NASDAQ: ALRM - Alarm.com

Price = EPS * (1 + CAGR EPS) / (Key Rate * Excess Key Rate)
EPS = Earning Per Share
CAGR EPS = CAGR 5 EPS
Key Rate — 关键利率
Excess Key Rate — 期望超出关键利率
EPS = 2.14
CAGR EPS = 6.94%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 2.14 * (1 + 6.94%) / (0.0433 * 2) = 26.43

Price = (Terminal Value + Company Value) / Count shares
Price - 价格公道
Terminal Value — 预测后期间的成本
Company Value — 预测期内的成本
Count shares - 股份数量
Terminal Value = Discount Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = 0.2172
Ebitda Yield = 0.0616
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - 偿债成本
Debt - 责任
Weight Debt - 相对于债务的资本权重
Weight Cost Debt - 债务权重相对于资本总额
Tax - 税
Interest Expense = 0.0114
Debt = 1.06
Market Cap = 2.85
Weight Debt = Market Cap / (Market Cap + Debt) = 2.85 / (2.85 + 1.06) = 0.7295
Weight Cost Debt = 100% - 0.7295 = 0.2705
Tax = 0.21
Cost Of Equity — 贴现率
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — 无风险回报率
β (beta) — 确定股票（资产）相对于市场的风险度量，并显示股票盈利能力变化相对于市场盈利能力变化的敏感性。
Risk Premium — 风险溢价——投资股票的风险溢价
Country Premium - 国家风险
k(f) = 2.82
β = 0.8362
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0.8362 * 5.94 + 0 = 0.0779
WACC = (0.0114 / 1.06) * (100% - 0.7295) * (1 - 0.21) + 0.0779 + 0.7295 = 0.9048
Terminal Value = Discount (0.2172 * (1 + 0.0616) / (0.9048 - 0.0616)) = 4.2
Company Value = ∑ (0.2172 / (1 + 0.9048) ^ 5) = 0.9405
Price = (Terminal Value + Company Value) / Count shares = (4.2 + 0.9405) / 57990000 = 88.58

Price = (Terminal Value + Company Value) / Count shares
Price - 价格公道
Terminal Value — 预测后期间的成本
Company Value — 预测期内的成本
Count shares - 股份数量
Terminal Value = Discount FCF(5) * (1 + FCF Yield) / (WACC - FCF Yield)
Company Value = ∑ (Discount FCF / (1 + WACC) ^ 5)
Discount FCF(5) = 0.4009
FCF Yield = 0.1535
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - 偿债成本
Debt - 责任
Weight Debt - 相对于债务的资本权重
Weight Cost Debt - 债务权重相对于资本总额
Tax - 税
Interest Expense = 0.0114
Debt = 1.06
Market Cap = 2.85
Weight Debt = Market Cap / (Market Cap + Debt) = 2.85 / (2.85 + 1.06) = 0.7295
Weight Cost Debt = 100% - 0.7295 = 0.2705
Tax = 0.21
Cost Of Equity — 贴现率
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — 无风险回报率
β (beta) — 确定股票（资产）相对于市场的风险度量，并显示股票盈利能力变化相对于市场盈利能力变化的敏感性。
Risk Premium — 风险溢价——投资股票的风险溢价
Country Premium - 国家风险
k(f) = 2.82
β = 0.8362
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0.8362 * 5.94 + 0 = 0.0779
WACC = (0.0114 / 1.06) * (100% - 0.7295) * (1 - 0.21) + 0.0779 + 0.7295 = 0.9048
Terminal Value = Discount (0.4009 * (1 + 0.1535) / (0.9048 - 0.1535)) = 3.06
Company Value = ∑ (0.4009 / (1 + 0.9048) ^ 5) = 1.49
Price = (Terminal Value + Company Value) / Count shares = (3.06 + 1.49) / 57990000 = 78.5