NASDAQ: REE - REE Automotive 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 = -11.32
CAGR EPS = 195.79%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 7.13 + (7.13 * 195.79% / 100) = 21.08

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) = -0.6542
Ebitda Yield = 0.4181
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 = 0.0418
Debt = 0.0222
Market Cap = 0.0452
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0452 / (0.0452 + 0.0222) = 0.6703
Weight Cost Debt = 100% - 0.6703 = 0.3297
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 = 7.95
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 7.95 * 5.94 + 0 = 0.502
WACC = (0.0418 / 0.0222) * (100% - 0.6703) * (1 - 0.21) + 0.502 + 0.6703 = 147.85
Terminal Value = Discount (-0.6542 * (1 + 0.4181) / (147.85 - 0.4181)) = -0.0094
Company Value = ∑ (-0.6542 / (1 + 147.85) ^ 5) = -0.1432
Price = (Terminal Value + Company Value) / Count shares = (-0.0094 + -0.1432) / 10090000 = -15.12

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) = -0.8124
FCF Yield = 0.5426
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 = 0.0418
Debt = 0.0222
Market Cap = 0.0452
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0452 / (0.0452 + 0.0222) = 0.6703
Weight Cost Debt = 100% - 0.6703 = 0.3297
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 = 7.95
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 7.95 * 5.94 + 0 = 0.502
WACC = (0.0418 / 0.0222) * (100% - 0.6703) * (1 - 0.21) + 0.502 + 0.6703 = 147.85
Terminal Value = Discount (-0.8124 * (1 + 0.5426) / (147.85 - 0.5426)) = -0.0143
Company Value = ∑ (-0.8124 / (1 + 147.85) ^ 5) = -0.139
Price = (Terminal Value + Company Value) / Count shares = (-0.0143 + -0.139) / 10090000 = -15.19