NASDAQ: SWAV - ShockWave Medical, 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 = 3.85
CAGR EPS = 30.61%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 3.85 * (1 + 30.61%) / (0.0433 * 2) = 58.14

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) = 0.7272
Ebitda Yield = 0.3276
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 = 0.0062
Debt = 0.7355
Market Cap = 8.12
Weight Debt = Market Cap / (Market Cap + Debt) = 8.12 / (8.12 + 0.7355) = 0.9169
Weight Cost Debt = 100% - 0.9169 = 0.0831
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) = 2.39
β = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.39 + 0 * 5.94 + 0 = 0.0239
WACC = (0.0062 / 0.7355) * (100% - 0.9169) * (1 - 0.21) + 0.0239 + 0.9169 = 0.6812
Terminal Value = Discount (0.7272 * (1 + 0.3276) / (0.6812 - 0.3276)) = 2.91
Company Value = ∑ (0.7272 / (1 + 0.6812) ^ 5) = 2.18
Price = (Terminal Value + Company Value) / Count shares = (2.91 + 2.18) / 38210000 = 133.18

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) = 0.6431
FCF Yield = 0.312
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 = 0.0062
Debt = 0.7355
Market Cap = 8.12
Weight Debt = Market Cap / (Market Cap + Debt) = 8.12 / (8.12 + 0.7355) = 0.9169
Weight Cost Debt = 100% - 0.9169 = 0.0831
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) = 2.39
β = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.39 + 0 * 5.94 + 0 = 0.0239
WACC = (0.0062 / 0.7355) * (100% - 0.9169) * (1 - 0.21) + 0.0239 + 0.9169 = 0.6812
Terminal Value = Discount (0.6431 * (1 + 0.312) / (0.6812 - 0.312)) = 2.67
Company Value = ∑ (0.6431 / (1 + 0.6812) ^ 5) = 1.96
Price = (Terminal Value + Company Value) / Count shares = (2.67 + 1.96) / 38210000 = 121.28