NASDAQ: SILK - Silk Road Medical, Inc

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 = -1.44
CAGR EPS = 9.16%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 17.56 + (17.56 * 9.16% / 100) = 19.17

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) = -0.0643
Ebitda Yield = 0.0299
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 = 0.0069
Debt = 0.0773
Market Cap = 0.8252
Weight Debt = Market Cap / (Market Cap + Debt) = 0.8252 / (0.8252 + 0.0773) = 0.9143
Weight Cost Debt = 100% - 0.9143 = 0.0857
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 = 2.8
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 2.8 * 5.94 + 0 = 0.1924
WACC = (0.0069 / 0.0773) * (100% - 0.9143) * (1 - 0.21) + 0.1924 + 0.9143 = 7.13
Terminal Value = Discount (-0.0643 * (1 + 0.0299) / (7.13 - 0.0299)) = -1.13
Company Value = ∑ (-0.0643 / (1 + 7.13) ^ 5) = -0.2469
Price = (Terminal Value + Company Value) / Count shares = (-1.13 + -0.2469) / 38800000 = -35.59

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) = -0.0365
FCF Yield = 0.0172
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 = 0.0069
Debt = 0.0773
Market Cap = 0.8252
Weight Debt = Market Cap / (Market Cap + Debt) = 0.8252 / (0.8252 + 0.0773) = 0.9143
Weight Cost Debt = 100% - 0.9143 = 0.0857
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 = 2.8
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 2.8 * 5.94 + 0 = 0.1924
WACC = (0.0069 / 0.0773) * (100% - 0.9143) * (1 - 0.21) + 0.1924 + 0.9143 = 7.13
Terminal Value = Discount (-0.0365 * (1 + 0.0172) / (7.13 - 0.0172)) = -0.4859
Company Value = ∑ (-0.0365 / (1 + 7.13) ^ 5) = -0.1438
Price = (Terminal Value + Company Value) / Count shares = (-0.4859 + -0.1438) / 38800000 = -16.23