NASDAQ: RIDE - Lordstown Motors Corp.

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 = -1.35
CAGR EPS = 88.26%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 3.35 + (3.35 * 88.26% / 100) = 6.31

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) = -0.8578
Ebitda Yield = 0.4941
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 = 0.0032
Debt = 0.0135
Market Cap = 0.0377
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0377 / (0.0377 + 0.0135) = 0.7363
Weight Cost Debt = 100% - 0.7363 = 0.2637
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 = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 0 * 5.94 + 0 = 0.026
WACC = (0.0032 / 0.0135) * (100% - 0.7363) * (1 - 0.21) + 0.026 + 0.7363 = 18.61
Terminal Value = Discount (-0.8578 * (1 + 0.4941) / (18.61 - 0.4941)) = -1.77
Company Value = ∑ (-0.8578 / (1 + 18.61) ^ 5) = -1.21
Price = (Terminal Value + Company Value) / Count shares = (-1.77 + -1.21) / 208680000 = -14.31

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) = -5.4
FCF Yield = 0.8908
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 = 0.0032
Debt = 0.0135
Market Cap = 0.0377
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0377 / (0.0377 + 0.0135) = 0.7363
Weight Cost Debt = 100% - 0.7363 = 0.2637
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 = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 0 * 5.94 + 0 = 0.026
WACC = (0.0032 / 0.0135) * (100% - 0.7363) * (1 - 0.21) + 0.026 + 0.7363 = 18.61
Terminal Value = Discount (-5.4 * (1 + 0.8908) / (18.61 - 0.8908)) = -6.17
Company Value = ∑ (-5.4 / (1 + 18.61) ^ 5) = -5.57
Price = (Terminal Value + Company Value) / Count shares = (-6.17 + -5.57) / 208680000 = -56.3