OTC: NCBDY - BANDAI NAMCO Holdings 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 = 153.85
CAGR EPS = 132.44%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 13.11 + (13.11 * 132.44% / 100) = 30.47

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) = 303.94
Ebitda Yield = 0.1009
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 = 0.31
Debt = 12.36
Market Cap = 15.52
Weight Debt = Market Cap / (Market Cap + Debt) = 15.52 / (15.52 + 12.36) = 0.5566
Weight Cost Debt = 100% - 0.5566 = 0.4434
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 = -7.45
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + -7.45 * 5.94 + 0 = -0.4142
WACC = (0.31 / 12.36) * (100% - 0.5566) * (1 - 0.21) + -0.4142 + 0.5566 = 1.74
Terminal Value = Discount (303.94 * (1 + 0.1009) / (1.74 - 0.1009)) = 3677.73
Company Value = ∑ (303.94 / (1 + 1.74) ^ 5) = 1198.19
Price = (Terminal Value + Company Value) / Count shares = (3677.73 + 1198.19) / 659680000 = 7391.35

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) = 118.87
FCF Yield = 0.171
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 = 0.31
Debt = 12.36
Market Cap = 15.52
Weight Debt = Market Cap / (Market Cap + Debt) = 15.52 / (15.52 + 12.36) = 0.5566
Weight Cost Debt = 100% - 0.5566 = 0.4434
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 = -7.45
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + -7.45 * 5.94 + 0 = -0.4142
WACC = (0.31 / 12.36) * (100% - 0.5566) * (1 - 0.21) + -0.4142 + 0.5566 = 1.74
Terminal Value = Discount (118.87 * (1 + 0.171) / (1.74 - 0.171)) = 831.54
Company Value = ∑ (118.87 / (1 + 1.74) ^ 5) = 419.8
Price = (Terminal Value + Company Value) / Count shares = (831.54 + 419.8) / 659680000 = 1896.89