NASDAQ: ROKU - Roku

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 = -5.01
CAGR EPS = 57.31%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 75.09 + (75.09 * 57.31% / 100) = 118.12

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 Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = -1.58
Ebitda Yield = 0.3868
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 = 0.00073
Debt = 0.6543
Market Cap = 11.22
Weight Debt = Market Cap / (Market Cap + Debt) = 11.22 / (11.22 + 0.6543) = 0.9449
Weight Cost Debt = 100% - 0.9449 = 0.0551
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 = 4.62
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 4.62 * 5.94 + 0 = 0.3006
WACC = (0.00073 / 0.6543) * (100% - 0.9449) * (1 - 0.21) + 0.3006 + 0.9449 = 0.3714
Terminal Value = Discount (-1.58 * (1 + 0.3868) / (0.3714 - 0.3868)) = -5.62
Company Value = ∑ (-1.58 / (1 + 0.3714) ^ 5) = -4.5
Price = (Terminal Value + Company Value) / Count shares = (-5.62 + -4.5) / 141570000 = -71.5

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) = 0.5907
FCF Yield = 0.278
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 = 0.00073
Debt = 0.6543
Market Cap = 11.22
Weight Debt = Market Cap / (Market Cap + Debt) = 11.22 / (11.22 + 0.6543) = 0.9449
Weight Cost Debt = 100% - 0.9449 = 0.0551
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 = 4.62
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 4.62 * 5.94 + 0 = 0.3006
WACC = (0.00073 / 0.6543) * (100% - 0.9449) * (1 - 0.21) + 0.3006 + 0.9449 = 0.3714
Terminal Value = Discount (0.5907 * (1 + 0.278) / (0.3714 - 0.278)) = 2.7
Company Value = ∑ (0.5907 / (1 + 0.3714) ^ 5) = 1.89
Price = (Terminal Value + Company Value) / Count shares = (2.7 + 1.89) / 141570000 = 32.46