TSE: 7695 - Koukandekirukun, 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 = 99.58
CAGR EPS = 9.07%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 99.58 * (1 + 9.07%) / (0.0433 * 2) = 1254.19

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) = 0.6376
Ebitda Yield = 0.116
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 = 0.0014
Debt = 0.5734
Market Cap = 7.46
Weight Debt = Market Cap / (Market Cap + Debt) = 7.46 / (7.46 + 0.5734) = 0.9286
Weight Cost Debt = 100% - 0.9286 = 0.0714
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) = 3
β = -1.15
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -1.15 * 5.94 + 0 = -0.0381
WACC = (0.0014 / 0.5734) * (100% - 0.9286) * (1 - 0.21) + -0.0381 + 0.9286 = 0.1577
Terminal Value = Discount (0.6376 * (1 + 0.116) / (0.1577 - 0.116)) = 6.17
Company Value = ∑ (0.6376 / (1 + 0.1577) ^ 5) = 2.58
Price = (Terminal Value + Company Value) / Count shares = (6.17 + 2.58) / 2310000 = 3787.26

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) = 0.000484
FCF Yield = -1.43
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 = 0.0014
Debt = 0.5734
Market Cap = 7.46
Weight Debt = Market Cap / (Market Cap + Debt) = 7.46 / (7.46 + 0.5734) = 0.9286
Weight Cost Debt = 100% - 0.9286 = 0.0714
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) = 3
β = -1.15
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -1.15 * 5.94 + 0 = -0.0381
WACC = (0.0014 / 0.5734) * (100% - 0.9286) * (1 - 0.21) + -0.0381 + 0.9286 = 0.1577
Terminal Value = Discount (0.000484 * (1 + -1.43) / (0.1577 - -1.43)) = -0.000143
Company Value = ∑ (0.000484 / (1 + 0.1577) ^ 5) = 0.0105
Price = (Terminal Value + Company Value) / Count shares = (-0.000143 + 0.0105) / 2310000 = 4.47