NASDAQ: XPON - Expion360 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 = -1.08
CAGR EPS = 103.26%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 3.27 + (3.27 * 103.26% / 100) = 6.64

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) = -0.3096
Ebitda Yield = 1.13
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 = 0.000125
Debt = 0.0037
Market Cap = 0.0363
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0363 / (0.0363 + 0.0037) = 0.9071
Weight Cost Debt = 100% - 0.9071 = 0.0929
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 = 143.07
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 143.07 * 5.94 + 0 = 8.53
WACC = (0.000125 / 0.0037) * (100% - 0.9071) * (1 - 0.21) + 8.53 + 0.9071 = 10.36
Terminal Value = Discount (-0.3096 * (1 + 1.13) / (10.36 - 1.13)) = -0.3932
Company Value = ∑ (-0.3096 / (1 + 10.36) ^ 5) = -0.3784
Price = (Terminal Value + Company Value) / Count shares = (-0.3932 + -0.3784) / 6890000 = -111.99

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 FCF(5) * (1 + FCF Yield) / (WACC - FCF Yield)
Company Value = ∑ (Discount FCF / (1 + WACC) ^ 5)
Discount FCF(5) = -0.1338
FCF Yield = 0.8899
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 = 0.000125
Debt = 0.0037
Market Cap = 0.0363
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0363 / (0.0363 + 0.0037) = 0.9071
Weight Cost Debt = 100% - 0.9071 = 0.0929
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 = 143.07
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 143.07 * 5.94 + 0 = 8.53
WACC = (0.000125 / 0.0037) * (100% - 0.9071) * (1 - 0.21) + 8.53 + 0.9071 = 10.36
Terminal Value = Discount (-0.1338 * (1 + 0.8899) / (10.36 - 0.8899)) = -0.1965
Company Value = ∑ (-0.1338 / (1 + 10.36) ^ 5) = -0.1832
Price = (Terminal Value + Company Value) / Count shares = (-0.1965 + -0.1832) / 6890000 = -55.11