NASDAQ: DSY - Big Tree Cloud Holdings Limited

Price = EPS * (1 + CAGR EPS) / (Key Rate * Excess Key Rate)
EPS = Earning Per Share
CAGR EPS = CAGR 5 EPS
Key Rate — キーレート
Excess Key Rate — 必要なキーレートの超過
EPS = 0.0168
CAGR EPS = 89.33%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 0.0168 * (1 + 89.33%) / (0.0458 * 2) = 0.3473

Price = (Terminal Value + Company Value) / Count shares
Price - 適正価格
Terminal Value — 予測後の期間のコスト
Company Value — 予測期間中のコスト
Count shares - 株式数
Terminal Value = Discount Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = -0.000634
Ebitda Yield = -0.1164
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - 債務返済コスト
Debt - 義務
Weight Debt - 負債に対する資本の重み
Weight Cost Debt - 資本総額に対する負債の重み
Tax - 税
Interest Expense = 1.1E-5
Debt = 0.000675
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.000675) = 0
Weight Cost Debt = 100% - 0 = 1
Tax = 0.21
Cost Of Equity — 割引率
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — リスクフリーの収益率
β (beta) — 市場に関連した株式 (資産) のリスクの尺度を決定し、市場の収益性の変化に対する株式の収益性の変化の感応度を示します。
Risk Premium — リスクプレミアム - 株式投資のリスクに対するプレミアム
Country Premium - カントリーリスク
k(f) = 2.75
β = -9.93
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -9.93 * 5.94 + 0 = -0.5625
WACC = (1.1E-5 / 0.000675) * (100% - 0) * (1 - 0.21) + -0.5625 + 0 = 1.24
Terminal Value = Discount (-0.000634 * (1 + -0.1164) / (1.24 - -0.1164)) = -0.0041
Company Value = ∑ (-0.000634 / (1 + 1.24) ^ 5) = -0.004
Price = (Terminal Value + Company Value) / Count shares = (-0.0041 + -0.004) / 77080000 = -0.1048

Price = (Terminal Value + Company Value) / Count shares
Price - 適正価格
Terminal Value — 予測後の期間のコスト
Company Value — 予測期間中のコスト
Count shares - 株式数
Terminal Value = Discount FCF(5) * (1 + FCF Yield) / (WACC - FCF Yield)
Company Value = ∑ (Discount FCF / (1 + WACC) ^ 5)
Discount FCF(5) = -0.000333
FCF Yield = -0.1801
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - 債務返済コスト
Debt - 義務
Weight Debt - 負債に対する資本の重み
Weight Cost Debt - 資本総額に対する負債の重み
Tax - 税
Interest Expense = 1.1E-5
Debt = 0.000675
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.000675) = 0
Weight Cost Debt = 100% - 0 = 1
Tax = 0.21
Cost Of Equity — 割引率
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — リスクフリーの収益率
β (beta) — 市場に関連した株式 (資産) のリスクの尺度を決定し、市場の収益性の変化に対する株式の収益性の変化の感応度を示します。
Risk Premium — リスクプレミアム - 株式投資のリスクに対するプレミアム
Country Premium - カントリーリスク
k(f) = 2.75
β = -9.93
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -9.93 * 5.94 + 0 = -0.5625
WACC = (1.1E-5 / 0.000675) * (100% - 0) * (1 - 0.21) + -0.5625 + 0 = 1.24
Terminal Value = Discount (-0.000333 * (1 + -0.1801) / (1.24 - -0.1801)) = -0.0013
Company Value = ∑ (-0.000333 / (1 + 1.24) ^ 5) = -0.0025
Price = (Terminal Value + Company Value) / Count shares = (-0.0013 + -0.0025) / 77080000 = -0.0497