NASDAQ: VIOT - Viomi Technology Co., Ltd

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 = -1.23
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 1.11 + (1.11 * 8.66% / 100) = 1.2

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) = 0.00042
Ebitda Yield = -1.38
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 = 0.0027
Debt = 0.2591
Market Cap = 0.064
Weight Debt = Market Cap / (Market Cap + Debt) = 0.064 / (0.064 + 0.2591) = 0.1981
Weight Cost Debt = 100% - 0.1981 = 0.8019
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 = -7.64
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + -7.64 * 5.94 + 0 = -0.4256
WACC = (0.0027 / 0.2591) * (100% - 0.1981) * (1 - 0.21) + -0.4256 + 0.1981 = 0.7372
Terminal Value = Discount (0.00042 * (1 + -1.38) / (0.7372 - -1.38)) = -0.000111
Company Value = ∑ (0.00042 / (1 + 0.7372) ^ 5) = 0.0149
Price = (Terminal Value + Company Value) / Count shares = (-0.000111 + 0.0149) / 68790000 = 0.2154

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) = 0.0221
FCF Yield = -1.63
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 = 0.0027
Debt = 0.2591
Market Cap = 0.064
Weight Debt = Market Cap / (Market Cap + Debt) = 0.064 / (0.064 + 0.2591) = 0.1981
Weight Cost Debt = 100% - 0.1981 = 0.8019
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 = -7.64
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + -7.64 * 5.94 + 0 = -0.4256
WACC = (0.0027 / 0.2591) * (100% - 0.1981) * (1 - 0.21) + -0.4256 + 0.1981 = 0.7372
Terminal Value = Discount (0.0221 * (1 + -1.63) / (0.7372 - -1.63)) = -0.0082
Company Value = ∑ (0.0221 / (1 + 0.7372) ^ 5) = 0.0919
Price = (Terminal Value + Company Value) / Count shares = (-0.0082 + 0.0919) / 68790000 = 1.22