TSE: 7383 - Net Protections Holdings, Inc.

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 = -8.55
CAGR EPS = 5.58%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 315 + (315 * 5.58% / 100) = 332.58

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) = 1.33
Ebitda Yield = 0.0549
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 = 0.194
Debt = 8.51
Market Cap = 32.76
Weight Debt = Market Cap / (Market Cap + Debt) = 32.76 / (32.76 + 8.51) = 0.7939
Weight Cost Debt = 100% - 0.7939 = 0.2061
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 = 12.8
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 12.8 * 5.94 + 0 = 0.7878
WACC = (0.194 / 8.51) * (100% - 0.7939) * (1 - 0.21) + 0.7878 + 0.7939 = 2.41
Terminal Value = Discount (1.33 * (1 + 0.0549) / (2.41 - 0.0549)) = 40.56
Company Value = ∑ (1.33 / (1 + 2.41) ^ 5) = 5.58
Price = (Terminal Value + Company Value) / Count shares = (40.56 + 5.58) / 96580000 = 477.75

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) = 0.5304
FCF Yield = 0.2266
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 = 0.194
Debt = 8.51
Market Cap = 32.76
Weight Debt = Market Cap / (Market Cap + Debt) = 32.76 / (32.76 + 8.51) = 0.7939
Weight Cost Debt = 100% - 0.7939 = 0.2061
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 = 12.8
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 12.8 * 5.94 + 0 = 0.7878
WACC = (0.194 / 8.51) * (100% - 0.7939) * (1 - 0.21) + 0.7878 + 0.7939 = 2.41
Terminal Value = Discount (0.5304 * (1 + 0.2266) / (2.41 - 0.2266)) = 2.85
Company Value = ∑ (0.5304 / (1 + 2.41) ^ 5) = 1.69
Price = (Terminal Value + Company Value) / Count shares = (2.85 + 1.69) / 96580000 = 47.08