NASDAQ: VRM - Vroom, Inc.

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 = -209.7
CAGR EPS = 134.93%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 20.05 + (20.05 * 134.93% / 100) = 47.11

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) = -0.5381
Ebitda Yield = 0.1423
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 = 0.0454
Debt = 1.21
Market Cap = 0.1704
Weight Debt = Market Cap / (Market Cap + Debt) = 0.1704 / (0.1704 + 1.21) = 0.1236
Weight Cost Debt = 100% - 0.1236 = 0.8764
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) = 2.89
β = -2.81
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -2.81 * 5.94 + 0 = -0.138
WACC = (0.0454 / 1.21) * (100% - 0.1236) * (1 - 0.21) + -0.138 + 0.1236 = 2.95
Terminal Value = Discount (-0.5381 * (1 + 0.1423) / (2.95 - 0.1423)) = -4.71
Company Value = ∑ (-0.5381 / (1 + 2.95) ^ 5) = -1.91
Price = (Terminal Value + Company Value) / Count shares = (-4.71 + -1.91) / 1743100 = -3799.86

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) = -1.16
FCF Yield = 0.1612
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 = 0.0454
Debt = 1.21
Market Cap = 0.1704
Weight Debt = Market Cap / (Market Cap + Debt) = 0.1704 / (0.1704 + 1.21) = 0.1236
Weight Cost Debt = 100% - 0.1236 = 0.8764
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) = 2.89
β = -2.81
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -2.81 * 5.94 + 0 = -0.138
WACC = (0.0454 / 1.21) * (100% - 0.1236) * (1 - 0.21) + -0.138 + 0.1236 = 2.95
Terminal Value = Discount (-1.16 * (1 + 0.1612) / (2.95 - 0.1612)) = -8.83
Company Value = ∑ (-1.16 / (1 + 2.95) ^ 5) = -3.99
Price = (Terminal Value + Company Value) / Count shares = (-8.83 + -3.99) / 1743100 = -7355.25