Theoretical Stock Price Computing Device, Theoretical Stock Price Computing Method and Theoretical Stock Price Computing Program

A device that calculates the theoretical stock price of a company based on company valuation indexes, comprising;

• data acquisition means that acquires data concerning company valuation indexes including intellectual assets related indexes;
• expected earnings calculation means that calculates the expected earnings of a company using data concerning company valuation indexes including the intellectual assets related indexes;
• discount rate calculation means that calculates the discount rate for deriving company present value using data concerning the company valuation indexes;
• estimated aggregate market value calculation means that calculates the estimated aggregate market value of a company by dividing the expected earnings by the discount rate;
• and
• theoretical stock price calculation means that calculates the theoretical stock price by dividing the estimated aggregate market value by the total number of outstanding shares.

A device that calculates the theoretical stock price of a company based on company valuation indexes, comprising;

• data acquisition means that acquires data concerning company evaluation indexes including intellectual assets related indexes;
• factor analysis means that conducts factor analysis using data concerning the company valuation indexes of multiple companies, extracts factors, and aggregates the company valuation indexes based on said factors;
• multiple regression analysis means that performs multiple regression analysis using the factors extracted by the factor analysis means and the earnings related indexes shown by the various earnings, such as the intellectual assets related earnings of multiple companies, and derives a regression line showing the correlation between these;
• gross business income theoretical value calculation means that, based on the regression line, calculates the theoretical value of the earnings related indexes of the company that is the theoretical stock price calculation target and that then, based on said theoretical value, calculates the gross business income theoretical value;
• after-tax business income theoretical value calculation means that calculates the after-tax business income theoretical value of a company using the gross business income theoretical value and data concerning company valuation indexes including the intellectual assets related indexes;
• investment capital cost calculation means that calculates the investment capital cost of a company using data concerning the company valuation indexes;
• economic profit theoretical value calculation means that calculates the economic profit theoretical value by subtracting the investment capital cost from the after-tax business income theoretical value;
• discount rate calculation means that calculates the discount rate to derive the current value of a company using data concerning the company valuation indexes;
• theoretical market value added calculation means that calculates the theoretical market value added by dividing the economic profit theoretical value by the discount rate;
• equity capital calculation means that calculates the equity capital of a company using data concerning the company valuation indexes;
• estimated aggregate market value calculation means that calculates the estimated aggregate market value of a company by adding the theoretical market value added to the equity capital;
• and
• theoretical stock price calculation means that calculates the theoretical stock price by dividing the estimated aggregate market value by the total number of outstanding shares.

A method for calculating the theoretical stock price of a company based on company valuation indexes, comprising;

• a data acquisition step to acquire data concerning company valuation indexes including intellectual assets related indexes;
• an expected earnings calculation step to calculate the expected earnings of a company using data concerning company valuation indexes including the intellectual assets related indexes;
• a discount rate calculation step to calculate the discount rate for deriving company present value using data concerning the company valuation indexes;
• an estimated aggregate market value calculation step to calculate the estimated aggregate market value of a company by dividing the expected earnings by the discount rate;
• and
• a theoretical stock price calculation step to calculate the theoretical stock price by dividing the estimated aggregate market value by the total number of outstanding shares.

A method for calculating the theoretical stock price of a company based on company valuation indexes, comprising;

• a data acquisition step to acquire data concerning company evaluation indexes including intellectual assets related indexes;
• a factor analysis step to conduct factor analysis using data concerning the company valuation indexes of multiple companies, extract factors, and aggregate the company valuation indexes based on said factors;
• a multiple regression analysis step to perform multiple regression analysis using the factors extracted by the factor analysis step and the earnings related indexes shown by the various earnings, such as the intellectual assets related earnings of multiple companies, and derive a regression line showing the correlation between these;
• a gross business income theoretical value calculation step, based on the regression line, to calculate the theoretical value of the earnings related indexes of the company that is the theoretical stock price calculation target and then, based on said theoretical value, calculate the gross business income theoretical value;
• an after-tax business income theoretical value calculation step to calculate the after-tax business income theoretical value of a company using the gross business income theoretical value and data concerning company valuation indexes including the intellectual assets related indexes;
• an investment capital cost calculation step to calculate the investment capital cost of a company using data concerning the company valuation indexes;
• an economic profit theoretical value calculation step to calculate the economic profit theoretical value by subtracting the investment capital cost from the after-tax business income theoretical value;
• a discount rate calculation step to calculate the discount rate to derive the current value of a company using data concerning the company valuation indexes;
• a theoretical market value added calculation step to calculate the theoretical market value added by dividing the economic profit theoretical value by the discount rate;
• an equity capital calculation step to calculate the equity capital of a company using data concerning the company valuation indexes;
• an estimated aggregate market value calculation step to calculate the estimated aggregate market value of a company by adding the theoretical market value added to the equity capital;
• and
• a theoretical stock price calculation step to calculate the theoretical stock price by dividing the estimated aggregate market value by the total number of outstanding shares.

A program for calculating the theoretical stock price of a company based on company valuation indexes, comprising;

• a data acquisition function to acquire data concerning company valuation indexes including intellectual assets related indexes;
• an expected earnings calculation function to calculate the expected earnings of a company using data concerning company valuation indexes including the intellectual assets related indexes;
• a discount rate calculation function to calculate the discount rate for deriving company present value using data concerning the company valuation indexes;
• an estimated aggregate market value calculation function to calculate the estimated aggregate market value of a company by dividing the expected earnings by the discount rate;
• and
• a theoretical stock price calculation function to calculate the theoretical stock price by dividing the estimated aggregate market value by the total number of outstanding shares.

A program for calculating the theoretical stock price of a company based on company valuation indexes, comprising;

• a data acquisition function to acquire data concerning company evaluation indexes including intellectual assets related indexes;
• a factor analysis function to conduct factor analysis using data concerning the company valuation indexes of multiple companies, extract factors, and aggregate the company valuation indexes based on said factors;
• a multiple regression analysis function to perform multiple regression analysis using the factors extracted by the factor analysis function and the earnings related indexes shown by the various earnings, such as the intellectual assets related earnings of multiple companies, and derive a regression line showing the correlation between these;
• a gross business income theoretical value calculation function, based on the regression line, to calculate the theoretical value of the earnings related indexes of the company that is the theoretical stock price calculation target and then, based on said theoretical value, calculate the gross business income theoretical value;
• an after-tax business income theoretical value calculation function to calculate the after-tax business income theoretical value of a company using the gross business income theoretical value and data concerning company valuation indexes including the intellectual assets related indexes;
• an investment capital cost calculation function to calculate the investment capital cost of a company using data concerning the company valuation indexes;
• an economic profit theoretical value calculation function to calculate the economic profit theoretical value by subtracting the investment capital cost from the after-tax business income theoretical value;
• a discount rate calculation function to calculate the discount rate to derive the current value of a company using data concerning the company valuation indexes;
• a theoretical market value added calculation function to calculate the theoretical market value added by dividing the economic profit theoretical value by the discount rate;
• an equity capital calculation function to calculate the equity capital of a company using data concerning the company valuation indexes;
• an estimated aggregate market value calculation function to calculate the estimated aggregate market value of a company by adding the theoretical market value added to the equity capital;
• and
• a theoretical stock price calculation function to calculate the theoretical stock price by dividing the estimated aggregate market value by the total number of outstanding shares.