NYSE: BALY - Bally's 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 = -3.51
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 14.78 + (14.78 * 8.66% / 100) = 16.05

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) = 1.01
Ebitda Yield = 0.1788
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 = 0.2776
Debt = 3.72
Market Cap = 0.6762
Weight Debt = Market Cap / (Market Cap + Debt) = 0.6762 / (0.6762 + 3.72) = 0.1539
Weight Cost Debt = 100% - 0.1539 = 0.8461
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 = 0.8277
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 0.8277 * 5.94 + 0 = 0.0781
WACC = (0.2776 / 3.72) * (100% - 0.1539) * (1 - 0.21) + 0.0781 + 0.1539 = 5.9
Terminal Value = Discount (1.01 * (1 + 0.1788) / (5.9 - 0.1788)) = 7.44
Company Value = ∑ (1.01 / (1 + 5.9) ^ 5) = 3.08
Price = (Terminal Value + Company Value) / Count shares = (7.44 + 3.08) / 53350000 = 197.21

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 FCF(5) * (1 + FCF Yield) / (WACC - FCF Yield)
Company Value = ∑ (Discount FCF / (1 + WACC) ^ 5)
Discount FCF(5) = 0.1779
FCF Yield = -1.89
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 = 0.2776
Debt = 3.72
Market Cap = 0.6762
Weight Debt = Market Cap / (Market Cap + Debt) = 0.6762 / (0.6762 + 3.72) = 0.1539
Weight Cost Debt = 100% - 0.1539 = 0.8461
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 = 0.8277
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 0.8277 * 5.94 + 0 = 0.0781
WACC = (0.2776 / 3.72) * (100% - 0.1539) * (1 - 0.21) + 0.0781 + 0.1539 = 5.9
Terminal Value = Discount (0.1779 * (1 + -1.89) / (5.9 - -1.89)) = -0.0611
Company Value = ∑ (0.1779 / (1 + 5.9) ^ 5) = 0.2045
Price = (Terminal Value + Company Value) / Count shares = (-0.0611 + 0.2045) / 53350000 = 2.69