NASDAQ: OSUR - OraSure Technologies

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 = 0.7213
CAGR EPS = 21.91%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 5.4 + (5.4 * 21.91% / 100) = 6.58

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) = 0.576
Ebitda Yield = 0.5502
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 = 0.0104
Debt = 0.0135
Market Cap = 0.4889
Weight Debt = Market Cap / (Market Cap + Debt) = 0.4889 / (0.4889 + 0.0135) = 0.9731
Weight Cost Debt = 100% - 0.9731 = 0.0269
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 = -0.878
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -0.878 * 5.94 + 0 = -0.0222
WACC = (0.0104 / 0.0135) * (100% - 0.9731) * (1 - 0.21) + -0.0222 + 0.9731 = 60.23
Terminal Value = Discount (0.576 * (1 + 0.5502) / (60.23 - 0.5502)) = 1.62
Company Value = ∑ (0.576 / (1 + 60.23) ^ 5) = 0.2917
Price = (Terminal Value + Company Value) / Count shares = (1.62 + 0.2917) / 74390000 = 25.73

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) = 17.07
FCF Yield = 1.65
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 = 0.0104
Debt = 0.0135
Market Cap = 0.4889
Weight Debt = Market Cap / (Market Cap + Debt) = 0.4889 / (0.4889 + 0.0135) = 0.9731
Weight Cost Debt = 100% - 0.9731 = 0.0269
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 = -0.878
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -0.878 * 5.94 + 0 = -0.0222
WACC = (0.0104 / 0.0135) * (100% - 0.9731) * (1 - 0.21) + -0.0222 + 0.9731 = 60.23
Terminal Value = Discount (17.07 * (1 + 1.65) / (60.23 - 1.65)) = 4.09
Company Value = ∑ (17.07 / (1 + 60.23) ^ 5) = 3.76
Price = (Terminal Value + Company Value) / Count shares = (4.09 + 3.76) / 74390000 = 105.62