NASDAQ: SONM - Sonim Technologies, 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 = -0.0022
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 5.52 + (5.52 * 8.66% / 100) = 6

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) = 0.0046
Ebitda Yield = 0.1291
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 = 1.5E-5
Debt = 5.5E-5
Market Cap = 0.041
Weight Debt = Market Cap / (Market Cap + Debt) = 0.041 / (0.041 + 5.5E-5) = 0.9987
Weight Cost Debt = 100% - 0.9987 = 0.0013
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 = 2.99
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 2.99 * 5.94 + 0 = 0.2054
WACC = (1.5E-5 / 5.5E-5) * (100% - 0.9987) * (1 - 0.21) + 0.2054 + 0.9987 = 21.54
Terminal Value = Discount (0.0046 * (1 + 0.1291) / (21.54 - 0.1291)) = 0.0227
Company Value = ∑ (0.0046 / (1 + 21.54) ^ 5) = 0.0101
Price = (Terminal Value + Company Value) / Count shares = (0.0227 + 0.0101) / 41690000 = 0.7866

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) = -0.000797
FCF Yield = -0.279
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 = 1.5E-5
Debt = 5.5E-5
Market Cap = 0.041
Weight Debt = Market Cap / (Market Cap + Debt) = 0.041 / (0.041 + 5.5E-5) = 0.9987
Weight Cost Debt = 100% - 0.9987 = 0.0013
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 = 2.99
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 2.99 * 5.94 + 0 = 0.2054
WACC = (1.5E-5 / 5.5E-5) * (100% - 0.9987) * (1 - 0.21) + 0.2054 + 0.9987 = 21.54
Terminal Value = Discount (-0.000797 * (1 + -0.279) / (21.54 - -0.279)) = -0.000438
Company Value = ∑ (-0.000797 / (1 + 21.54) ^ 5) = -0.0055
Price = (Terminal Value + Company Value) / Count shares = (-0.000438 + -0.0055) / 41690000 = -0.143