NASDAQ: PPYA - Papaya Growth Opportunity Corp. I

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 = 0.5055
CAGR EPS = 747.14%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 10.88 + (10.88 * 747.14% / 100) = 92.17

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) = 156.86
Ebitda Yield = 5.36
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 = 0.0081
Debt = 0.0026
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.0026) = 0
Weight Cost Debt = 100% - 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) = 2.75
β = 0.0584
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0.0584 * 5.94 + 0 = 0.031
WACC = (0.0081 / 0.0026) * (100% - 0) * (1 - 0.21) + 0.031 + 0 = 243.86
Terminal Value = Discount (156.86 * (1 + 5.36) / (243.86 - 5.36)) = 0.7098
Company Value = ∑ (156.86 / (1 + 243.86) ^ 5) = 0.6772
Price = (Terminal Value + Company Value) / Count shares = (0.7098 + 0.6772) / 21420000 = 64.75

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) = 9.1
FCF Yield = -5.61
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 = 0.0081
Debt = 0.0026
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.0026) = 0
Weight Cost Debt = 100% - 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) = 2.75
β = 0.0584
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0.0584 * 5.94 + 0 = 0.031
WACC = (0.0081 / 0.0026) * (100% - 0) * (1 - 0.21) + 0.031 + 0 = 243.86
Terminal Value = Discount (9.1 * (1 + -5.61) / (243.86 - -5.61)) = -0.0108
Company Value = ∑ (9.1 / (1 + 243.86) ^ 5) = 0.0133
Price = (Terminal Value + Company Value) / Count shares = (-0.0108 + 0.0133) / 21420000 = 0.1165