HKEX: 2376 - Lushang Life Services Co., Ltd.

Price = Avg Price + (Avg Price * CAGR EPS% / 100)
EPS = Earning Per Share
CAGR EPS = CAGR 5 EPS
Key Rate — Nøkkelrente
Excess Key Rate — Ønsket overskridelse av styringsrenten
EPS = 0.3261
CAGR EPS = 6.38%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 1.52 + (1.52 * 6.38% / 100) = 1.61

Price = (Terminal Value + Company Value) / Count shares
Price - Fair pris
Terminal Value — kostnad i perioden etter prognose
Company Value — kostnad i prognoseperioden
Count shares - Antall aksjer
Terminal Value = Discount Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = 1.06
Ebitda Yield = 0.1128
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - Gjeldsbetjeningskostnader
Debt - Plikt
Weight Debt - Kapitaliseringsvekt i forhold til gjeld
Weight Cost Debt - Gjeldsvekt i forhold til kapitalisering
Tax - Avgift
Interest Expense = 0.000186
Debt = 0
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0) = 0
Weight Cost Debt = 100% - 0 = 1
Tax = 0.25
Cost Of Equity — diskonteringsrente
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — risikofri avkastning
β (beta) — bestemmer risikomålet for en aksje (aktiva) i forhold til markedet og viser sensitiviteten til endringer i aksjens lønnsomhet i forhold til endringer i markedslønnsomheten.
Risk Premium — risikopremie - premie for risikoen ved å investere i aksjer
Country Premium - landrisiko
k(f) = 0.5
β = -1.88
Risk Premium = 18.88
Country Premium = 0.91
Cost Of Equity = 0.5 + -1.88 * 18.88 + 0.91 = -0.3415
WACC = (0.000186 / 0) * (100% - 0) * (1 - 0.25) + -0.3415 + 0 = 0
Terminal Value = Discount (1.06 * (1 + 0.1128) / (0 - 0.1128)) = 10.45
Company Value = ∑ (1.06 / (1 + 0) ^ 5) = 4.33
Price = (Terminal Value + Company Value) / Count shares = (10.45 + 4.33) / 133339999 = 110.86

Price = (Terminal Value + Company Value) / Count shares
Price - Fair pris
Terminal Value — kostnad i perioden etter prognose
Company Value — kostnad i prognoseperioden
Count shares - Antall aksjer
Terminal Value = Discount FCF(5) * (1 + FCF Yield) / (WACC - FCF Yield)
Company Value = ∑ (Discount FCF / (1 + WACC) ^ 5)
Discount FCF(5) = 0.000546
FCF Yield = -1.54
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - Gjeldsbetjeningskostnader
Debt - Plikt
Weight Debt - Kapitaliseringsvekt i forhold til gjeld
Weight Cost Debt - Gjeldsvekt i forhold til kapitalisering
Tax - Avgift
Interest Expense = 0.000186
Debt = 0
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0) = 0
Weight Cost Debt = 100% - 0 = 1
Tax = 0.25
Cost Of Equity — diskonteringsrente
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — risikofri avkastning
β (beta) — bestemmer risikomålet for en aksje (aktiva) i forhold til markedet og viser sensitiviteten til endringer i aksjens lønnsomhet i forhold til endringer i markedslønnsomheten.
Risk Premium — risikopremie - premie for risikoen ved å investere i aksjer
Country Premium - landrisiko
k(f) = 0.5
β = -1.88
Risk Premium = 18.88
Country Premium = 0.91
Cost Of Equity = 0.5 + -1.88 * 18.88 + 0.91 = -0.3415
WACC = (0.000186 / 0) * (100% - 0) * (1 - 0.25) + -0.3415 + 0 = 0
Terminal Value = Discount (0.000546 * (1 + -1.54) / (0 - -1.54)) = -0.000192
Company Value = ∑ (0.000546 / (1 + 0) ^ 5) = 0.0042
Price = (Terminal Value + Company Value) / Count shares = (-0.000192 + 0.0042) / 133339999 = 0.0304