OTC: MAKOF - Mako Mining Corp.

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 = 0.1037
CAGR EPS = 34.67%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0.1037 * (1 + 34.67%) / (0.0433 * 2) = 1.61

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) = 0.1878
Ebitda Yield = 0.7086
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 = 0.000937
Debt = 0
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0) = 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) = 3
β = -1.53
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -1.53 * 5.94 + 0 = -0.061
WACC = (0.000937 / 0) * (100% - 0) * (1 - 0.21) + -0.061 + 0 = 0
Terminal Value = Discount (0.1878 * (1 + 0.7086) / (0 - 0.7086)) = 0.4528
Company Value = ∑ (0.1878 / (1 + 0) ^ 5) = 0.4217
Price = (Terminal Value + Company Value) / Count shares = (0.4528 + 0.4217) / 65550000 = 13.34

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) = 0.0194
FCF Yield = 0.2032
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 = 0.000937
Debt = 0
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0) = 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) = 3
β = -1.53
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -1.53 * 5.94 + 0 = -0.061
WACC = (0.000937 / 0) * (100% - 0) * (1 - 0.21) + -0.061 + 0 = 0
Terminal Value = Discount (0.0194 * (1 + 0.2032) / (0 - 0.2032)) = 0.1151
Company Value = ∑ (0.0194 / (1 + 0) ^ 5) = 0.0694
Price = (Terminal Value + Company Value) / Count shares = (0.1151 + 0.0694) / 65550000 = 2.81