OTC: SFTBY - SoftBank Group Corp.

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 = -155.39
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 27.81 + (27.81 * 8.66% / 100) = 30.21

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) = 16473.57
Ebitda Yield = 0.6209
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 = 556
Debt = 21362.03
Market Cap = 65.3
Weight Debt = Market Cap / (Market Cap + Debt) = 65.3 / (65.3 + 21362.03) = 0.003
Weight Cost Debt = 100% - 0.003 = 0.997
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 = 0.5286
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0.5286 * 5.94 + 0 = 0.0596
WACC = (556 / 21362.03) * (100% - 0.003) * (1 - 0.21) + 0.0596 + 0.003 = 2.06
Terminal Value = Discount (16473.57 * (1 + 0.6209) / (2.06 - 0.6209)) = 40175.26
Company Value = ∑ (16473.57 / (1 + 2.06) ^ 5) = 36199.65
Price = (Terminal Value + Company Value) / Count shares = (40175.26 + 36199.65) / 1464960000 = 52134.47

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 FCF(5) * (1 + FCF Yield) / (WACC - FCF Yield)
Company Value = ∑ (Discount FCF / (1 + WACC) ^ 5)
Discount FCF(5) = -974.37
FCF Yield = 0.2123
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 = 556
Debt = 21362.03
Market Cap = 65.3
Weight Debt = Market Cap / (Market Cap + Debt) = 65.3 / (65.3 + 21362.03) = 0.003
Weight Cost Debt = 100% - 0.003 = 0.997
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 = 0.5286
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0.5286 * 5.94 + 0 = 0.0596
WACC = (556 / 21362.03) * (100% - 0.003) * (1 - 0.21) + 0.0596 + 0.003 = 2.06
Terminal Value = Discount (-974.37 * (1 + 0.2123) / (2.06 - 0.2123)) = -5563.79
Company Value = ∑ (-974.37 / (1 + 2.06) ^ 5) = -3211.64
Price = (Terminal Value + Company Value) / Count shares = (-5563.79 + -3211.64) / 1464960000 = -5990.22