TSE: 4575 - CanBas 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 = -67.87
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 960.5 + (960.5 * 8.66% / 100) = 1043.68

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) = 0.0979
Ebitda Yield = 0.1275
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 = 0.1696
Debt = 0
Market Cap = 22.03
Weight Debt = Market Cap / (Market Cap + Debt) = 22.03 / (22.03 + 0) = 0
Weight Cost Debt = 100% - 0 = 1
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 = -0.9184
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -0.9184 * 5.94 + 0 = -0.0246
WACC = (0.1696 / 0) * (100% - 0) * (1 - 0.21) + -0.0246 + 0 = 0
Terminal Value = Discount (0.0979 * (1 + 0.1275) / (0 - 0.1275)) = 0.8653
Company Value = ∑ (0.0979 / (1 + 0) ^ 5) = 0.3904
Price = (Terminal Value + Company Value) / Count shares = (0.8653 + 0.3904) / 17810000 = 70.51

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) = -2.53
FCF Yield = 0.1462
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 = 0.1696
Debt = 0
Market Cap = 22.03
Weight Debt = Market Cap / (Market Cap + Debt) = 22.03 / (22.03 + 0) = 0
Weight Cost Debt = 100% - 0 = 1
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 = -0.9184
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -0.9184 * 5.94 + 0 = -0.0246
WACC = (0.1696 / 0) * (100% - 0) * (1 - 0.21) + -0.0246 + 0 = 0
Terminal Value = Discount (-2.53 * (1 + 0.1462) / (0 - 0.1462)) = -19.85
Company Value = ∑ (-2.53 / (1 + 0) ^ 5) = -9.82
Price = (Terminal Value + Company Value) / Count shares = (-19.85 + -9.82) / 17810000 = -1665.95