NASDAQ: GROM - Grom Social Enterprises, 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 = -14.67
CAGR EPS = 9.16%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 0.6552 + (0.6552 * 9.16% / 100) = 0.7152

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) = -0.0242
Ebitda Yield = 0.1441
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 = 0.000555
Debt = 0.001
Market Cap = 0.0029
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0029 / (0.0029 + 0.001) = 0.7435
Weight Cost Debt = 100% - 0.7435 = 0.2565
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 = -7.5
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -7.5 * 5.94 + 0 = -0.4178
WACC = (0.000555 / 0.001) * (100% - 0.7435) * (1 - 0.21) + -0.4178 + 0.7435 = 43.16
Terminal Value = Discount (-0.0242 * (1 + 0.1441) / (43.16 - 0.1441)) = -0.016
Company Value = ∑ (-0.0242 / (1 + 43.16) ^ 5) = -0.0331
Price = (Terminal Value + Company Value) / Count shares = (-0.016 + -0.0331) / 854200 = -57.54

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) = -0.0306
FCF Yield = 0.2796
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 = 0.000555
Debt = 0.001
Market Cap = 0.0029
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0029 / (0.0029 + 0.001) = 0.7435
Weight Cost Debt = 100% - 0.7435 = 0.2565
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 = -7.5
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -7.5 * 5.94 + 0 = -0.4178
WACC = (0.000555 / 0.001) * (100% - 0.7435) * (1 - 0.21) + -0.4178 + 0.7435 = 43.16
Terminal Value = Discount (-0.0306 * (1 + 0.2796) / (43.16 - 0.2796)) = -0.0427
Company Value = ∑ (-0.0306 / (1 + 43.16) ^ 5) = -0.0322
Price = (Terminal Value + Company Value) / Count shares = (-0.0427 + -0.0322) / 854200 = -87.73