NYSE: TISI - Team, 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 = -17.32
CAGR EPS = 10.12%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 11.63 + (11.63 * 10.12% / 100) = 12.8

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) = 0.0118
Ebitda Yield = -0.1159
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 = 0.0552
Debt = 0.3257
Market Cap = 0.0402
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0402 / (0.0402 + 0.3257) = 0.1099
Weight Cost Debt = 100% - 0.1099 = 0.8901
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) = 3
β = -0.2826
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -0.2826 * 5.94 + 0 = 0.0132
WACC = (0.0552 / 0.3257) * (100% - 0.1099) * (1 - 0.21) + 0.0132 + 0.1099 = 13.37
Terminal Value = Discount (0.0118 * (1 + -0.1159) / (13.37 - -0.1159)) = 0.0224
Company Value = ∑ (0.0118 / (1 + 13.37) ^ 5) = 0.0552
Price = (Terminal Value + Company Value) / Count shares = (0.0224 + 0.0552) / 4370000 = 17.76

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) = 0.0011
FCF Yield = -1.55
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 = 0.0552
Debt = 0.3257
Market Cap = 0.0402
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0402 / (0.0402 + 0.3257) = 0.1099
Weight Cost Debt = 100% - 0.1099 = 0.8901
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) = 3
β = -0.2826
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -0.2826 * 5.94 + 0 = 0.0132
WACC = (0.0552 / 0.3257) * (100% - 0.1099) * (1 - 0.21) + 0.0132 + 0.1099 = 13.37
Terminal Value = Discount (0.0011 * (1 + -1.55) / (13.37 - -1.55)) = -0.000186
Company Value = ∑ (0.0011 / (1 + 13.37) ^ 5) = 0.0072
Price = (Terminal Value + Company Value) / Count shares = (-0.000186 + 0.0072) / 4370000 = 1.6