NASDAQ: MULN - Mullen Automotive, 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 = -15861.63
CAGR EPS = 519.38%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 389.74 + (389.74 * 519.38% / 100) = 2413.98

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) = -12.18
Ebitda Yield = 0.9014
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 = 0.005
Debt = 0.0132
Market Cap = 0.1185
Weight Debt = Market Cap / (Market Cap + Debt) = 0.1185 / (0.1185 + 0.0132) = 0.9
Weight Cost Debt = 100% - 0.9 = 0.1
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) = 3
β = -9.17
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -9.17 * 5.94 + 0 = -0.5148
WACC = (0.005 / 0.0132) * (100% - 0.9) * (1 - 0.21) + -0.5148 + 0.9 = 29.23
Terminal Value = Discount (-12.18 * (1 + 0.9014) / (29.23 - 0.9014)) = -10.55
Company Value = ∑ (-12.18 / (1 + 29.23) ^ 5) = -9.02
Price = (Terminal Value + Company Value) / Count shares = (-10.55 + -9.02) / 61300 = -319123.98

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 FCF(5) * (1 + FCF Yield) / (WACC - FCF Yield)
Company Value = ∑ (Discount FCF / (1 + WACC) ^ 5)
Discount FCF(5) = -11.19
FCF Yield = 1.08
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 = 0.005
Debt = 0.0132
Market Cap = 0.1185
Weight Debt = Market Cap / (Market Cap + Debt) = 0.1185 / (0.1185 + 0.0132) = 0.9
Weight Cost Debt = 100% - 0.9 = 0.1
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) = 3
β = -9.17
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -9.17 * 5.94 + 0 = -0.5148
WACC = (0.005 / 0.0132) * (100% - 0.9) * (1 - 0.21) + -0.5148 + 0.9 = 29.23
Terminal Value = Discount (-11.19 * (1 + 1.08) / (29.23 - 1.08)) = -8.2
Company Value = ∑ (-11.19 / (1 + 29.23) ^ 5) = -7.44
Price = (Terminal Value + Company Value) / Count shares = (-8.2 + -7.44) / 61300 = -255018.4