NYSE: VTLE - Vital Energy, 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 = 33.44
CAGR EPS = 25.63%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 39.87 + (39.87 * 25.63% / 100) = 50.08

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) = 2.19
Ebitda Yield = 0.1423
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 = 0.1527
Debt = 1.68
Market Cap = 1.05
Weight Debt = Market Cap / (Market Cap + Debt) = 1.05 / (1.05 + 1.68) = 0.3846
Weight Cost Debt = 100% - 0.3846 = 0.6154
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) = 2.89
β = 1.98
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 1.98 * 5.94 + 0 = 0.1464
WACC = (0.1527 / 1.68) * (100% - 0.3846) * (1 - 0.21) + 0.1464 + 0.3846 = 7.21
Terminal Value = Discount (2.19 * (1 + 0.1423) / (7.21 - 0.1423)) = 25.22
Company Value = ∑ (2.19 / (1 + 7.21) ^ 5) = 6.85
Price = (Terminal Value + Company Value) / Count shares = (25.22 + 6.85) / 20780000 = 1543.58

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) = -1.84
FCF Yield = 0.2249
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 = 0.1527
Debt = 1.68
Market Cap = 1.05
Weight Debt = Market Cap / (Market Cap + Debt) = 1.05 / (1.05 + 1.68) = 0.3846
Weight Cost Debt = 100% - 0.3846 = 0.6154
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) = 2.89
β = 1.98
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 1.98 * 5.94 + 0 = 0.1464
WACC = (0.1527 / 1.68) * (100% - 0.3846) * (1 - 0.21) + 0.1464 + 0.3846 = 7.21
Terminal Value = Discount (-1.84 * (1 + 0.2249) / (7.21 - 0.2249)) = -10.42
Company Value = ∑ (-1.84 / (1 + 7.21) ^ 5) = -5.07
Price = (Terminal Value + Company Value) / Count shares = (-10.42 + -5.07) / 20780000 = -745.64