NASDAQ: VREX - Varex Imaging Corporation

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 = -1.17
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 15.48 + (15.48 * 8.66% / 100) = 16.82

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) = 0.2003
Ebitda Yield = 0.2441
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 = 0.0311
Debt = 0.4704
Market Cap = 0.9353
Weight Debt = Market Cap / (Market Cap + Debt) = 0.9353 / (0.9353 + 0.4704) = 0.6654
Weight Cost Debt = 100% - 0.6654 = 0.3346
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 = 1.92
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 1.92 * 5.94 + 0 = 0.142
WACC = (0.0311 / 0.4704) * (100% - 0.6654) * (1 - 0.21) + 0.142 + 0.6654 = 5.28
Terminal Value = Discount (0.2003 * (1 + 0.2441) / (5.28 - 0.2441)) = 1.01
Company Value = ∑ (0.2003 / (1 + 5.28) ^ 5) = 0.57
Price = (Terminal Value + Company Value) / Count shares = (1.01 + 0.57) / 40800000 = 38.65

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) = 0.0634
FCF Yield = 0.2546
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 = 0.0311
Debt = 0.4704
Market Cap = 0.9353
Weight Debt = Market Cap / (Market Cap + Debt) = 0.9353 / (0.9353 + 0.4704) = 0.6654
Weight Cost Debt = 100% - 0.6654 = 0.3346
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 = 1.92
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 1.92 * 5.94 + 0 = 0.142
WACC = (0.0311 / 0.4704) * (100% - 0.6654) * (1 - 0.21) + 0.142 + 0.6654 = 5.28
Terminal Value = Discount (0.0634 * (1 + 0.2546) / (5.28 - 0.2546)) = 0.3048
Company Value = ∑ (0.0634 / (1 + 5.28) ^ 5) = 0.1779
Price = (Terminal Value + Company Value) / Count shares = (0.3048 + 0.1779) / 40800000 = 11.83