NYSE: SCU - Sculptor Capital Management, 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 = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 12.72 + (12.72 * 8.66% / 100) = 13.82

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) = 0.0057
Ebitda Yield = -0.1685
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 = 0.0155
Debt = 0.4123
Market Cap = 0.28
Weight Debt = Market Cap / (Market Cap + Debt) = 0.28 / (0.28 + 0.4123) = 0.4044
Weight Cost Debt = 100% - 0.4044 = 0.5956
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 = (0.0155 / 0.4123) * (100% - 0.4044) * (1 - 0.21) + 0.0282 + 0.4044 = 2.97
Terminal Value = Discount (0.0057 * (1 + -0.1685) / (2.97 - -0.1685)) = 0.0207
Company Value = ∑ (0.0057 / (1 + 2.97) ^ 5) = 0.0397
Price = (Terminal Value + Company Value) / Count shares = (0.0207 + 0.0397) / 26270000 = 2.3

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) = 0.0409
FCF Yield = -1.67
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 = 0.0155
Debt = 0.4123
Market Cap = 0.28
Weight Debt = Market Cap / (Market Cap + Debt) = 0.28 / (0.28 + 0.4123) = 0.4044
Weight Cost Debt = 100% - 0.4044 = 0.5956
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 = (0.0155 / 0.4123) * (100% - 0.4044) * (1 - 0.21) + 0.0282 + 0.4044 = 2.97
Terminal Value = Discount (0.0409 * (1 + -1.67) / (2.97 - -1.67)) = -0.0139
Company Value = ∑ (0.0409 / (1 + 2.97) ^ 5) = 0.1365
Price = (Terminal Value + Company Value) / Count shares = (-0.0139 + 0.1365) / 26270000 = 4.67