NASDAQ: MVIS - MicroVision, 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 = -0.4532
CAGR EPS = 15.22%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 1.39 + (1.39 * 15.22% / 100) = 1.6

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) = -0.202
Ebitda Yield = 0.2004
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 = 0.000799
Debt = 0.015
Market Cap = 0.4995
Weight Debt = Market Cap / (Market Cap + Debt) = 0.4995 / (0.4995 + 0.015) = 0.9708
Weight Cost Debt = 100% - 0.9708 = 0.0292
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) = 2.39
β = -1.17
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.39 + -1.17 * 5.94 + 0 = -0.0459
WACC = (0.000799 / 0.015) * (100% - 0.9708) * (1 - 0.21) + -0.0459 + 0.9708 = 4.11
Terminal Value = Discount (-0.202 * (1 + 0.2004) / (4.11 - 0.2004)) = -1.24
Company Value = ∑ (-0.202 / (1 + 4.11) ^ 5) = -0.6338
Price = (Terminal Value + Company Value) / Count shares = (-1.24 + -0.6338) / 182800000 = -10.28

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) = -0.1591
FCF Yield = 0.1818
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 = 0.000799
Debt = 0.015
Market Cap = 0.4995
Weight Debt = Market Cap / (Market Cap + Debt) = 0.4995 / (0.4995 + 0.015) = 0.9708
Weight Cost Debt = 100% - 0.9708 = 0.0292
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) = 2.39
β = -1.17
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.39 + -1.17 * 5.94 + 0 = -0.0459
WACC = (0.000799 / 0.015) * (100% - 0.9708) * (1 - 0.21) + -0.0459 + 0.9708 = 4.11
Terminal Value = Discount (-0.1591 * (1 + 0.1818) / (4.11 - 0.1818)) = -1.09
Company Value = ∑ (-0.1591 / (1 + 4.11) ^ 5) = -0.5129
Price = (Terminal Value + Company Value) / Count shares = (-1.09 + -0.5129) / 182800000 = -8.78