NASDAQ: RDWR - Radware Ltd.

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 = -0.5036
CAGR EPS = -201.39%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0 + (0 * -201.39% / 100) = 5.9

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) = 0.000923
Ebitda Yield = -1.54
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 = 0.0207
Market Cap = 0.7471
Weight Debt = Market Cap / (Market Cap + Debt) = 0.7471 / (0.7471 + 0.0207) = 0.973
Weight Cost Debt = 100% - 0.973 = 0.027
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 = 0.166
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 0.166 * 5.94 + 0 = 0.0399
WACC = (0.0081 / 0.0207) * (100% - 0.973) * (1 - 0.21) + 0.0399 + 0.973 = 30.65
Terminal Value = Discount (0.000923 * (1 + -1.54) / (30.65 - -1.54)) = -7.1E-5
Company Value = ∑ (0.000923 / (1 + 30.65) ^ 5) = 0.0058
Price = (Terminal Value + Company Value) / Count shares = (-7.1E-5 + 0.0058) / 42870000 = 0.1332

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) = 7.0E-5
FCF Yield = -1.38
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 = 0.0207
Market Cap = 0.7471
Weight Debt = Market Cap / (Market Cap + Debt) = 0.7471 / (0.7471 + 0.0207) = 0.973
Weight Cost Debt = 100% - 0.973 = 0.027
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 = 0.166
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 0.166 * 5.94 + 0 = 0.0399
WACC = (0.0081 / 0.0207) * (100% - 0.973) * (1 - 0.21) + 0.0399 + 0.973 = 30.65
Terminal Value = Discount (7.0E-5 * (1 + -1.38) / (30.65 - -1.38)) = 0
Company Value = ∑ (7.0E-5 / (1 + 30.65) ^ 5) = 0.002
Price = (Terminal Value + Company Value) / Count shares = (0 + 0.002) / 42870000 = 0.0468