NASDAQ: CVGI - Commercial Vehicle Group, 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 = 1.47
CAGR EPS = 23.6%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 5.24 + (5.24 * 23.6% / 100) = 6.47

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) = 0.0938
Ebitda Yield = 0.0505
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 = 0.0129
Debt = 0.1491
Market Cap = 0.3125
Weight Debt = Market Cap / (Market Cap + Debt) = 0.3125 / (0.3125 + 0.1491) = 0.677
Weight Cost Debt = 100% - 0.677 = 0.323
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) = 2.75
β = -1.98
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -1.98 * 5.94 + 0 = -0.0903
WACC = (0.0129 / 0.1491) * (100% - 0.677) * (1 - 0.21) + -0.0903 + 0.677 = 6.73
Terminal Value = Discount (0.0938 * (1 + 0.0505) / (6.73 - 0.0505)) = 4.21
Company Value = ∑ (0.0938 / (1 + 6.73) ^ 5) = 0.3495
Price = (Terminal Value + Company Value) / Count shares = (4.21 + 0.3495) / 33580000 = 135.85

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) = 0.0248
FCF Yield = 0.0592
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 = 0.0129
Debt = 0.1491
Market Cap = 0.3125
Weight Debt = Market Cap / (Market Cap + Debt) = 0.3125 / (0.3125 + 0.1491) = 0.677
Weight Cost Debt = 100% - 0.677 = 0.323
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) = 2.75
β = -1.98
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -1.98 * 5.94 + 0 = -0.0903
WACC = (0.0129 / 0.1491) * (100% - 0.677) * (1 - 0.21) + -0.0903 + 0.677 = 6.73
Terminal Value = Discount (0.0248 * (1 + 0.0592) / (6.73 - 0.0592)) = 2.34
Company Value = ∑ (0.0248 / (1 + 6.73) ^ 5) = 0.0908
Price = (Terminal Value + Company Value) / Count shares = (2.34 + 0.0908) / 33580000 = 72.34