NASDAQ: EVLV - Evolv Technologies Holdings, 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 = -0.7123
CAGR EPS = 37.6%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 4.26 + (4.26 * 37.6% / 100) = 5.85

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 Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = -0.381
Ebitda Yield = 0.3185
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 = 0.000654
Debt = 0.0014
Market Cap = 0.8787
Weight Debt = Market Cap / (Market Cap + Debt) = 0.8787 / (0.8787 + 0.0014) = 0.9984
Weight Cost Debt = 100% - 0.9984 = 0.0016
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 = -0.1856
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -0.1856 * 5.94 + 0 = 0.0165
WACC = (0.000654 / 0.0014) * (100% - 0.9984) * (1 - 0.21) + 0.0165 + 0.9984 = 36.79
Terminal Value = Discount (-0.381 * (1 + 0.3185) / (36.79 - 0.3185)) = -2.12
Company Value = ∑ (-0.381 / (1 + 36.79) ^ 5) = -0.4287
Price = (Terminal Value + Company Value) / Count shares = (-2.12 + -0.4287) / 149170000 = -17.1

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) = -0.3205
FCF Yield = 0.3119
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 = 0.000654
Debt = 0.0014
Market Cap = 0.8787
Weight Debt = Market Cap / (Market Cap + Debt) = 0.8787 / (0.8787 + 0.0014) = 0.9984
Weight Cost Debt = 100% - 0.9984 = 0.0016
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 = -0.1856
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -0.1856 * 5.94 + 0 = 0.0165
WACC = (0.000654 / 0.0014) * (100% - 0.9984) * (1 - 0.21) + 0.0165 + 0.9984 = 36.79
Terminal Value = Discount (-0.3205 * (1 + 0.3119) / (36.79 - 0.3119)) = -1.57
Company Value = ∑ (-0.3205 / (1 + 36.79) ^ 5) = -0.3644
Price = (Terminal Value + Company Value) / Count shares = (-1.57 + -0.3644) / 149170000 = -12.96