Adopting the investment concepts of Rule#1 used by Phil Town and the formula for identifying and evaluating the stocks of tomorrow used by Michael Moe, this paper constructs a novel financial model of long term growing stocks for the Taiwan stock market. The investment themes are derived from the intersection of the emerging industry, megatrends, and hot areas for future growth. Then, the candidates of good companies are selected by using the three circle method. To evaluate the candidature of excellent companies, this paper uses both Town's four Ms method (Meaning, Moat, Management, and Margin of safety) and the Big Five number (Return on Invest Capital (ROIC), Sale growth rate, Earning per share (EPS) growth rate, Equity or Book Value per share (BVPS) growth rate, and Free Cash Flow (FCF) growth rate) and Moe's four Ps (People, Product, Potential, and Predictability). Also, the EPS growth rate is used to rank the companies. Furthermore, this paper finds the sticker price by estimating the future earnings growth and price/earnings ratio, checks the sticker price by the discounted cash flow method, the Price Earning to Growth Ratio (P/E/G) method and the Price to Sales Ratio (P/S) method, and then calculates the price of the Margin of Safety (MOS). Finally, the Taiwan long-term stock investment is studied by using this simple and step-by-step financial model. This paper aims to present a useful model that individual investors can apply easily.
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机译：本文构建了台湾股市长期生长股的新金融模式，采用菲尔镇和鉴定和评估明天股票的公式的投资概念。投资主题源于新兴行业，兆特和热门地区为未来增长的交汇处。然后，使用三个圆形方法选择良好公司的候选者。为了评估优秀公司的候选公司，本文使用镇的四个MS方法（意义，壕沟，管理和安全裕数）和大量的五个数字（投资资本（ROIC）回报，销售增长率，每股收入（每股EPS）每股增长率，公平或账面价值（BVPS）增长率，自由现金流量（FCF）增长率）和MOE的四个PS（人，产品，潜在和可预测性）。此外，EPS增长率用于对公司进行排名。此外，本文通过估算未来的盈利增长和价格/收益比率来查找贴纸价格，通过折扣现金流量来检查贴纸价格，价格盈亏增长率（P / E / G）方法和销售价格比率（p / s）方法，然后计算安全范围的价格（MOS）。最后，通过使用这种简单和一步一步的金融模式研究了台湾长期股票投资。本文旨在提出一个有用的模型，即个人投资者可以轻松申请。
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