DFC based on: Date: August 28, 2025 Forecast Horizon : 5.0 years ## Weighted Average Cost of Capital (WACC) - WACC Value : 0.0296 - Calculation Details : - Equity Market Value : 251,279,184.0 - Debt Market Value : 1,468,357.0 - Total Capital : 252,747,541.0 - Cost of Equity (CAPM) : 0.0292 - Cost of Debt : 0.1276 - Tax Rate : 30.95% ## Capital Asset Pricing Model (CAPM) - Risk-Free Rate : 0.0180 - Beta : 0.41 - Equity Risk Premium (ERP) : 0.0274 - CAPM Formula : Risk-free rate + Beta × ERP - CAPM Value : 0.0292 ## Cost of Debt - Interest Expense : 187,409.0 - Debt Market Value : 1,468,357.0 - Cost of Debt Formula : Interest Expense / Debt Market Value - Cost of Debt Value : 0.1276 ## Growth Model Analysis - Initial Growth Rate : 27.02% - Number of Periods (n) : 5.0 - Terminal Growth Rate : 2.00% ## WACC Data Table | Metric | Value | |:---------------------|-----------------:| | initial FCFF | 1.46232e+07 | | initial growth rate | 0.270176 | | equity market value | 2.51279e+08 | | debt market value | 1.46836e+06 | | tax rate | 0.309485 | | Risk-free rate | 0.018 | | beta | 0.41 | | ERP | 0.0274349 | | terminal growth rate | 0.02 | | forecast horizon | 5 | | Interest expense | 187409 | | number of shares | 4.05289e+08 | ## DCF Fair Value Estimate - Estimated Fair Bear Value: 6.107 - Estimated Fair Base Value: 7.499 - Estimated Fair Bull Value: 11.320 - Expected Value of PERT Distribution: 7.904