NYSE: NEX - NexTier Oilfield Solutions 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 = 1.26
CAGR EPS = 36.47%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 10.61 + (10.61 * 36.47% / 100) = 14.48

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) = 60.64
Ebitda Yield = 1.58
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 = 0.0284
Debt = 0.4126
Market Cap = 2.53
Weight Debt = Market Cap / (Market Cap + Debt) = 2.53 / (2.53 + 0.4126) = 0.8598
Weight Cost Debt = 100% - 0.8598 = 0.1402
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) = 2.89
β = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 0 * 5.94 + 0 = 0.0289
WACC = (0.0284 / 0.4126) * (100% - 0.8598) * (1 - 0.21) + 0.0289 + 0.8598 = 5.42
Terminal Value = Discount (60.64 * (1 + 1.58) / (5.42 - 1.58)) = 78.82
Company Value = ∑ (60.64 / (1 + 5.42) ^ 5) = 77.91
Price = (Terminal Value + Company Value) / Count shares = (78.82 + 77.91) / 249350000 = 628.56

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) = 0.8025
FCF Yield = 0.2138
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 = 0.0284
Debt = 0.4126
Market Cap = 2.53
Weight Debt = Market Cap / (Market Cap + Debt) = 2.53 / (2.53 + 0.4126) = 0.8598
Weight Cost Debt = 100% - 0.8598 = 0.1402
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) = 2.89
β = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 0 * 5.94 + 0 = 0.0289
WACC = (0.0284 / 0.4126) * (100% - 0.8598) * (1 - 0.21) + 0.0289 + 0.8598 = 5.42
Terminal Value = Discount (0.8025 * (1 + 0.2138) / (5.42 - 0.2138)) = 4.69
Company Value = ∑ (0.8025 / (1 + 5.42) ^ 5) = 2.37
Price = (Terminal Value + Company Value) / Count shares = (4.69 + 2.37) / 249350000 = 28.31