NYSE: PLAN - Anaplan, 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 = -1.46
CAGR EPS = 22.04%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 63.73 + (63.73 * 22.04% / 100) = 77.78

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) = -0.5809
Ebitda Yield = 0.2763
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 = 0.000373
Debt = 0.0572
Market Cap = 9.59
Weight Debt = Market Cap / (Market Cap + Debt) = 9.59 / (9.59 + 0.0572) = 0.9941
Weight Cost Debt = 100% - 0.9941 = 0.0059
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 = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0 * 5.94 + 0 = 0.0282
WACC = (0.000373 / 0.0572) * (100% - 0.9941) * (1 - 0.21) + 0.0282 + 0.9941 = 0.5381
Terminal Value = Discount (-0.5809 * (1 + 0.2763) / (0.5381 - 0.2763)) = -2.66
Company Value = ∑ (-0.5809 / (1 + 0.5381) ^ 5) = -1.86
Price = (Terminal Value + Company Value) / Count shares = (-2.66 + -1.86) / 139500000 = -32.4

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) = -0.0487
FCF Yield = 0.0445
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 = 0.000373
Debt = 0.0572
Market Cap = 9.59
Weight Debt = Market Cap / (Market Cap + Debt) = 9.59 / (9.59 + 0.0572) = 0.9941
Weight Cost Debt = 100% - 0.9941 = 0.0059
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 = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0 * 5.94 + 0 = 0.0282
WACC = (0.000373 / 0.0572) * (100% - 0.9941) * (1 - 0.21) + 0.0282 + 0.9941 = 0.5381
Terminal Value = Discount (-0.0487 * (1 + 0.0445) / (0.5381 - 0.0445)) = -1.27
Company Value = ∑ (-0.0487 / (1 + 0.5381) ^ 5) = -0.2201
Price = (Terminal Value + Company Value) / Count shares = (-1.27 + -0.2201) / 139500000 = -10.66