NASDAQ: GIFI - Gulf Island Fabrication, 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 = -1.51
CAGR EPS = 9.16%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 4.85 + (4.85 * 9.16% / 100) = 5.29

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) = -0.0163
Ebitda Yield = -0.0762
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 = 0.0014
Debt = 0.02
Market Cap = 0.0531
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0531 / (0.0531 + 0.02) = 0.7264
Weight Cost Debt = 100% - 0.7264 = 0.2736
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 = -1.65
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + -1.65 * 5.94 + 0 = -0.0718
WACC = (0.0014 / 0.02) * (100% - 0.7264) * (1 - 0.21) + -0.0718 + 0.7264 = 5.59
Terminal Value = Discount (-0.0163 * (1 + -0.0762) / (5.59 - -0.0762)) = -0.0868
Company Value = ∑ (-0.0163 / (1 + 5.59) ^ 5) = -0.0825
Price = (Terminal Value + Company Value) / Count shares = (-0.0868 + -0.0825) / 16190000 = -10.46

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) = 0.0088
FCF Yield = 0.1525
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 = 0.0014
Debt = 0.02
Market Cap = 0.0531
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0531 / (0.0531 + 0.02) = 0.7264
Weight Cost Debt = 100% - 0.7264 = 0.2736
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 = -1.65
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + -1.65 * 5.94 + 0 = -0.0718
WACC = (0.0014 / 0.02) * (100% - 0.7264) * (1 - 0.21) + -0.0718 + 0.7264 = 5.59
Terminal Value = Discount (0.0088 * (1 + 0.1525) / (5.59 - 0.1525)) = 0.0799
Company Value = ∑ (0.0088 / (1 + 5.59) ^ 5) = 0.0283
Price = (Terminal Value + Company Value) / Count shares = (0.0799 + 0.0283) / 16190000 = 6.68