NASDAQ: PODD - Insulet Corporation

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 = 2.8
CAGR EPS = 71.29%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 2.8 * (1 + 71.29%) / (0.0433 * 2) = 55.42

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) = 1.09
Ebitda Yield = 0.2746
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 = 0.0362
Debt = 1.42
Market Cap = 14.32
Weight Debt = Market Cap / (Market Cap + Debt) = 14.32 / (14.32 + 1.42) = 0.9098
Weight Cost Debt = 100% - 0.9098 = 0.0902
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) = 2.89
β = 2.1
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 2.1 * 5.94 + 0 = 0.1537
WACC = (0.0362 / 1.42) * (100% - 0.9098) * (1 - 0.21) + 0.1537 + 0.9098 = 2.14
Terminal Value = Discount (1.09 * (1 + 0.2746) / (2.14 - 0.2746)) = 4.93
Company Value = ∑ (1.09 / (1 + 2.14) ^ 5) = 3.3
Price = (Terminal Value + Company Value) / Count shares = (4.93 + 3.3) / 73630000 = 111.78

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) = 0.077
FCF Yield = 0.1609
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 = 0.0362
Debt = 1.42
Market Cap = 14.32
Weight Debt = Market Cap / (Market Cap + Debt) = 14.32 / (14.32 + 1.42) = 0.9098
Weight Cost Debt = 100% - 0.9098 = 0.0902
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) = 2.89
β = 2.1
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 2.1 * 5.94 + 0 = 0.1537
WACC = (0.0362 / 1.42) * (100% - 0.9098) * (1 - 0.21) + 0.1537 + 0.9098 = 2.14
Terminal Value = Discount (0.077 * (1 + 0.1609) / (2.14 - 0.1609)) = 0.5761
Company Value = ∑ (0.077 / (1 + 2.14) ^ 5) = 0.2724
Price = (Terminal Value + Company Value) / Count shares = (0.5761 + 0.2724) / 73630000 = 11.52