NYSE: BA - Boeing

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 = -3.67
CAGR EPS = 26.76%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 214.74 + (214.74 * 26.76% / 100) = 272.21

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) = 1.93
Ebitda Yield = -2.2
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 = 2.46
Debt = 52.43
Market Cap = 136.72
Weight Debt = Market Cap / (Market Cap + Debt) = 136.72 / (136.72 + 52.43) = 0.7228
Weight Cost Debt = 100% - 0.7228 = 0.2772
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 = 0.0622
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0.0622 * 5.94 + 0 = 0.0312
WACC = (2.46 / 52.43) * (100% - 0.7228) * (1 - 0.21) + 0.0312 + 0.7228 = 3.7
Terminal Value = Discount (1.93 * (1 + -2.2) / (3.7 - -2.2)) = -0.8626
Company Value = ∑ (1.93 / (1 + 3.7) ^ 5) = 1.28
Price = (Terminal Value + Company Value) / Count shares = (-0.8626 + 1.28) / 605800000 = 0.6846

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) = 10.89
FCF Yield = 0.1969
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 = 2.46
Debt = 52.43
Market Cap = 136.72
Weight Debt = Market Cap / (Market Cap + Debt) = 136.72 / (136.72 + 52.43) = 0.7228
Weight Cost Debt = 100% - 0.7228 = 0.2772
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 = 0.0622
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0.0622 * 5.94 + 0 = 0.0312
WACC = (2.46 / 52.43) * (100% - 0.7228) * (1 - 0.21) + 0.0312 + 0.7228 = 3.7
Terminal Value = Discount (10.89 * (1 + 0.1969) / (3.7 - 0.1969)) = 67.97
Company Value = ∑ (10.89 / (1 + 3.7) ^ 5) = 34.79
Price = (Terminal Value + Company Value) / Count shares = (67.97 + 34.79) / 605800000 = 169.62