NASDAQ: AFIN - American Finance Trust, Inc.

Price = EPS * (1 + CAGR EPS) / (Key Rate * Excess Key Rate)
EPS = Earning Per Share
CAGR EPS = CAGR 5 EPS
Key Rate — Nøkkelrente
Excess Key Rate — Ønsket overskridelse av styringsrenten
EPS = 0.0702
CAGR EPS = 17.06%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0.0702 * (1 + 17.06%) / (0.0433 * 2) = 0.9489

Price = (Terminal Value + Company Value) / Count shares
Price - Fair pris
Terminal Value — kostnad i perioden etter prognose
Company Value — kostnad i prognoseperioden
Count shares - Antall aksjer
Terminal Value = Discount Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = 0.1783
Ebitda Yield = 0.0098
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - Gjeldsbetjeningskostnader
Debt - Plikt
Weight Debt - Kapitaliseringsvekt i forhold til gjeld
Weight Cost Debt - Gjeldsvekt i forhold til kapitalisering
Tax - Avgift
Interest Expense = 0.0862
Debt = 1.79
Market Cap = 1.06
Weight Debt = Market Cap / (Market Cap + Debt) = 1.06 / (1.06 + 1.79) = 0.3719
Weight Cost Debt = 100% - 0.3719 = 0.6281
Tax = 0.21
Cost Of Equity — diskonteringsrente
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — risikofri avkastning
β (beta) — bestemmer risikomålet for en aksje (aktiva) i forhold til markedet og viser sensitiviteten til endringer i aksjens lønnsomhet i forhold til endringer i markedslønnsomheten.
Risk Premium — risikopremie - premie for risikoen ved å investere i aksjer
Country Premium - landrisiko
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 = (0.0862 / 1.79) * (100% - 0.3719) * (1 - 0.21) + 0.0282 + 0.3719 = 3.8
Terminal Value = Discount (0.1783 * (1 + 0.0098) / (3.8 - 0.0098)) = 5.29
Company Value = ∑ (0.1783 / (1 + 3.8) ^ 5) = 0.7822
Price = (Terminal Value + Company Value) / Count shares = (5.29 + 0.7822) / 132990000 = 45.66

Price = (Terminal Value + Company Value) / Count shares
Price - Fair pris
Terminal Value — kostnad i perioden etter prognose
Company Value — kostnad i prognoseperioden
Count shares - Antall aksjer
Terminal Value = Discount FCF(5) * (1 + FCF Yield) / (WACC - FCF Yield)
Company Value = ∑ (Discount FCF / (1 + WACC) ^ 5)
Discount FCF(5) = 0.1905
FCF Yield = 0.0765
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - Gjeldsbetjeningskostnader
Debt - Plikt
Weight Debt - Kapitaliseringsvekt i forhold til gjeld
Weight Cost Debt - Gjeldsvekt i forhold til kapitalisering
Tax - Avgift
Interest Expense = 0.0862
Debt = 1.79
Market Cap = 1.06
Weight Debt = Market Cap / (Market Cap + Debt) = 1.06 / (1.06 + 1.79) = 0.3719
Weight Cost Debt = 100% - 0.3719 = 0.6281
Tax = 0.21
Cost Of Equity — diskonteringsrente
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — risikofri avkastning
β (beta) — bestemmer risikomålet for en aksje (aktiva) i forhold til markedet og viser sensitiviteten til endringer i aksjens lønnsomhet i forhold til endringer i markedslønnsomheten.
Risk Premium — risikopremie - premie for risikoen ved å investere i aksjer
Country Premium - landrisiko
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 = (0.0862 / 1.79) * (100% - 0.3719) * (1 - 0.21) + 0.0282 + 0.3719 = 3.8
Terminal Value = Discount (0.1905 * (1 + 0.0765) / (3.8 - 0.0765)) = 4.42
Company Value = ∑ (0.1905 / (1 + 3.8) ^ 5) = 0.736
Price = (Terminal Value + Company Value) / Count shares = (4.42 + 0.736) / 132990000 = 38.81