19-06-2017, 11:00 AM
(19-06-2017, 09:23 AM)weijian Wrote:(19-06-2017, 08:43 AM)gongkia Wrote: NRA valued Sunsine at $1.245 per share.
Can someone please enlighten us on how this number is derived?
hi gongkia,
it is on pg18 of the NRA brokerage report provided by forumer tiongkokgor
Weijian
Page 18 states "to value Sunsine, we discounted its free cash flows to equity by 10% per annum, thus yielding a fair value of $1.245 per share or 12.0x FY 17 F earnings".
The working in figure 25 in page 19 seems complex. Grateful if you can enlighten.
Thank you.
