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 = 4.19
Debt = 556.82
Market Cap = 9.17
Weight Debt = Market Cap / (Market Cap + Debt) = 9.17 / (9.17 + 556.82) = 0.0162
Weight Cost Debt = 100% - 0.0162 = 0.9838
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) = 2.75
β = -1.12
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -1.12 * 5.94 + 0 = -0.039
WACC = (4.19 / 556.82) * (100% - 0.0162) * (1 - 0.21) + -0.039 + 0.0162 = 0.593
Terminal Value = Discount (654.6 * (1 + 0.0966) / (0.593 - 0.0966)) = 7686.21
Company Value = ∑ (654.6 / (1 + 0.593) ^ 5) = 2693.86
Price = (Terminal Value + Company Value) / Count shares = (7686.21 + 2693.86) / 775180000 = 13390.53

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) = 669.62
FCF Yield = 0.3731
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 = 4.19
Debt = 556.82
Market Cap = 9.17
Weight Debt = Market Cap / (Market Cap + Debt) = 9.17 / (9.17 + 556.82) = 0.0162
Weight Cost Debt = 100% - 0.0162 = 0.9838
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) = 2.75
β = -1.12
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -1.12 * 5.94 + 0 = -0.039
WACC = (4.19 / 556.82) * (100% - 0.0162) * (1 - 0.21) + -0.039 + 0.0162 = 0.593
Terminal Value = Discount (669.62 * (1 + 0.3731) / (0.593 - 0.3731)) = 2431.21
Company Value = ∑ (669.62 / (1 + 0.593) ^ 5) = 1918.17
Price = (Terminal Value + Company Value) / Count shares = (2431.21 + 1918.17) / 775180000 = 5610.8