Price = Avg Price + (Avg Price * CAGR EPS% / 100)
EPS = Earning Per Share
CAGR EPS = CAGR 5 EPS
Key Rate — 关键率
Excess Key Rate — 超出关键率的期望
EPS = -5.07
CAGR EPS = -521.91%
Key Rate = 0.165
Excess Key Rate = 2
Price = 0 + (0 * -521.91% / 100) = 64.81

Price = (Terminal Value + Company Value) / Count shares
Price - 合理的价格
Terminal Value — 邮政过程中的费用
Company Value — 预测期内的成本
Count shares - 股票数量
Terminal Value = Discount Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = 0.6298
Ebitda Yield = 0.2053
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - 债务服务
Debt - 债务，十亿
Weight Debt - 相对于债务的重量
Weight Cost Debt - 债务权重有关大写
Tax - 税
Interest Expense = 0.000119
Debt = 0.0168
Market Cap = 7.22
Weight Debt = Market Cap / (Market Cap + Debt) = 7.22 / (7.22 + 0.0168) = 0.9977
Weight Cost Debt = 100% - 0.9977 = 0.0023
Tax = 0.2
Cost Of Equity — 贴现率
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — 盈利能力
β (beta) — 确定与市场有关的股份（资产）风险（资产），并显示了与市场收益变化有关的行动盈利能力变化的敏感性。 Beta系数不仅可以针对单独的操作计算，还可以计算投资组合。
Risk Premium — 高级风险 - 投资诉讼风险的奖励
Country Premium - 国家风险
k(f) = 7.73
β = -0.4315
Risk Premium = 5.91
Country Premium = 12.94
Cost Of Equity = 7.73 + -0.4315 * 5.91 + 12.94 = 0.1812
WACC = (0.000119 / 0.0168) * (100% - 0.9977) * (1 - 0.2) + 0.1812 + 0.9977 = 0.7418
Terminal Value = Discount (0.6298 * (1 + 0.2053) / (0.7418 - 0.2053)) = 3.7
Company Value = ∑ (0.6298 / (1 + 0.7418) ^ 5) = 2.19
Price = (Terminal Value + Company Value) / Count shares = (3.7 + 2.19) / 109000000 = 54

Price = (Terminal Value + Company Value) / Count shares
Price - 合理的价格
Terminal Value — 邮政过程中的费用
Company Value — 预测期内的成本
Count shares - 股票数量
Terminal Value = Discount FCF(5) * (1 + FCF Yield) / (WACC - FCF Yield)
Company Value = ∑ (Discount FCF / (1 + WACC) ^ 5)
Discount FCF(5) = -0.3415
FCF Yield = -0.003
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - 债务服务
Debt - 债务，十亿
Weight Debt - 相对于债务的重量
Weight Cost Debt - 债务权重有关大写
Tax - 税
Interest Expense = 0.000119
Debt = 0.0168
Market Cap = 7.22
Weight Debt = Market Cap / (Market Cap + Debt) = 7.22 / (7.22 + 0.0168) = 0.9977
Weight Cost Debt = 100% - 0.9977 = 0.0023
Tax = 0.2
Cost Of Equity — 贴现率
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — 盈利能力
β (beta) — 确定与市场有关的股份（资产）风险（资产），并显示了与市场收益变化有关的行动盈利能力变化的敏感性。 Beta系数不仅可以针对单独的操作计算，还可以计算投资组合。
Risk Premium — 高级风险 - 投资诉讼风险的奖励
Country Premium - 国家风险
k(f) = 7.73
β = -0.4315
Risk Premium = 5.91
Country Premium = 12.94
Cost Of Equity = 7.73 + -0.4315 * 5.91 + 12.94 = 0.1812
WACC = (0.000119 / 0.0168) * (100% - 0.9977) * (1 - 0.2) + 0.1812 + 0.9977 = 0.7418
Terminal Value = Discount (-0.3415 * (1 + -0.003) / (0.7418 - -0.003)) = -31.41
Company Value = ∑ (-0.3415 / (1 + 0.7418) ^ 5) = -1.68
Price = (Terminal Value + Company Value) / Count shares = (-31.41 + -1.68) / 109000000 = -303.61