NASDAQ: FEYE - FireEye, 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 = 3.62
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 16.25 + (16.25 * 8.66% / 100) = 17.66

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) = -0.0769
Ebitda Yield = -0.0551
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
Debt = 1.05
Market Cap = 4.13
Weight Debt = Market Cap / (Market Cap + Debt) = 4.13 / (4.13 + 1.05) = 0.7973
Weight Cost Debt = 100% - 0.7973 = 0.2027
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) = 3
β = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 0 * 5.94 + 0 = 0.03
WACC = (0 / 1.05) * (100% - 0.7973) * (1 - 0.21) + 0.03 + 0.7973 = 0.0239
Terminal Value = Discount (-0.0769 * (1 + -0.0551) / (0.0239 - -0.0551)) = -1.31
Company Value = ∑ (-0.0769 / (1 + 0.0239) ^ 5) = -0.4317
Price = (Terminal Value + Company Value) / Count shares = (-1.31 + -0.4317) / 223000000 = -7.81

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) = 0.7368
FCF Yield = 0.3931
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
Debt = 1.05
Market Cap = 4.13
Weight Debt = Market Cap / (Market Cap + Debt) = 4.13 / (4.13 + 1.05) = 0.7973
Weight Cost Debt = 100% - 0.7973 = 0.2027
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) = 3
β = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 0 * 5.94 + 0 = 0.03
WACC = (0 / 1.05) * (100% - 0.7973) * (1 - 0.21) + 0.03 + 0.7973 = 0.0239
Terminal Value = Discount (0.7368 * (1 + 0.3931) / (0.0239 - 0.3931)) = 2.61
Company Value = ∑ (0.7368 / (1 + 0.0239) ^ 5) = 2.11
Price = (Terminal Value + Company Value) / Count shares = (2.61 + 2.11) / 223000000 = 21.17