NYSE: UAA - Under Armour

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 = 0.5145
CAGR EPS = 19.46%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 6.85 + (6.85 * 19.46% / 100) = 8.18

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) = 0.4191
Ebitda Yield = 0.0239
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 = 0.0173
Debt = 1.44
Market Cap = 3.36
Weight Debt = Market Cap / (Market Cap + Debt) = 3.36 / (3.36 + 1.44) = 0.6996
Weight Cost Debt = 100% - 0.6996 = 0.3004
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 = 5.23
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 5.23 * 5.94 + 0 = 0.3389
WACC = (0.0173 / 1.44) * (100% - 0.6996) * (1 - 0.21) + 0.3389 + 0.6996 = 1.18
Terminal Value = Discount (0.4191 * (1 + 0.0239) / (1.18 - 0.0239)) = 33.27
Company Value = ∑ (0.4191 / (1 + 1.18) ^ 5) = 1.93
Price = (Terminal Value + Company Value) / Count shares = (33.27 + 1.93) / 451010000 = 78.06

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) = 0.311
FCF Yield = 0.0884
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 = 0.0173
Debt = 1.44
Market Cap = 3.36
Weight Debt = Market Cap / (Market Cap + Debt) = 3.36 / (3.36 + 1.44) = 0.6996
Weight Cost Debt = 100% - 0.6996 = 0.3004
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 = 5.23
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 5.23 * 5.94 + 0 = 0.3389
WACC = (0.0173 / 1.44) * (100% - 0.6996) * (1 - 0.21) + 0.3389 + 0.6996 = 1.18
Terminal Value = Discount (0.311 * (1 + 0.0884) / (1.18 - 0.0884)) = 4.17
Company Value = ∑ (0.311 / (1 + 1.18) ^ 5) = 1.27
Price = (Terminal Value + Company Value) / Count shares = (4.17 + 1.27) / 451010000 = 12.07