BOS Valuation

BOS Valuation Indicators

There are 8 methods of valuation:

1. Asset Stock => BVPS x Asset_MOS
Asset_MOS: Multiple (default 0.8)
Asset_MOS_BRKB: Multiple specific to BRK.B (default 1.5)

2. Dividend Stock => Dividend / Target Dividend Yield
Target Dividend Yield (%): Desired dividend yield percentage (default 4)

3. Growth Stock => EPS x Short/Mid/Long-term Minimum EPS Growth Rate G (< 30%)
Short EPS Growth years: Number of years for short-term growth reference (default 3)
Median EPS Growth years: Number of years for mid-term growth reference (default 5)
Long EPS Growth years: Number of years for long-term growth reference (default 10)
Option: EPS G (%) (< 30%): EPS Growth Rate
If -1, follow the above rules; if not, use this growth rate (default -1)

4. FCF Yield => FCF / Target FCF Yield
Target FCF Yield (%): Desired free cash flow yield percentage (default 5)

5. Relative PB => Stock Price x Average PB of Past n Years / Current PB
PB years: Number of reference years (default 5)

6. Relative PE => Stock Price x Average PE of Past n Years / Current PE
PE years: Number of reference years (default 5)

7. DCF => Calculation method referenced from Gurufocus
DCF discount rate (%) (6%~20%): Discount rate (can be WACC) (default 11)
DCF terminal FCF G (%) (< discount rate): Estimated FCF growth rate for 11~20 years (default 4)
Option: FCF G (%) (5%~20%): Estimated FCF growth rate for 1~20 years
If -1, use 10-year FCF growth rate (5%~20%); if not, use this estimated growth rate (default -1)

8. DDM => Dividend / (R - n-year Dividend Growth Rate G)
DDM R (%) (8%~12%): Discount rate (can be WACC) (default 12)
Dividend Growth years: Number of reference growth years (default 5)
Option: Dividend G (%) (5%~8%) (< R):
If -1, use the dividend growth rate of the reference growth years (5%~8%); if not, use this dividend growth rate (default -1)

BOS 估價指標

一共包含8種估價方式：

1. 資產股 => BVPS x Asset_MOS
Asset_MOS: 倍數（預設 0.8）
Asset_MOS_BRKB: 專屬於BRK.B的倍數（預設 1.5）

2. 股息股 => 股息 / Target Dividend Yield
Target Dividend Yield (%): 目標股息殖利率幾%（預設 4）

3. 成長股 => EPS x 短中長期最小EPS成長率G( < 30% )
Short EPS Growth years: 短期參考成長年數（預設 3）
Median EPS Growth years: 中期參考成長年數（預設 5）
Long EPS Growth years: 長期參考成長年數（預設 10）
Option: EPS G (%) (< 30%): EPS成長率
若為-1則使用上面的規則，若不為-1，則使用這個成長率。（預設 -1）

4. FCF殖利率 => FCF / Target FCF Yield
Target FCF Yield (%): 目標自由現金流殖利率幾％（預設 5）

5. 相對PB => 股價 x 過去n年平均PB / 現在的PB
PB years: 參考年數（預設 5）

6. 相對PE => 股價 x 過去n年平均PE / 現在的PE
PE years: 參考年數（預設 5）

7. DCF => 計算方式參考Gurufocus
DCF discount rate (%) (6%~20%): 折現率（可填WACC）（預設 11）
DCF terminal FCF G (%) (< discount rate): 11～20年預估FCF成長率（預設 4）
Option: FCF G (%) (5%~20%): 1~20年預估FCF成長率
若為-1則使用10年FCF成長率 (5%~20%)，若不為-1，則使用這個預估成長率。（預設 -1）

8. DDM => 股息 / (R - n年股息成長率G)
DDM R (%) (8%~12%): 折現率（可填WACC）（預設 12）
Dividend Growth years: 參考成長年數（預設 5）
Option: Dividend G (%) (5%~8%) (< R):
若為-1則使用參考成長年數的股息成長率 (5%~8%)，若不為-1，則使用這個股息成長率。（預設 -1）