① Inputs — Site Conditions
Adjusted Earnings / NOPAT (TTM)
WACC (Cost of Capital)
Beta (Market Risk)
Invested Capital (Book)
ROIC (NOPAT ÷ Invested Capital)
ROIC / WACC Spread
② EPV Valuation — The Project Floor
Standard EPV (NOPAT ÷ WACC)
Cash-Adjusted EPV
Net Cash / (Debt)
Fair Value (Per Share)
Margin of Safety Target
③ Moat Analysis — Barrier to Entry
Moat Multiple (EPV ÷ NAV)
Capital Intensity (Assets ÷ Rev)
PM Moat Score
④ Ratio Check — Speculation Meter
Cash-Adj EPV Ratio (Price ÷ FV)
Performance Tier
Conservative BUY Limit
Aggressive MAX Limit
⑤ DCF Scorecard — Growth Scenarios (10yr)
FCF Used (TTM)
🐂 Bull (g=10.0%)
📊 Base (g=6.0%)
🐻 Bear (g=2.0%)
⑥ Combined Signal — EPV + RSI + Volume
Current RSI(14)
Volume vs 20MA
FCF Yield (TTM)
Signal Status