NASDAQ: GCT - GigaCloud Technology 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 = 2.3
CAGR EPS = 100.49%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 29.07 + (29.07 * 100.49% / 100) = 58.28

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) = 1.83
Ebitda Yield = 0.7247
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 = 0.0012
Debt = 0.4033
Market Cap = 0.317
Weight Debt = Market Cap / (Market Cap + Debt) = 0.317 / (0.317 + 0.4033) = 0.4401
Weight Cost Debt = 100% - 0.4401 = 0.5599
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 = 3.87
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 3.87 * 5.94 + 0 = 0.2601
WACC = (0.0012 / 0.4033) * (100% - 0.4401) * (1 - 0.21) + 0.2601 + 0.4401 = 0.3563
Terminal Value = Discount (1.83 * (1 + 0.7247) / (0.3563 - 0.7247)) = 4.29
Company Value = ∑ (1.83 / (1 + 0.3563) ^ 5) = 4.01
Price = (Terminal Value + Company Value) / Count shares = (4.29 + 4.01) / 40920000 = 202.91

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) = 35.85
FCF Yield = 2.08
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 = 0.0012
Debt = 0.4033
Market Cap = 0.317
Weight Debt = Market Cap / (Market Cap + Debt) = 0.317 / (0.317 + 0.4033) = 0.4401
Weight Cost Debt = 100% - 0.4401 = 0.5599
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 = 3.87
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 3.87 * 5.94 + 0 = 0.2601
WACC = (0.0012 / 0.4033) * (100% - 0.4401) * (1 - 0.21) + 0.2601 + 0.4401 = 0.3563
Terminal Value = Discount (35.85 * (1 + 2.08) / (0.3563 - 2.08)) = 52.23
Company Value = ∑ (35.85 / (1 + 0.3563) ^ 5) = 52.03
Price = (Terminal Value + Company Value) / Count shares = (52.23 + 52.03) / 40920000 = 2547.92