OTC: RYKKY - Ryohin Keikaku 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 = 83.33
CAGR EPS = 18.56%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 21.38 + (21.38 * 18.56% / 100) = 25.35

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) = 0.0151
Ebitda Yield = -0.4931
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 = 1.66
Debt = 95.66
Market Cap = 3.43
Weight Debt = Market Cap / (Market Cap + Debt) = 3.43 / (3.43 + 95.66) = 0.0346
Weight Cost Debt = 100% - 0.0346 = 0.9654
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) = 3
β = -5.61
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -5.61 * 5.94 + 0 = -0.303
WACC = (1.66 / 95.66) * (100% - 0.0346) * (1 - 0.21) + -0.303 + 0.0346 = 1.36
Terminal Value = Discount (0.0151 * (1 + -0.4931) / (1.36 - -0.4931)) = 0.0141
Company Value = ∑ (0.0151 / (1 + 1.36) ^ 5) = 0.4375
Price = (Terminal Value + Company Value) / Count shares = (0.0141 + 0.4375) / 264040000 = 1.71

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) = 0.3797
FCF Yield = 0.1225
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 = 1.66
Debt = 95.66
Market Cap = 3.43
Weight Debt = Market Cap / (Market Cap + Debt) = 3.43 / (3.43 + 95.66) = 0.0346
Weight Cost Debt = 100% - 0.0346 = 0.9654
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) = 3
β = -5.61
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -5.61 * 5.94 + 0 = -0.303
WACC = (1.66 / 95.66) * (100% - 0.0346) * (1 - 0.21) + -0.303 + 0.0346 = 1.36
Terminal Value = Discount (0.3797 * (1 + 0.1225) / (1.36 - 0.1225)) = 3.66
Company Value = ∑ (0.3797 / (1 + 1.36) ^ 5) = 1.46
Price = (Terminal Value + Company Value) / Count shares = (3.66 + 1.46) / 264040000 = 19.4