OTC: SSMXY - Sysmex 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 = 79.24
CAGR EPS = 122.71%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 18.84 + (18.84 * 122.71% / 100) = 41.97

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) = 151.31
Ebitda Yield = 0.0604
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 = 2.39
Debt = 55.34
Market Cap = 10.73
Weight Debt = Market Cap / (Market Cap + Debt) = 10.73 / (10.73 + 55.34) = 0.1624
Weight Cost Debt = 100% - 0.1624 = 0.8376
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 = 0.6863
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0.6863 * 5.94 + 0 = 0.0683
WACC = (2.39 / 55.34) * (100% - 0.1624) * (1 - 0.21) + 0.0683 + 0.1624 = 3.41
Terminal Value = Discount (151.31 * (1 + 0.0604) / (3.41 - 0.0604)) = 5168.48
Company Value = ∑ (151.31 / (1 + 3.41) ^ 5) = 608.83
Price = (Terminal Value + Company Value) / Count shares = (5168.48 + 608.83) / 627960000 = 9200.12

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) = 7.24
FCF Yield = -0.1087
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 = 2.39
Debt = 55.34
Market Cap = 10.73
Weight Debt = Market Cap / (Market Cap + Debt) = 10.73 / (10.73 + 55.34) = 0.1624
Weight Cost Debt = 100% - 0.1624 = 0.8376
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 = 0.6863
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0.6863 * 5.94 + 0 = 0.0683
WACC = (2.39 / 55.34) * (100% - 0.1624) * (1 - 0.21) + 0.0683 + 0.1624 = 3.41
Terminal Value = Discount (7.24 * (1 + -0.1087) / (3.41 - -0.1087)) = 38.23
Company Value = ∑ (7.24 / (1 + 3.41) ^ 5) = 42.13
Price = (Terminal Value + Company Value) / Count shares = (38.23 + 42.13) / 627960000 = 127.98