NASDAQ: BASE - Couchbase, Inc.

Price = Avg Price + (Avg Price * CAGR EPS% / 100)
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 = -1.7
CAGR EPS = 11.64%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 15.55 + (15.55 * 11.64% / 100) = 17.36

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) = -0.2056
Ebitda Yield = 0.2174
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 = 4.3E-5
Debt = 0.0053
Market Cap = 0.685
Weight Debt = Market Cap / (Market Cap + Debt) = 0.685 / (0.685 + 0.0053) = 0.9923
Weight Cost Debt = 100% - 0.9923 = 0.0077
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) = 2.6
β = -2.97
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + -2.97 * 5.94 + 0 = -0.1504
WACC = (4.3E-5 / 0.0053) * (100% - 0.9923) * (1 - 0.21) + -0.1504 + 0.9923 = 0.487
Terminal Value = Discount (-0.2056 * (1 + 0.2174) / (0.487 - 0.2174)) = -1.15
Company Value = ∑ (-0.2056 / (1 + 0.487) ^ 5) = -0.7092
Price = (Terminal Value + Company Value) / Count shares = (-1.15 + -0.7092) / 44790000 = -41.5

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) = -0.037
FCF Yield = 0.0318
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 = 4.3E-5
Debt = 0.0053
Market Cap = 0.685
Weight Debt = Market Cap / (Market Cap + Debt) = 0.685 / (0.685 + 0.0053) = 0.9923
Weight Cost Debt = 100% - 0.9923 = 0.0077
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) = 2.6
β = -2.97
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + -2.97 * 5.94 + 0 = -0.1504
WACC = (4.3E-5 / 0.0053) * (100% - 0.9923) * (1 - 0.21) + -0.1504 + 0.9923 = 0.487
Terminal Value = Discount (-0.037 * (1 + 0.0318) / (0.487 - 0.0318)) = -1.38
Company Value = ∑ (-0.037 / (1 + 0.487) ^ 5) = -0.1712
Price = (Terminal Value + Company Value) / Count shares = (-1.38 + -0.1712) / 44790000 = -34.64