NYSE: S - Sprint Corporation

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 = -1.15
CAGR EPS = 26.4%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 22.7 + (22.7 * 26.4% / 100) = 28.69

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) = -0.8822
Ebitda Yield = 0.2527
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 = 0.0012
Debt = 0.0229
Market Cap = 4.23
Weight Debt = Market Cap / (Market Cap + Debt) = 4.23 / (4.23 + 0.0229) = 0.9946
Weight Cost Debt = 100% - 0.9946 = 0.0054
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) = 2.6
β = 1.19
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 1.19 * 5.94 + 0 = 0.0967
WACC = (0.0012 / 0.0229) * (100% - 0.9946) * (1 - 0.21) + 0.0967 + 0.9946 = 4.24
Terminal Value = Discount (-0.8822 * (1 + 0.2527) / (4.24 - 0.2527)) = -4.27
Company Value = ∑ (-0.8822 / (1 + 4.24) ^ 5) = -2.57
Price = (Terminal Value + Company Value) / Count shares = (-4.27 + -2.57) / 277800000 = -24.61

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) = -0.1429
FCF Yield = 0.104
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 = 0.0012
Debt = 0.0229
Market Cap = 4.23
Weight Debt = Market Cap / (Market Cap + Debt) = 4.23 / (4.23 + 0.0229) = 0.9946
Weight Cost Debt = 100% - 0.9946 = 0.0054
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) = 2.6
β = 1.19
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 1.19 * 5.94 + 0 = 0.0967
WACC = (0.0012 / 0.0229) * (100% - 0.9946) * (1 - 0.21) + 0.0967 + 0.9946 = 4.24
Terminal Value = Discount (-0.1429 * (1 + 0.104) / (4.24 - 0.104)) = -2.08
Company Value = ∑ (-0.1429 / (1 + 4.24) ^ 5) = -0.5192
Price = (Terminal Value + Company Value) / Count shares = (-2.08 + -0.5192) / 277800000 = -9.37