NYSE: GROV - Grove Collaborative Holdings, 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 = -1.24
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 1.67 + (1.67 * 8.66% / 100) = 1.81

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) = -0.0046
Ebitda Yield = -0.2635
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 = 0.0161
Debt = 0.0752
Market Cap = 0.1263
Weight Debt = Market Cap / (Market Cap + Debt) = 0.1263 / (0.1263 + 0.0752) = 0.627
Weight Cost Debt = 100% - 0.627 = 0.373
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) = 2.75
β = 0.3328
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0.3328 * 5.94 + 0 = 0.0473
WACC = (0.0161 / 0.0752) * (100% - 0.627) * (1 - 0.21) + 0.0473 + 0.627 = 16.82
Terminal Value = Discount (-0.0046 * (1 + -0.2635) / (16.82 - -0.2635)) = -0.0036
Company Value = ∑ (-0.0046 / (1 + 16.82) ^ 5) = -0.0327
Price = (Terminal Value + Company Value) / Count shares = (-0.0036 + -0.0327) / 34800000 = -1.04

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) = -0.0016
FCF Yield = -0.3167
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 = 0.0161
Debt = 0.0752
Market Cap = 0.1263
Weight Debt = Market Cap / (Market Cap + Debt) = 0.1263 / (0.1263 + 0.0752) = 0.627
Weight Cost Debt = 100% - 0.627 = 0.373
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) = 2.75
β = 0.3328
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0.3328 * 5.94 + 0 = 0.0473
WACC = (0.0161 / 0.0752) * (100% - 0.627) * (1 - 0.21) + 0.0473 + 0.627 = 16.82
Terminal Value = Discount (-0.0016 * (1 + -0.3167) / (16.82 - -0.3167)) = -0.0011
Company Value = ∑ (-0.0016 / (1 + 16.82) ^ 5) = -0.0144
Price = (Terminal Value + Company Value) / Count shares = (-0.0011 + -0.0144) / 34800000 = -0.4445