NASDAQ: LUCY - Innovative Eyewear, 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 = -12.67
CAGR EPS = 270.89%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 5.5 + (5.5 * 270.89% / 100) = 20.39

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) = -0.2183
Ebitda Yield = 1.01
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
Debt = 6.1E-5
Market Cap = 0.011
Weight Debt = Market Cap / (Market Cap + Debt) = 0.011 / (0.011 + 6.1E-5) = 0.9945
Weight Cost Debt = 100% - 0.9945 = 0.0054999999999999
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) = 2.82
β = 5.23
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 5.23 * 5.94 + 0 = 0.3389
WACC = (0 / 6.1E-5) * (100% - 0.9945) * (1 - 0.21) + 0.3389 + 0.9945 = 4.23
Terminal Value = Discount (-0.2183 * (1 + 1.01) / (4.23 - 1.01)) = -0.3677
Company Value = ∑ (-0.2183 / (1 + 4.23) ^ 5) = -0.3541
Price = (Terminal Value + Company Value) / Count shares = (-0.3677 + -0.3541) / 12920000 = -55.87

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) = -0.5121
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
Debt = 6.1E-5
Market Cap = 0.011
Weight Debt = Market Cap / (Market Cap + Debt) = 0.011 / (0.011 + 6.1E-5) = 0.9945
Weight Cost Debt = 100% - 0.9945 = 0.0054999999999999
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) = 2.82
β = 5.23
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 5.23 * 5.94 + 0 = 0.3389
WACC = (0 / 6.1E-5) * (100% - 0.9945) * (1 - 0.21) + 0.3389 + 0.9945 = 4.23
Terminal Value = Discount (-0.5121 * (1 + 1.43) / (4.23 - 1.43)) = -0.7285
Company Value = ∑ (-0.5121 / (1 + 4.23) ^ 5) = -0.7179
Price = (Terminal Value + Company Value) / Count shares = (-0.7285 + -0.7179) / 12920000 = -111.95