NASDAQ: HNST - The Honest Company, 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 = -0.4151
CAGR EPS = 2.89%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 4.93 + (4.93 * 2.89% / 100) = 5.07

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) = -0.0514
Ebitda Yield = 0.0731
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 = 0.000269
Debt = 0.0299
Market Cap = 0.132
Weight Debt = Market Cap / (Market Cap + Debt) = 0.132 / (0.132 + 0.0299) = 0.8155
Weight Cost Debt = 100% - 0.8155 = 0.1845
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 = 2.83
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 2.83 * 5.94 + 0 = 0.1953
WACC = (0.000269 / 0.0299) * (100% - 0.8155) * (1 - 0.21) + 0.1953 + 0.8155 = 0.865
Terminal Value = Discount (-0.0514 * (1 + 0.0731) / (0.865 - 0.0731)) = -0.8209
Company Value = ∑ (-0.0514 / (1 + 0.865) ^ 5) = -0.2185
Price = (Terminal Value + Company Value) / Count shares = (-0.8209 + -0.2185) / 94520000 = -11

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) = 0.041
FCF Yield = 0.1853
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 = 0.000269
Debt = 0.0299
Market Cap = 0.132
Weight Debt = Market Cap / (Market Cap + Debt) = 0.132 / (0.132 + 0.0299) = 0.8155
Weight Cost Debt = 100% - 0.8155 = 0.1845
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 = 2.83
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 2.83 * 5.94 + 0 = 0.1953
WACC = (0.000269 / 0.0299) * (100% - 0.8155) * (1 - 0.21) + 0.1953 + 0.8155 = 0.865
Terminal Value = Discount (0.041 * (1 + 0.1853) / (0.865 - 0.1853)) = 0.2632
Company Value = ∑ (0.041 / (1 + 0.865) ^ 5) = 0.1458
Price = (Terminal Value + Company Value) / Count shares = (0.2632 + 0.1458) / 94520000 = 4.33