NYSE: CARS - Cars.com

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 = 1.74
CAGR EPS = 17.72%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 17.75 + (17.75 * 17.72% / 100) = 20.9

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) = 0.0511
Ebitda Yield = -0.1954
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 = 0.0324
Debt = 0.4832
Market Cap = 1.24
Weight Debt = Market Cap / (Market Cap + Debt) = 1.24 / (1.24 + 0.4832) = 0.7196
Weight Cost Debt = 100% - 0.7196 = 0.2804
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 = 0.7267
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 0.7267 * 5.94 + 0 = 0.0721
WACC = (0.0324 / 0.4832) * (100% - 0.7196) * (1 - 0.21) + 0.0721 + 0.7196 = 5.31
Terminal Value = Discount (0.0511 * (1 + -0.1954) / (5.31 - -0.1954)) = 0.1277
Company Value = ∑ (0.0511 / (1 + 5.31) ^ 5) = 0.3629
Price = (Terminal Value + Company Value) / Count shares = (0.1277 + 0.3629) / 68230000 = 7.19

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) = 0.1558
FCF Yield = 0.061
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 = 0.0324
Debt = 0.4832
Market Cap = 1.24
Weight Debt = Market Cap / (Market Cap + Debt) = 1.24 / (1.24 + 0.4832) = 0.7196
Weight Cost Debt = 100% - 0.7196 = 0.2804
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 = 0.7267
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 0.7267 * 5.94 + 0 = 0.0721
WACC = (0.0324 / 0.4832) * (100% - 0.7196) * (1 - 0.21) + 0.0721 + 0.7196 = 5.31
Terminal Value = Discount (0.1558 * (1 + 0.061) / (5.31 - 0.061)) = 16.15
Company Value = ∑ (0.1558 / (1 + 5.31) ^ 5) = 0.5924
Price = (Terminal Value + Company Value) / Count shares = (16.15 + 0.5924) / 68230000 = 245.41