NASDAQ: SYNA - Synaptics

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 = 3.16
CAGR EPS = -1.49%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 3.16 * (1 + -1.49%) / (0.0433 * 2) = 35.99

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) = 0.014
Ebitda Yield = -0.2249
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 = 0.0653
Debt = 1.02
Market Cap = 3.49
Weight Debt = Market Cap / (Market Cap + Debt) = 3.49 / (3.49 + 1.02) = 0.7734
Weight Cost Debt = 100% - 0.7734 = 0.2266
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 = 1.54
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 1.54 * 5.94 + 0 = 0.1196
WACC = (0.0653 / 1.02) * (100% - 0.7734) * (1 - 0.21) + 0.1196 + 0.7734 = 5.1
Terminal Value = Discount (0.014 * (1 + -0.2249) / (5.1 - -0.2249)) = 0.0306
Company Value = ∑ (0.014 / (1 + 5.1) ^ 5) = 0.1096
Price = (Terminal Value + Company Value) / Count shares = (0.0306 + 0.1096) / 39700000 = 3.53

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) = 0.000171
FCF Yield = -1.35
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 = 0.0653
Debt = 1.02
Market Cap = 3.49
Weight Debt = Market Cap / (Market Cap + Debt) = 3.49 / (3.49 + 1.02) = 0.7734
Weight Cost Debt = 100% - 0.7734 = 0.2266
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 = 1.54
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 1.54 * 5.94 + 0 = 0.1196
WACC = (0.0653 / 1.02) * (100% - 0.7734) * (1 - 0.21) + 0.1196 + 0.7734 = 5.1
Terminal Value = Discount (0.000171 * (1 + -1.35) / (5.1 - -1.35)) = -3.3E-5
Company Value = ∑ (0.000171 / (1 + 5.1) ^ 5) = 0.008
Price = (Terminal Value + Company Value) / Count shares = (-3.3E-5 + 0.008) / 39700000 = 0.2003