NYSE: IRNT - IronNet, 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 = -1.07
CAGR EPS = 262.03%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0.0001 + (0.0001 * 262.03% / 100) = 0.000362

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) = -0.2562
Ebitda Yield = 0
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 = 0.0013
Debt = 0.0207
Market Cap = 0.0057
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0057 / (0.0057 + 0.0207) = 0.2159
Weight Cost Debt = 100% - 0.2159 = 0.7841
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
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0 * 5.94 + 0 = 0.0275
WACC = (0.0013 / 0.0207) * (100% - 0.2159) * (1 - 0.21) + 0.0275 + 0.2159 = 4.96
Terminal Value = Discount (-0.2562 * (1 + 0) / (4.96 - 0)) = -4.06
Company Value = ∑ (-0.2562 / (1 + 4.96) ^ 5) = -1.11
Price = (Terminal Value + Company Value) / Count shares = (-4.06 + -1.11) / 104050000 = -49.68

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) = -8.35
FCF Yield = 1.62
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 = 0.0013
Debt = 0.0207
Market Cap = 0.0057
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0057 / (0.0057 + 0.0207) = 0.2159
Weight Cost Debt = 100% - 0.2159 = 0.7841
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
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0 * 5.94 + 0 = 0.0275
WACC = (0.0013 / 0.0207) * (100% - 0.2159) * (1 - 0.21) + 0.0275 + 0.2159 = 4.96
Terminal Value = Discount (-8.35 * (1 + 1.62) / (4.96 - 1.62)) = -10.94
Company Value = ∑ (-8.35 / (1 + 4.96) ^ 5) = -10.83
Price = (Terminal Value + Company Value) / Count shares = (-10.94 + -10.83) / 104050000 = -209.24