NASDAQ: SEDG - SolarEdge Technologies, 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 = 0.5998
CAGR EPS = -27.13%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0.5998 * (1 + -27.13%) / (0.0433 * 2) = 5.05

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) = 0.1021
Ebitda Yield = -0.0644
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 = 0.0042
Debt = 0.6483
Market Cap = 9.18
Weight Debt = Market Cap / (Market Cap + Debt) = 9.18 / (9.18 + 0.6483) = 0.934
Weight Cost Debt = 100% - 0.934 = 0.066
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) = 2.75
β = -2.94
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -2.94 * 5.94 + 0 = -0.1472
WACC = (0.0042 / 0.6483) * (100% - 0.934) * (1 - 0.21) + -0.1472 + 0.934 = 0.3694
Terminal Value = Discount (0.1021 * (1 + -0.0644) / (0.3694 - -0.0644)) = 1.38
Company Value = ∑ (0.1021 / (1 + 0.3694) ^ 5) = 0.5799
Price = (Terminal Value + Company Value) / Count shares = (1.38 + 0.5799) / 57240000 = 34.2

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) = 0.0667
FCF Yield = -1.71
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 = 0.0042
Debt = 0.6483
Market Cap = 9.18
Weight Debt = Market Cap / (Market Cap + Debt) = 9.18 / (9.18 + 0.6483) = 0.934
Weight Cost Debt = 100% - 0.934 = 0.066
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) = 2.75
β = -2.94
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -2.94 * 5.94 + 0 = -0.1472
WACC = (0.0042 / 0.6483) * (100% - 0.934) * (1 - 0.21) + -0.1472 + 0.934 = 0.3694
Terminal Value = Discount (0.0667 * (1 + -1.71) / (0.3694 - -1.71)) = -0.0272
Company Value = ∑ (0.0667 / (1 + 0.3694) ^ 5) = 0.1772
Price = (Terminal Value + Company Value) / Count shares = (-0.0272 + 0.1772) / 57240000 = 2.62