NYSE: GATO - Gatos Silver, Inc.

Price = EPS * (1 + CAGR EPS) / (Key Rate * Excess Key Rate)
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 = 0.1849
CAGR EPS = 17.88%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0.1849 * (1 + 17.88%) / (0.0433 * 2) = 2.52

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) = -0.0494
Ebitda Yield = 0.1724
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 = 0.000679
Debt = 0.0126
Market Cap = 0.2836
Weight Debt = Market Cap / (Market Cap + Debt) = 0.2836 / (0.2836 + 0.0126) = 0.9575
Weight Cost Debt = 100% - 0.9575 = 0.0425
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 = -1.05
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -1.05 * 5.94 + 0 = -0.0337
WACC = (0.000679 / 0.0126) * (100% - 0.9575) * (1 - 0.21) + -0.0337 + 0.9575 = 4.18
Terminal Value = Discount (-0.0494 * (1 + 0.1724) / (4.18 - 0.1724)) = -0.3616
Company Value = ∑ (-0.0494 / (1 + 4.18) ^ 5) = -0.1612
Price = (Terminal Value + Company Value) / Count shares = (-0.3616 + -0.1612) / 69540000 = -7.52

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) = -0.0661
FCF Yield = 0.1571
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 = 0.000679
Debt = 0.0126
Market Cap = 0.2836
Weight Debt = Market Cap / (Market Cap + Debt) = 0.2836 / (0.2836 + 0.0126) = 0.9575
Weight Cost Debt = 100% - 0.9575 = 0.0425
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 = -1.05
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -1.05 * 5.94 + 0 = -0.0337
WACC = (0.000679 / 0.0126) * (100% - 0.9575) * (1 - 0.21) + -0.0337 + 0.9575 = 4.18
Terminal Value = Discount (-0.0661 * (1 + 0.1571) / (4.18 - 0.1571)) = -0.5406
Company Value = ∑ (-0.0661 / (1 + 4.18) ^ 5) = -0.2207
Price = (Terminal Value + Company Value) / Count shares = (-0.5406 + -0.2207) / 69540000 = -10.95