NASDAQ: RUTH - Ruth's Hospitality Group, Inc.

Price = EPS * (1 + CAGR EPS) / (Key Rate * Excess Key Rate)
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 = 1.15
CAGR EPS = -3.27%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 1.15 * (1 + -3.27%) / (0.0433 * 2) = 12.88

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) = 0.0807
Ebitda Yield = 0.0077
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 = 0.0015
Debt = 0.2654
Market Cap = 0.6902
Weight Debt = Market Cap / (Market Cap + Debt) = 0.6902 / (0.6902 + 0.2654) = 0.7223
Weight Cost Debt = 100% - 0.7223 = 0.2777
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) = 2.89
β = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 0 * 5.94 + 0 = 0.0289
WACC = (0.0015 / 0.2654) * (100% - 0.7223) * (1 - 0.21) + 0.0289 + 0.7223 = 0.4641
Terminal Value = Discount (0.0807 * (1 + 0.0077) / (0.4641 - 0.0077)) = 25.71
Company Value = ∑ (0.0807 / (1 + 0.4641) ^ 5) = 0.3918
Price = (Terminal Value + Company Value) / Count shares = (25.71 + 0.3918) / 33500000 = 779.07

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 FCF(5) * (1 + FCF Yield) / (WACC - FCF Yield)
Company Value = ∑ (Discount FCF / (1 + WACC) ^ 5)
Discount FCF(5) = 0.0308
FCF Yield = -0.0251
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 = 0.0015
Debt = 0.2654
Market Cap = 0.6902
Weight Debt = Market Cap / (Market Cap + Debt) = 0.6902 / (0.6902 + 0.2654) = 0.7223
Weight Cost Debt = 100% - 0.7223 = 0.2777
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) = 2.89
β = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 0 * 5.94 + 0 = 0.0289
WACC = (0.0015 / 0.2654) * (100% - 0.7223) * (1 - 0.21) + 0.0289 + 0.7223 = 0.4641
Terminal Value = Discount (0.0308 * (1 + -0.0251) / (0.4641 - -0.0251)) = 0.988
Company Value = ∑ (0.0308 / (1 + 0.4641) ^ 5) = 0.1599
Price = (Terminal Value + Company Value) / Count shares = (0.988 + 0.1599) / 33500000 = 34.27