OTC: SIOPF - Shimao Group Holdings 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 = -0.7855
CAGR EPS = 9.16%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 0.086 + (0.086 * 9.16% / 100) = 0.0939

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) = 0.000299
Ebitda Yield = -1.26
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 = 6.42
Debt = 92.67
Market Cap = 0.3344
Weight Debt = Market Cap / (Market Cap + Debt) = 0.3344 / (0.3344 + 92.67) = 0.0036
Weight Cost Debt = 100% - 0.0036 = 0.9964
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
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0 * 5.94 + 0 = 0.0275
WACC = (6.42 / 92.67) * (100% - 0.0036) * (1 - 0.21) + 0.0275 + 0.0036 = 5.47
Terminal Value = Discount (0.000299 * (1 + -1.26) / (5.47 - -1.26)) = -4.5E-5
Company Value = ∑ (0.000299 / (1 + 5.47) ^ 5) = 0.0499
Price = (Terminal Value + Company Value) / Count shares = (-4.5E-5 + 0.0499) / 3787590000 = 0.0132

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) = 0.0104
FCF Yield = -1.4
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 = 6.42
Debt = 92.67
Market Cap = 0.3344
Weight Debt = Market Cap / (Market Cap + Debt) = 0.3344 / (0.3344 + 92.67) = 0.0036
Weight Cost Debt = 100% - 0.0036 = 0.9964
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
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0 * 5.94 + 0 = 0.0275
WACC = (6.42 / 92.67) * (100% - 0.0036) * (1 - 0.21) + 0.0275 + 0.0036 = 5.47
Terminal Value = Discount (0.0104 * (1 + -1.4) / (5.47 - -1.4)) = -0.0022
Company Value = ∑ (0.0104 / (1 + 5.47) ^ 5) = 0.2815
Price = (Terminal Value + Company Value) / Count shares = (-0.0022 + 0.2815) / 3787590000 = 0.0738