OTC: KSRYY - KOSÉ Corporation

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 = 204.41
CAGR EPS = 179.42%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 10.81 + (10.81 * 179.42% / 100) = 30.19

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) = 13.61
Ebitda Yield = -0.1271
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 = 0.011
Debt = 9.98
Market Cap = 4.83
Weight Debt = Market Cap / (Market Cap + Debt) = 4.83 / (4.83 + 9.98) = 0.3261
Weight Cost Debt = 100% - 0.3261 = 0.6739
Tax = 0.21
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) = 2.89
β = -2.88
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -2.88 * 5.94 + 0 = -0.1421
WACC = (0.011 / 9.98) * (100% - 0.3261) * (1 - 0.21) + -0.1421 + 0.3261 = 0.0404
Terminal Value = Discount (13.61 * (1 + -0.1271) / (0.0404 - -0.1271)) = 93.04
Company Value = ∑ (13.61 / (1 + 0.0404) ^ 5) = 90.88
Price = (Terminal Value + Company Value) / Count shares = (93.04 + 90.88) / 285260000 = 644.75

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) = 0.006
FCF Yield = -0.484
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 = 0.011
Debt = 9.98
Market Cap = 4.83
Weight Debt = Market Cap / (Market Cap + Debt) = 4.83 / (4.83 + 9.98) = 0.3261
Weight Cost Debt = 100% - 0.3261 = 0.6739
Tax = 0.21
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) = 2.89
β = -2.88
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -2.88 * 5.94 + 0 = -0.1421
WACC = (0.011 / 9.98) * (100% - 0.3261) * (1 - 0.21) + -0.1421 + 0.3261 = 0.0404
Terminal Value = Discount (0.006 * (1 + -0.484) / (0.0404 - -0.484)) = 0.0064
Company Value = ∑ (0.006 / (1 + 0.0404) ^ 5) = 0.169
Price = (Terminal Value + Company Value) / Count shares = (0.0064 + 0.169) / 285260000 = 0.6149