4. Toyota Motor Corp's stock price is about $157. Consensus analysts' forecasts about Toyota's earnings in...

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4. Toyota Motor Corp's stock price is about $157. Consensus analysts' forecasts about Toyota's earnings in 2022 and 2023 are $16.21 and $17.95, respectively. The book value per share is $160.6. The company has a payout ratio about 25%. The risk free rate for Japan capital market is 0.24% and the market risk premium is about 7.75%. Firm Beta is estimated to be about 0.64. a. Forecast book value, return on common equity, and residual earnings for 2022 and 2023. b. Provide a building block analysis about each company's stock price. C. What are the implied market's expectation about growth rates of Toyota's long-term residual income after 2024? d. If you are a value investor, how would you evaluate Toyota price and make investment decisions? Also what additional factors you may need to find out more information about in making your final decision? 4. Toyota Motor Corp's stock price is about $157. Consensus analysts' forecasts about Toyota's earnings in 2022 and 2023 are $16.21 and $17.95, respectively. The book value per share is $160.6. The company has a payout ratio about 25%. The risk free rate for Japan capital market is 0.24% and the market risk premium is about 7.75%. Firm Beta is estimated to be about 0.64. a. Forecast book value, return on common equity, and residual earnings for 2022 and 2023. b. Provide a building block analysis about each company's stock price. C. What are the implied market's expectation about growth rates of Toyota's long-term residual income after 2024? d. If you are a value investor, how would you evaluate Toyota price and make investment decisions? Also what additional factors you may need to find out more information about in making your final decision?