NYSE: MEC - Mayville Engineering Company, 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 = 40.5%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 13.57 + (13.57 * 40.5% / 100) = 19.06

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) = 0.0698
Ebitda Yield = 0.0938
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 = 0.011
Debt = 0.153
Market Cap = 0.239
Weight Debt = Market Cap / (Market Cap + Debt) = 0.239 / (0.239 + 0.153) = 0.6097
Weight Cost Debt = 100% - 0.6097 = 0.3903
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) = 2.82
β = 2.54
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 2.54 * 5.94 + 0 = 0.1791
WACC = (0.011 / 0.153) * (100% - 0.6097) * (1 - 0.21) + 0.1791 + 0.6097 = 5.75
Terminal Value = Discount (0.0698 * (1 + 0.0938) / (5.75 - 0.0938)) = 1.59
Company Value = ∑ (0.0698 / (1 + 5.75) ^ 5) = 0.2468
Price = (Terminal Value + Company Value) / Count shares = (1.59 + 0.2468) / 20970000 = 87.51

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) = 0.1751
FCF Yield = 0.1764
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 = 0.011
Debt = 0.153
Market Cap = 0.239
Weight Debt = Market Cap / (Market Cap + Debt) = 0.239 / (0.239 + 0.153) = 0.6097
Weight Cost Debt = 100% - 0.6097 = 0.3903
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) = 2.82
β = 2.54
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 2.54 * 5.94 + 0 = 0.1791
WACC = (0.011 / 0.153) * (100% - 0.6097) * (1 - 0.21) + 0.1791 + 0.6097 = 5.75
Terminal Value = Discount (0.1751 * (1 + 0.1764) / (5.75 - 0.1764)) = 1.31
Company Value = ∑ (0.1751 / (1 + 5.75) ^ 5) = 0.5409
Price = (Terminal Value + Company Value) / Count shares = (1.31 + 0.5409) / 20970000 = 88.26