NASDAQ: PTON - Peloton Interactive, 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 = -1.51
CAGR EPS = 36%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 6.67 + (6.67 * 36% / 100) = 9.07

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) = -1.46
Ebitda Yield = 0.3837
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 = 0.1125
Debt = 2.08
Market Cap = 2.48
Weight Debt = Market Cap / (Market Cap + Debt) = 2.48 / (2.48 + 2.08) = 0.544
Weight Cost Debt = 100% - 0.544 = 0.456
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) = 2.6
β = 18.97
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 18.97 * 5.94 + 0 = 1.15
WACC = (0.1125 / 2.08) * (100% - 0.544) * (1 - 0.21) + 1.15 + 0.544 = 4.88
Terminal Value = Discount (-1.46 * (1 + 0.3837) / (4.88 - 0.3837)) = -4.77
Company Value = ∑ (-1.46 / (1 + 4.88) ^ 5) = -3.57
Price = (Terminal Value + Company Value) / Count shares = (-4.77 + -3.57) / 346670000 = -24.06

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) = 0.0018
FCF Yield = -1.46
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 = 0.1125
Debt = 2.08
Market Cap = 2.48
Weight Debt = Market Cap / (Market Cap + Debt) = 2.48 / (2.48 + 2.08) = 0.544
Weight Cost Debt = 100% - 0.544 = 0.456
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) = 2.6
β = 18.97
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 18.97 * 5.94 + 0 = 1.15
WACC = (0.1125 / 2.08) * (100% - 0.544) * (1 - 0.21) + 1.15 + 0.544 = 4.88
Terminal Value = Discount (0.0018 * (1 + -1.46) / (4.88 - -1.46)) = -0.000439
Company Value = ∑ (0.0018 / (1 + 4.88) ^ 5) = 0.0267
Price = (Terminal Value + Company Value) / Count shares = (-0.000439 + 0.0267) / 346670000 = 0.0758