NYSE: GOGO - Gogo Inc.

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 = 1.09
CAGR EPS = 21.09%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 8.38 + (8.38 * 21.09% / 100) = 10.15

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) = 0.1258
Ebitda Yield = -0.0224
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 = 0.036
Debt = 0.605
Market Cap = 1.57
Weight Debt = Market Cap / (Market Cap + Debt) = 1.57 / (1.57 + 0.605) = 0.7218
Weight Cost Debt = 100% - 0.7218 = 0.2782
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) = 3
β = 2.86
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 2.86 * 5.94 + 0 = 0.1997
WACC = (0.036 / 0.605) * (100% - 0.7218) * (1 - 0.21) + 0.1997 + 0.7218 = 4.81
Terminal Value = Discount (0.1258 * (1 + -0.0224) / (4.81 - -0.0224)) = 1.38
Company Value = ∑ (0.1258 / (1 + 4.81) ^ 5) = 0.5743
Price = (Terminal Value + Company Value) / Count shares = (1.38 + 0.5743) / 133280000 = 14.65

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) = 0.1372
FCF Yield = 0.201
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 = 0.036
Debt = 0.605
Market Cap = 1.57
Weight Debt = Market Cap / (Market Cap + Debt) = 1.57 / (1.57 + 0.605) = 0.7218
Weight Cost Debt = 100% - 0.7218 = 0.2782
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) = 3
β = 2.86
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 2.86 * 5.94 + 0 = 0.1997
WACC = (0.036 / 0.605) * (100% - 0.7218) * (1 - 0.21) + 0.1997 + 0.7218 = 4.81
Terminal Value = Discount (0.1372 * (1 + 0.201) / (4.81 - 0.201)) = 0.8516
Company Value = ∑ (0.1372 / (1 + 4.81) ^ 5) = 0.4207
Price = (Terminal Value + Company Value) / Count shares = (0.8516 + 0.4207) / 133280000 = 9.55