NASDAQ: INMD - InMode Ltd

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 = 2.3
CAGR EPS = 23.44%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 20.82 + (20.82 * 23.44% / 100) = 25.69

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) = 0.5183
Ebitda Yield = 0.2143
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 = 0.0036
Debt = 0.009
Market Cap = 3.12
Weight Debt = Market Cap / (Market Cap + Debt) = 3.12 / (3.12 + 0.009) = 0.9971
Weight Cost Debt = 100% - 0.9971 = 0.0029
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 = 0.875
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0.875 * 5.94 + 0 = 0.0795
WACC = (0.0036 / 0.009) * (100% - 0.9971) * (1 - 0.21) + 0.0795 + 0.9971 = 31.31
Terminal Value = Discount (0.5183 * (1 + 0.2143) / (31.31 - 0.2143)) = 1.63
Company Value = ∑ (0.5183 / (1 + 31.31) ^ 5) = 0.781
Price = (Terminal Value + Company Value) / Count shares = (1.63 + 0.781) / 85950000 = 28.09

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) = 0.4157
FCF Yield = 0.1874
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 = 0.0036
Debt = 0.009
Market Cap = 3.12
Weight Debt = Market Cap / (Market Cap + Debt) = 3.12 / (3.12 + 0.009) = 0.9971
Weight Cost Debt = 100% - 0.9971 = 0.0029
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 = 0.875
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0.875 * 5.94 + 0 = 0.0795
WACC = (0.0036 / 0.009) * (100% - 0.9971) * (1 - 0.21) + 0.0795 + 0.9971 = 31.31
Terminal Value = Discount (0.4157 * (1 + 0.1874) / (31.31 - 0.1874)) = 1.01
Company Value = ∑ (0.4157 / (1 + 31.31) ^ 5) = 0.6578
Price = (Terminal Value + Company Value) / Count shares = (1.01 + 0.6578) / 85950000 = 19.36