NYSE: AMR - Alpha Metallurgical Resources, 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 = 49.3
CAGR EPS = 37.59%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 279.06 + (279.06 * 37.59% / 100) = 383.96

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) = 6.04
Ebitda Yield = 0.4261
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 = 0.0069
Debt = 0.0109
Market Cap = 2.68
Weight Debt = Market Cap / (Market Cap + Debt) = 2.68 / (2.68 + 0.0109) = 0.9959
Weight Cost Debt = 100% - 0.9959 = 0.0041
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 = -0.1133
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -0.1133 * 5.94 + 0 = 0.0208
WACC = (0.0069 / 0.0109) * (100% - 0.9959) * (1 - 0.21) + 0.0208 + 0.9959 = 49.49
Terminal Value = Discount (6.04 * (1 + 0.4261) / (49.49 - 0.4261)) = 16.77
Company Value = ∑ (6.04 / (1 + 49.49) ^ 5) = 4.45
Price = (Terminal Value + Company Value) / Count shares = (16.77 + 4.45) / 14640000 = 1449.56

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) = 4.81
FCF Yield = 0.5135
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 = 0.0069
Debt = 0.0109
Market Cap = 2.68
Weight Debt = Market Cap / (Market Cap + Debt) = 2.68 / (2.68 + 0.0109) = 0.9959
Weight Cost Debt = 100% - 0.9959 = 0.0041
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 = -0.1133
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -0.1133 * 5.94 + 0 = 0.0208
WACC = (0.0069 / 0.0109) * (100% - 0.9959) * (1 - 0.21) + 0.0208 + 0.9959 = 49.49
Terminal Value = Discount (4.81 * (1 + 0.5135) / (49.49 - 0.5135)) = 52.43
Company Value = ∑ (4.81 / (1 + 49.49) ^ 5) = 3.14
Price = (Terminal Value + Company Value) / Count shares = (52.43 + 3.14) / 14640000 = 3795.93