NYSE: BOC - Boston Omaha 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 = -0.2253
CAGR EPS = -198.46%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0 + (0 * -198.46% / 100) = 2.56

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 Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = 0.029
Ebitda Yield = 0.109
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 = 0.0011
Debt = 0.0324
Market Cap = 0.586
Weight Debt = Market Cap / (Market Cap + Debt) = 0.586 / (0.586 + 0.0324) = 0.9476
Weight Cost Debt = 100% - 0.9476 = 0.0524
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 = 0.3354
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 0.3354 * 5.94 + 0 = 0.0488
WACC = (0.0011 / 0.0324) * (100% - 0.9476) * (1 - 0.21) + 0.0488 + 0.9476 = 2.82
Terminal Value = Discount (0.029 * (1 + 0.109) / (2.82 - 0.109)) = 0.3459
Company Value = ∑ (0.029 / (1 + 2.82) ^ 5) = 0.109
Price = (Terminal Value + Company Value) / Count shares = (0.3459 + 0.109) / 31090000 = 14.63

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) = 0.023
FCF Yield = -1.92
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 = 0.0011
Debt = 0.0324
Market Cap = 0.586
Weight Debt = Market Cap / (Market Cap + Debt) = 0.586 / (0.586 + 0.0324) = 0.9476
Weight Cost Debt = 100% - 0.9476 = 0.0524
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 = 0.3354
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 0.3354 * 5.94 + 0 = 0.0488
WACC = (0.0011 / 0.0324) * (100% - 0.9476) * (1 - 0.21) + 0.0488 + 0.9476 = 2.82
Terminal Value = Discount (0.023 * (1 + -1.92) / (2.82 - -1.92)) = -0.0094
Company Value = ∑ (0.023 / (1 + 2.82) ^ 5) = 0.0263
Price = (Terminal Value + Company Value) / Count shares = (-0.0094 + 0.0263) / 31090000 = 0.5424