NASDAQ: SNBR - Sleep Number

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 = -0.6816
CAGR EPS = -175.93%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0 + (0 * -175.93% / 100) = 5.98

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) = 0.0593
Ebitda Yield = -0.0907
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 = 0.0427
Debt = 0.9727
Market Cap = 0.5567
Weight Debt = Market Cap / (Market Cap + Debt) = 0.5567 / (0.5567 + 0.9727) = 0.364
Weight Cost Debt = 100% - 0.364 = 0.636
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) = 2.82
β = 5.7
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 5.7 * 5.94 + 0 = 0.3666
WACC = (0.0427 / 0.9727) * (100% - 0.364) * (1 - 0.21) + 0.3666 + 0.364 = 3.59
Terminal Value = Discount (0.0593 * (1 + -0.0907) / (3.59 - -0.0907)) = 0.357
Company Value = ∑ (0.0593 / (1 + 3.59) ^ 5) = 0.3279
Price = (Terminal Value + Company Value) / Count shares = (0.357 + 0.3279) / 22430000 = 30.54

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) = 0.002
FCF Yield = -1.5
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 = 0.0427
Debt = 0.9727
Market Cap = 0.5567
Weight Debt = Market Cap / (Market Cap + Debt) = 0.5567 / (0.5567 + 0.9727) = 0.364
Weight Cost Debt = 100% - 0.364 = 0.636
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) = 2.82
β = 5.7
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 5.7 * 5.94 + 0 = 0.3666
WACC = (0.0427 / 0.9727) * (100% - 0.364) * (1 - 0.21) + 0.3666 + 0.364 = 3.59
Terminal Value = Discount (0.002 * (1 + -1.5) / (3.59 - -1.5)) = -0.000556
Company Value = ∑ (0.002 / (1 + 3.59) ^ 5) = 0.022
Price = (Terminal Value + Company Value) / Count shares = (-0.000556 + 0.022) / 22430000 = 0.9576