NASDAQ: FRPT - Freshpet, 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 = -0.6979
CAGR EPS = 78.51%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 99.52 + (99.52 * 78.51% / 100) = 177.65

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) = 0.047
Ebitda Yield = 0.1031
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 = 0.0141
Debt = 0.3964
Market Cap = 3.82
Weight Debt = Market Cap / (Market Cap + Debt) = 3.82 / (3.82 + 0.3964) = 0.906
Weight Cost Debt = 100% - 0.906 = 0.094
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 = 1.04
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 1.04 * 5.94 + 0 = 0.0875
WACC = (0.0141 / 0.3964) * (100% - 0.906) * (1 - 0.21) + 0.0875 + 0.906 = 2.86
Terminal Value = Discount (0.047 * (1 + 0.1031) / (2.86 - 0.1031)) = 0.6048
Company Value = ∑ (0.047 / (1 + 2.86) ^ 5) = 0.1783
Price = (Terminal Value + Company Value) / Count shares = (0.6048 + 0.1783) / 48160000 = 16.26

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) = -0.4008
FCF Yield = 0.1969
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 = 0.0141
Debt = 0.3964
Market Cap = 3.82
Weight Debt = Market Cap / (Market Cap + Debt) = 3.82 / (3.82 + 0.3964) = 0.906
Weight Cost Debt = 100% - 0.906 = 0.094
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 = 1.04
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 1.04 * 5.94 + 0 = 0.0875
WACC = (0.0141 / 0.3964) * (100% - 0.906) * (1 - 0.21) + 0.0875 + 0.906 = 2.86
Terminal Value = Discount (-0.4008 * (1 + 0.1969) / (2.86 - 0.1969)) = -2.48
Company Value = ∑ (-0.4008 / (1 + 2.86) ^ 5) = -1.31
Price = (Terminal Value + Company Value) / Count shares = (-2.48 + -1.31) / 48160000 = -78.7