TSE: 4575 - CanBas Co., Ltd.

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 = -10162.98
CAGR EPS = 162.58%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 926.5 + (926.5 * 162.58% / 100) = 2432.84

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) = -30078.53
Ebitda Yield = 1.76
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 = 0.1696
Debt = 0
Market Cap = 22.03
Weight Debt = Market Cap / (Market Cap + Debt) = 22.03 / (22.03 + 0) = 0
Weight Cost Debt = 100% - 0 = 1
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 = 8.78
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 8.78 * 5.94 + 0 = 0.549
WACC = (0.1696 / 0) * (100% - 0) * (1 - 0.21) + 0.549 + 0 = 0
Terminal Value = Discount (-30078.53 * (1 + 1.76) / (0 - 1.76)) = -47199.75
Company Value = ∑ (-30078.53 / (1 + 0) ^ 5) = -46903.33
Price = (Terminal Value + Company Value) / Count shares = (-47199.75 + -46903.33) / 16400000 = -5737992.5

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) = -31620.76
FCF Yield = 1.78
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 = 0.1696
Debt = 0
Market Cap = 22.03
Weight Debt = Market Cap / (Market Cap + Debt) = 22.03 / (22.03 + 0) = 0
Weight Cost Debt = 100% - 0 = 1
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 = 8.78
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 8.78 * 5.94 + 0 = 0.549
WACC = (0.1696 / 0) * (100% - 0) * (1 - 0.21) + 0.549 + 0 = 0
Terminal Value = Discount (-31620.76 * (1 + 1.78) / (0 - 1.78)) = -49419.38
Company Value = ∑ (-31620.76 / (1 + 0) ^ 5) = -49119.92
Price = (Terminal Value + Company Value) / Count shares = (-49419.38 + -49119.92) / 16400000 = -6008494.02