NYSE: MHO - M/I Homes, 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 = 16.21
CAGR EPS = 29.32%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 130.07 + (130.07 * 29.32% / 100) = 168.21

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) = 1.56
Ebitda Yield = 0.2102
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 = 0.0358
Debt = 1.03
Market Cap = 2.62
Weight Debt = Market Cap / (Market Cap + Debt) = 2.62 / (2.62 + 1.03) = 0.7187
Weight Cost Debt = 100% - 0.7187 = 0.2813
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 = -1.63
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -1.63 * 5.94 + 0 = -0.0695
WACC = (0.0358 / 1.03) * (100% - 0.7187) * (1 - 0.21) + -0.0695 + 0.7187 = 2.69
Terminal Value = Discount (1.56 * (1 + 0.2102) / (2.69 - 0.2102)) = 9.03
Company Value = ∑ (1.56 / (1 + 2.69) ^ 5) = 5.06
Price = (Terminal Value + Company Value) / Count shares = (9.03 + 5.06) / 28720000 = 490.57

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) = 3.38
FCF Yield = 0.4399
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 = 0.0358
Debt = 1.03
Market Cap = 2.62
Weight Debt = Market Cap / (Market Cap + Debt) = 2.62 / (2.62 + 1.03) = 0.7187
Weight Cost Debt = 100% - 0.7187 = 0.2813
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 = -1.63
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -1.63 * 5.94 + 0 = -0.0695
WACC = (0.0358 / 1.03) * (100% - 0.7187) * (1 - 0.21) + -0.0695 + 0.7187 = 2.69
Terminal Value = Discount (3.38 * (1 + 0.4399) / (2.69 - 0.4399)) = 10.32
Company Value = ∑ (3.38 / (1 + 2.69) ^ 5) = 8.42
Price = (Terminal Value + Company Value) / Count shares = (10.32 + 8.42) / 28720000 = 652.61