SSE: 688327 - CloudWalk Technology 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 = -0.6205
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 15.68 + (15.68 * 8.66% / 100) = 17.04

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) = 0.5232
Ebitda Yield = -0.0359
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 = 0.0182
Debt = 1.01
Market Cap = 21.95
Weight Debt = Market Cap / (Market Cap + Debt) = 21.95 / (21.95 + 1.01) = 0.956
Weight Cost Debt = 100% - 0.956 = 0.044
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 = 1.81
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 1.81 * 5.94 + 0 = 0.1378
WACC = (0.0182 / 1.01) * (100% - 0.956) * (1 - 0.21) + 0.1378 + 0.956 = 1.54
Terminal Value = Discount (0.5232 * (1 + -0.0359) / (1.54 - -0.0359)) = 9.1
Company Value = ∑ (0.5232 / (1 + 1.54) ^ 5) = 2.7
Price = (Terminal Value + Company Value) / Count shares = (9.1 + 2.7) / 1036940000 = 11.37

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) = -0.3176
FCF Yield = -0.0678
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 = 0.0182
Debt = 1.01
Market Cap = 21.95
Weight Debt = Market Cap / (Market Cap + Debt) = 21.95 / (21.95 + 1.01) = 0.956
Weight Cost Debt = 100% - 0.956 = 0.044
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 = 1.81
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 1.81 * 5.94 + 0 = 0.1378
WACC = (0.0182 / 1.01) * (100% - 0.956) * (1 - 0.21) + 0.1378 + 0.956 = 1.54
Terminal Value = Discount (-0.3176 * (1 + -0.0678) / (1.54 - -0.0678)) = -3.3
Company Value = ∑ (-0.3176 / (1 + 1.54) ^ 5) = -1.76
Price = (Terminal Value + Company Value) / Count shares = (-3.3 + -1.76) / 1036940000 = -4.87