Price = Avg Price + (Avg Price * CAGR EPS% / 100)
EPS = Earning Per Share
CAGR EPS = CAGR 5 EPS
Key Rate — 关键率
Excess Key Rate — 超出关键率的期望
EPS = -7.69
CAGR EPS = -211.67%
Key Rate = 0.0389
Excess Key Rate = 2
Price = 0 + (0 * -211.67% / 100) = 110.4

Price = (Terminal Value + Company Value) / Count shares
Price - 合理的价格
Terminal Value — 邮政过程中的费用
Company Value — 预测期内的成本
Count shares - 股票数量
Terminal Value = Discount Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = 0.0757
Ebitda Yield = -1.64
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - 债务服务
Debt - 债务，十亿
Weight Debt - 相对于债务的重量
Weight Cost Debt - 债务权重有关大写
Tax - 税
Interest Expense = 0.1
Debt = 2.62
Market Cap = 15.48
Weight Debt = Market Cap / (Market Cap + Debt) = 15.48 / (15.48 + 2.62) = 0.8552
Weight Cost Debt = 100% - 0.8552 = 0.1448
Tax = 0.21
Cost Of Equity — 贴现率
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — 盈利能力
β (beta) — 确定与市场有关的股份（资产）风险（资产），并显示了与市场收益变化有关的行动盈利能力变化的敏感性。 Beta系数不仅可以针对单独的操作计算，还可以计算投资组合。
Risk Premium — 高级风险 - 投资诉讼风险的奖励
Country Premium - 国家风险
k(f) = 3.01
β = 2.45
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3.01 + 2.45 * 5.94 + 0 = 0.1758
WACC = (0.1 / 2.62) * (100% - 0.8552) * (1 - 0.21) + 0.1758 + 0.8552 = 3.14
Terminal Value = Discount (0.0757 * (1 + -1.64) / (3.14 - -1.64)) = -0.0248
Company Value = ∑ (0.0757 / (1 + 3.14) ^ 5) = 0.3014
Price = (Terminal Value + Company Value) / Count shares = (-0.0248 + 0.3014) / 159000000 = 1.74

Price = (Terminal Value + Company Value) / Count shares
Price - 合理的价格
Terminal Value — 邮政过程中的费用
Company Value — 预测期内的成本
Count shares - 股票数量
Terminal Value = Discount FCF(5) * (1 + FCF Yield) / (WACC - FCF Yield)
Company Value = ∑ (Discount FCF / (1 + WACC) ^ 5)
Discount FCF(5) = 0.5911
FCF Yield = -0.0357
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - 债务服务
Debt - 债务，十亿
Weight Debt - 相对于债务的重量
Weight Cost Debt - 债务权重有关大写
Tax - 税
Interest Expense = 0.1
Debt = 2.62
Market Cap = 15.48
Weight Debt = Market Cap / (Market Cap + Debt) = 15.48 / (15.48 + 2.62) = 0.8552
Weight Cost Debt = 100% - 0.8552 = 0.1448
Tax = 0.21
Cost Of Equity — 贴现率
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — 盈利能力
β (beta) — 确定与市场有关的股份（资产）风险（资产），并显示了与市场收益变化有关的行动盈利能力变化的敏感性。 Beta系数不仅可以针对单独的操作计算，还可以计算投资组合。
Risk Premium — 高级风险 - 投资诉讼风险的奖励
Country Premium - 国家风险
k(f) = 3.01
β = 2.45
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3.01 + 2.45 * 5.94 + 0 = 0.1758
WACC = (0.1 / 2.62) * (100% - 0.8552) * (1 - 0.21) + 0.1758 + 0.8552 = 3.14
Terminal Value = Discount (0.5911 * (1 + -0.0357) / (3.14 - -0.0357)) = 7.28
Company Value = ∑ (0.5911 / (1 + 3.14) ^ 5) = 2.91
Price = (Terminal Value + Company Value) / Count shares = (7.28 + 2.91) / 159000000 = 64.07