NASDAQ: MTSI - MACOM Technology Solutions Holdings, Inc.

Price = EPS * (1 + CAGR EPS) / (Key Rate * Excess Key Rate)
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 = 1.04
CAGR EPS = 28.58%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 1.04 * (1 + 28.58%) / (0.0433 * 2) = 15.51

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) = 0.3481
Ebitda Yield = 0.1626
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 = 0.0051
Debt = 0.4878
Market Cap = 5.1
Weight Debt = Market Cap / (Market Cap + Debt) = 5.1 / (5.1 + 0.4878) = 0.9127
Weight Cost Debt = 100% - 0.9127 = 0.0873
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 = 1.64
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 1.64 * 5.94 + 0 = 0.1254
WACC = (0.0051 / 0.4878) * (100% - 0.9127) * (1 - 0.21) + 0.1254 + 0.9127 = 0.9387
Terminal Value = Discount (0.3481 * (1 + 0.1626) / (0.9387 - 0.1626)) = 2.52
Company Value = ∑ (0.3481 / (1 + 0.9387) ^ 5) = 1.28
Price = (Terminal Value + Company Value) / Count shares = (2.52 + 1.28) / 73580000 = 51.63

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) = 0.1301
FCF Yield = -0.0149
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 = 0.0051
Debt = 0.4878
Market Cap = 5.1
Weight Debt = Market Cap / (Market Cap + Debt) = 5.1 / (5.1 + 0.4878) = 0.9127
Weight Cost Debt = 100% - 0.9127 = 0.0873
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 = 1.64
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 1.64 * 5.94 + 0 = 0.1254
WACC = (0.0051 / 0.4878) * (100% - 0.9127) * (1 - 0.21) + 0.1254 + 0.9127 = 0.9387
Terminal Value = Discount (0.1301 * (1 + -0.0149) / (0.9387 - -0.0149)) = 5.04
Company Value = ∑ (0.1301 / (1 + 0.9387) ^ 5) = 0.652
Price = (Terminal Value + Company Value) / Count shares = (5.04 + 0.652) / 73580000 = 77.35