NASDAQ: BBBY - Bed Bath & Beyond

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 = -36.03
CAGR EPS = 103.99%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0.301 + (0.301 * 103.99% / 100) = 0.614

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) = 0.2251
Ebitda Yield = -1.79
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 = 0.1105
Debt = 1.97
Market Cap = 0.1199
Weight Debt = Market Cap / (Market Cap + Debt) = 0.1199 / (0.1199 + 1.97) = 0.0573
Weight Cost Debt = 100% - 0.0573 = 0.9427
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
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0 * 5.94 + 0 = 0.0282
WACC = (0.1105 / 1.97) * (100% - 0.0573) * (1 - 0.21) + 0.0282 + 0.0573 = 4.42
Terminal Value = Discount (0.2251 * (1 + -1.79) / (4.42 - -1.79)) = -0.0781
Company Value = ∑ (0.2251 / (1 + 4.42) ^ 5) = 0.393
Price = (Terminal Value + Company Value) / Count shares = (-0.0781 + 0.393) / 97110000 = 3.24

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) = 0.2926
FCF Yield = -1.74
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 = 0.1105
Debt = 1.97
Market Cap = 0.1199
Weight Debt = Market Cap / (Market Cap + Debt) = 0.1199 / (0.1199 + 1.97) = 0.0573
Weight Cost Debt = 100% - 0.0573 = 0.9427
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
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0 * 5.94 + 0 = 0.0282
WACC = (0.1105 / 1.97) * (100% - 0.0573) * (1 - 0.21) + 0.0282 + 0.0573 = 4.42
Terminal Value = Discount (0.2926 * (1 + -1.74) / (4.42 - -1.74)) = -0.0977
Company Value = ∑ (0.2926 / (1 + 4.42) ^ 5) = 0.6465
Price = (Terminal Value + Company Value) / Count shares = (-0.0977 + 0.6465) / 97110000 = 5.65