NASDAQ: CASA - Casa Systems, 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 = -0.8647
CAGR EPS = 7.29%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 0.2784 + (0.2784 * 7.29% / 100) = 0.2987

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) = 0.0556
Ebitda Yield = -1.96
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 = 0.0272
Debt = 0.2306
Market Cap = 0.0865
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0865 / (0.0865 + 0.2306) = 0.2728
Weight Cost Debt = 100% - 0.2728 = 0.7272
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 = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 0 * 5.94 + 0 = 0.026
WACC = (0.0272 / 0.2306) * (100% - 0.2728) * (1 - 0.21) + 0.026 + 0.2728 = 9.32
Terminal Value = Discount (0.0556 * (1 + -1.96) / (9.32 - -1.96)) = -0.0167
Company Value = ∑ (0.0556 / (1 + 9.32) ^ 5) = 0.0483
Price = (Terminal Value + Company Value) / Count shares = (-0.0167 + 0.0483) / 91600000 = 0.3458

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) = -0.0379
FCF Yield = -0.0201
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 = 0.0272
Debt = 0.2306
Market Cap = 0.0865
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0865 / (0.0865 + 0.2306) = 0.2728
Weight Cost Debt = 100% - 0.2728 = 0.7272
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 = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 0 * 5.94 + 0 = 0.026
WACC = (0.0272 / 0.2306) * (100% - 0.2728) * (1 - 0.21) + 0.026 + 0.2728 = 9.32
Terminal Value = Discount (-0.0379 * (1 + -0.0201) / (9.32 - -0.0201)) = -0.2098
Company Value = ∑ (-0.0379 / (1 + 9.32) ^ 5) = -0.1527
Price = (Terminal Value + Company Value) / Count shares = (-0.2098 + -0.1527) / 91600000 = -3.96