SSE: 688234 - SICC 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 = -0.1064
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 60.05 + (60.05 * 8.66% / 100) = 65.25

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) = -0.3892
Ebitda Yield = 0.1832
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 = 0.000217
Debt = 0.0086
Market Cap = 31.13
Weight Debt = Market Cap / (Market Cap + Debt) = 31.13 / (31.13 + 0.0086) = 0.9997
Weight Cost Debt = 100% - 0.9997 = 0.00029999999999997
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 = -1.14
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -1.14 * 5.94 + 0 = -0.0387
WACC = (0.000217 / 0.0086) * (100% - 0.9997) * (1 - 0.21) + -0.0387 + 0.9997 = 1.93
Terminal Value = Discount (-0.3892 * (1 + 0.1832) / (1.93 - 0.1832)) = -2.55
Company Value = ∑ (-0.3892 / (1 + 1.93) ^ 5) = -1.34
Price = (Terminal Value + Company Value) / Count shares = (-2.55 + -1.34) / 429710000 = -9.06

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) = 2.26
FCF Yield = -2.1
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 = 0.000217
Debt = 0.0086
Market Cap = 31.13
Weight Debt = Market Cap / (Market Cap + Debt) = 31.13 / (31.13 + 0.0086) = 0.9997
Weight Cost Debt = 100% - 0.9997 = 0.00029999999999997
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 = -1.14
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -1.14 * 5.94 + 0 = -0.0387
WACC = (0.000217 / 0.0086) * (100% - 0.9997) * (1 - 0.21) + -0.0387 + 0.9997 = 1.93
Terminal Value = Discount (2.26 * (1 + -2.1) / (1.93 - -2.1)) = -1.07
Company Value = ∑ (2.26 / (1 + 1.93) ^ 5) = 1.79
Price = (Terminal Value + Company Value) / Count shares = (-1.07 + 1.79) / 429710000 = 1.67