NASDAQ: BCOV - Brightcove 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 = -0.5307
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 3.42 + (3.42 * 8.66% / 100) = 3.71

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) = -0.0025
Ebitda Yield = -0.1342
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 = 2.6E-5
Debt = 0.0218
Market Cap = 0.1708
Weight Debt = Market Cap / (Market Cap + Debt) = 0.1708 / (0.1708 + 0.0218) = 0.8866
Weight Cost Debt = 100% - 0.8866 = 0.1134
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) = 2.89
β = 14.41
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 14.41 * 5.94 + 0 = 0.8848
WACC = (2.6E-5 / 0.0218) * (100% - 0.8866) * (1 - 0.21) + 0.8848 + 0.8866 = 0.8777
Terminal Value = Discount (-0.0025 * (1 + -0.1342) / (0.8777 - -0.1342)) = -0.0145
Company Value = ∑ (-0.0025 / (1 + 0.8777) ^ 5) = -0.0167
Price = (Terminal Value + Company Value) / Count shares = (-0.0145 + -0.0167) / 43130000 = -0.7243

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) = -0.0229
FCF Yield = 0.1549
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 = 2.6E-5
Debt = 0.0218
Market Cap = 0.1708
Weight Debt = Market Cap / (Market Cap + Debt) = 0.1708 / (0.1708 + 0.0218) = 0.8866
Weight Cost Debt = 100% - 0.8866 = 0.1134
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) = 2.89
β = 14.41
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 14.41 * 5.94 + 0 = 0.8848
WACC = (2.6E-5 / 0.0218) * (100% - 0.8866) * (1 - 0.21) + 0.8848 + 0.8866 = 0.8777
Terminal Value = Discount (-0.0229 * (1 + 0.1549) / (0.8777 - 0.1549)) = -0.1732
Company Value = ∑ (-0.0229 / (1 + 0.8777) ^ 5) = -0.0852
Price = (Terminal Value + Company Value) / Count shares = (-0.1732 + -0.0852) / 43130000 = -5.99