NASDAQ: HROW - Harrow Health, 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 = -0.7484
CAGR EPS = -305.08%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0 + (0 * -305.08% / 100) = 17.72

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) = 0.0335
Ebitda Yield = 0.2808
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 = 0.0213
Debt = 0.184
Market Cap = 0.723
Weight Debt = Market Cap / (Market Cap + Debt) = 0.723 / (0.723 + 0.184) = 0.7972
Weight Cost Debt = 100% - 0.7972 = 0.2028
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) = 2.89
β = -1.55
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -1.55 * 5.94 + 0 = -0.0629
WACC = (0.0213 / 0.184) * (100% - 0.7972) * (1 - 0.21) + -0.0629 + 0.7972 = 9.03
Terminal Value = Discount (0.0335 * (1 + 0.2808) / (9.03 - 0.2808)) = 0.1462
Company Value = ∑ (0.0335 / (1 + 9.03) ^ 5) = 0.0809
Price = (Terminal Value + Company Value) / Count shares = (0.1462 + 0.0809) / 32620000 = 6.96

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) = -12.56
FCF Yield = 1.43
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 = 0.0213
Debt = 0.184
Market Cap = 0.723
Weight Debt = Market Cap / (Market Cap + Debt) = 0.723 / (0.723 + 0.184) = 0.7972
Weight Cost Debt = 100% - 0.7972 = 0.2028
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) = 2.89
β = -1.55
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -1.55 * 5.94 + 0 = -0.0629
WACC = (0.0213 / 0.184) * (100% - 0.7972) * (1 - 0.21) + -0.0629 + 0.7972 = 9.03
Terminal Value = Discount (-12.56 * (1 + 1.43) / (9.03 - 1.43)) = -14.79
Company Value = ∑ (-12.56 / (1 + 9.03) ^ 5) = -14.52
Price = (Terminal Value + Company Value) / Count shares = (-14.79 + -14.52) / 32620000 = -898.44