NASDAQ: USEG - U.S. Energy Corp.

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 = -1.28
CAGR EPS = 8.41%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 1.42 + (1.42 * 8.41% / 100) = 1.53

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 Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = 0.0222
Ebitda Yield = 0.4867
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 = 0.0011
Debt = 0.0052
Market Cap = 0.0398
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0398 / (0.0398 + 0.0052) = 0.8848
Weight Cost Debt = 100% - 0.8848 = 0.1152
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 = 2.1
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 2.1 * 5.94 + 0 = 0.1525
WACC = (0.0011 / 0.0052) * (100% - 0.8848) * (1 - 0.21) + 0.1525 + 0.8848 = 16.97
Terminal Value = Discount (0.0222 * (1 + 0.4867) / (16.97 - 0.4867)) = 0.0474
Company Value = ∑ (0.0222 / (1 + 16.97) ^ 5) = 0.0331
Price = (Terminal Value + Company Value) / Count shares = (0.0474 + 0.0331) / 25320000 = 3.18

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) = 0.0038
FCF Yield = 0.1892
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 = 0.0011
Debt = 0.0052
Market Cap = 0.0398
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0398 / (0.0398 + 0.0052) = 0.8848
Weight Cost Debt = 100% - 0.8848 = 0.1152
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 = 2.1
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 2.1 * 5.94 + 0 = 0.1525
WACC = (0.0011 / 0.0052) * (100% - 0.8848) * (1 - 0.21) + 0.1525 + 0.8848 = 16.97
Terminal Value = Discount (0.0038 * (1 + 0.1892) / (16.97 - 0.1892)) = 0.1061
Company Value = ∑ (0.0038 / (1 + 16.97) ^ 5) = 0.0084
Price = (Terminal Value + Company Value) / Count shares = (0.1061 + 0.0084) / 25320000 = 4.52