NYSE: VRE - Veris Residential, 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 = -1.17
CAGR EPS = -177.23%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 0 + (0 * -177.23% / 100) = 9.84

Price = (DPS * (1 + g)) / (Cost Of Equity - g)
Price - 价格公道
DPS — 当期股息
g — 预期增长率
DPS = 0.235
g = -0.0208
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 = 1.42
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 1.42 * 5.94 + 0 = 0.1104
Price = (0.235 * (1 + -0.0208)) / (0.1104 - -0.0208) = 1.75

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) = 0.102
Ebitda Yield = -0.0384
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 = 0.1391
Debt = 2.17
Market Cap = 1.7
Weight Debt = Market Cap / (Market Cap + Debt) = 1.7 / (1.7 + 2.17) = 0.4395
Weight Cost Debt = 100% - 0.4395 = 0.5605
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 = 1.42
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 1.42 * 5.94 + 0 = 0.1104
WACC = (0.1391 / 2.17) * (100% - 0.4395) * (1 - 0.21) + 0.1104 + 0.4395 = 5.1
Terminal Value = Discount (0.102 * (1 + -0.0384) / (5.1 - -0.0384)) = 0.8561
Company Value = ∑ (0.102 / (1 + 5.1) ^ 5) = 0.4788
Price = (Terminal Value + Company Value) / Count shares = (0.8561 + 0.4788) / 91880000 = 14.53

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) = 0.0113
FCF Yield = -0.1933
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 = 0.1391
Debt = 2.17
Market Cap = 1.7
Weight Debt = Market Cap / (Market Cap + Debt) = 1.7 / (1.7 + 2.17) = 0.4395
Weight Cost Debt = 100% - 0.4395 = 0.5605
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 = 1.42
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 1.42 * 5.94 + 0 = 0.1104
WACC = (0.1391 / 2.17) * (100% - 0.4395) * (1 - 0.21) + 0.1104 + 0.4395 = 5.1
Terminal Value = Discount (0.0113 * (1 + -0.1933) / (5.1 - -0.1933)) = 0.0291
Company Value = ∑ (0.0113 / (1 + 5.1) ^ 5) = 0.0801
Price = (Terminal Value + Company Value) / Count shares = (0.0291 + 0.0801) / 91880000 = 1.19