TSE: 4074 - LaKeel, Inc.

Price = EPS * (1 + CAGR EPS) / (Key Rate * Excess Key Rate)
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 = 68.56
CAGR EPS = -47.19%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 68.56 * (1 + -47.19%) / (0.0458 * 2) = 395.25

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) = 0.0762
Ebitda Yield = -0.4172
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 = 0.0064
Debt = 1.12
Market Cap = 18.54
Weight Debt = Market Cap / (Market Cap + Debt) = 18.54 / (18.54 + 1.12) = 0.9429
Weight Cost Debt = 100% - 0.9429 = 0.0571
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 = -1.15
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -1.15 * 5.94 + 0 = -0.0411
WACC = (0.0064 / 1.12) * (100% - 0.9429) * (1 - 0.21) + -0.0411 + 0.9429 = 0.406
Terminal Value = Discount (0.0762 * (1 + -0.4172) / (0.406 - -0.4172)) = 0.1033
Company Value = ∑ (0.0762 / (1 + 0.406) ^ 5) = 1.47
Price = (Terminal Value + Company Value) / Count shares = (0.1033 + 1.47) / 7870000 = 199.29

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) = 0.293
FCF Yield = 0.1202
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 = 0.0064
Debt = 1.12
Market Cap = 18.54
Weight Debt = Market Cap / (Market Cap + Debt) = 18.54 / (18.54 + 1.12) = 0.9429
Weight Cost Debt = 100% - 0.9429 = 0.0571
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 = -1.15
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -1.15 * 5.94 + 0 = -0.0411
WACC = (0.0064 / 1.12) * (100% - 0.9429) * (1 - 0.21) + -0.0411 + 0.9429 = 0.406
Terminal Value = Discount (0.293 * (1 + 0.1202) / (0.406 - 0.1202)) = 2.77
Company Value = ∑ (0.293 / (1 + 0.406) ^ 5) = 1.17
Price = (Terminal Value + Company Value) / Count shares = (2.77 + 1.17) / 7870000 = 500.18