NASDAQ: IIIV - i3 Verticals, 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 = 3.35
CAGR EPS = 157.64%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 23.67 + (23.67 * 157.64% / 100) = 60.98

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) = 0.0447
Ebitda Yield = 0.0611
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 = 0.0293
Debt = 0.0654
Market Cap = 0.5219
Weight Debt = Market Cap / (Market Cap + Debt) = 0.5219 / (0.5219 + 0.0654) = 0.8887
Weight Cost Debt = 100% - 0.8887 = 0.1113
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) = 2.39
β = -0.5089
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.39 + -0.5089 * 5.94 + 0 = -0.0063
WACC = (0.0293 / 0.0654) * (100% - 0.8887) * (1 - 0.21) + -0.0063 + 0.8887 = 35.03
Terminal Value = Discount (0.0447 * (1 + 0.0611) / (35.03 - 0.0611)) = 0.0365
Company Value = ∑ (0.0447 / (1 + 35.03) ^ 5) = 0.0854
Price = (Terminal Value + Company Value) / Count shares = (0.0365 + 0.0854) / 33880000 = 3.6

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) = 0.1084
FCF Yield = 0.175
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 = 0.0293
Debt = 0.0654
Market Cap = 0.5219
Weight Debt = Market Cap / (Market Cap + Debt) = 0.5219 / (0.5219 + 0.0654) = 0.8887
Weight Cost Debt = 100% - 0.8887 = 0.1113
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) = 2.39
β = -0.5089
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.39 + -0.5089 * 5.94 + 0 = -0.0063
WACC = (0.0293 / 0.0654) * (100% - 0.8887) * (1 - 0.21) + -0.0063 + 0.8887 = 35.03
Terminal Value = Discount (0.1084 * (1 + 0.175) / (35.03 - 0.175)) = 0.1619
Company Value = ∑ (0.1084 / (1 + 35.03) ^ 5) = 0.1626
Price = (Terminal Value + Company Value) / Count shares = (0.1619 + 0.1626) / 33880000 = 9.58