OTC: NJDCY - Nidec Corporation

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 = 109.11
CAGR EPS = 241.21%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 4.79 + (4.79 * 241.21% / 100) = 16.36

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) = 572.48
Ebitda Yield = 0.0994
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 = 21.87
Debt = 186.08
Market Cap = 29.27
Weight Debt = Market Cap / (Market Cap + Debt) = 29.27 / (29.27 + 186.08) = 0.1359
Weight Cost Debt = 100% - 0.1359 = 0.8641
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 = -0.6501
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -0.6501 * 5.94 + 0 = -0.0111
WACC = (21.87 / 186.08) * (100% - 0.1359) * (1 - 0.21) + -0.0111 + 0.1359 = 9.27
Terminal Value = Discount (572.48 * (1 + 0.0994) / (9.27 - 0.0994)) = 59926.78
Company Value = ∑ (572.48 / (1 + 9.27) ^ 5) = 1815.14
Price = (Terminal Value + Company Value) / Count shares = (59926.78 + 1815.14) / 575550000 = 107274.63

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) = 1071.25
FCF Yield = 0.4088
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 = 21.87
Debt = 186.08
Market Cap = 29.27
Weight Debt = Market Cap / (Market Cap + Debt) = 29.27 / (29.27 + 186.08) = 0.1359
Weight Cost Debt = 100% - 0.1359 = 0.8641
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 = -0.6501
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -0.6501 * 5.94 + 0 = -0.0111
WACC = (21.87 / 186.08) * (100% - 0.1359) * (1 - 0.21) + -0.0111 + 0.1359 = 9.27
Terminal Value = Discount (1071.25 * (1 + 0.4088) / (9.27 - 0.4088)) = 3064.99
Company Value = ∑ (1071.25 / (1 + 9.27) ^ 5) = 2204.6
Price = (Terminal Value + Company Value) / Count shares = (3064.99 + 2204.6) / 575550000 = 9155.74