NASDAQ: ASPS - Altisource Portfolio Solutions S.A.

Price = Avg Price + (Avg Price * CAGR EPS% / 100)
EPS = Earning Per Share
CAGR EPS = CAGR 5 EPS
Key Rate — Nøkkelrente
Excess Key Rate — Ønsket overskridelse av styringsrenten
EPS = -2.51
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 1.89 + (1.89 * 8.66% / 100) = 2.06

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) = 1.0E-5
Ebitda Yield = -1.28
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 = 0.0361
Debt = 0.2172
Market Cap = 0.0924
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0924 / (0.0924 + 0.2172) = 0.2985
Weight Cost Debt = 100% - 0.2985 = 0.7015
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) = 3
β = -4.75
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -4.75 * 5.94 + 0 = -0.2522
WACC = (0.0361 / 0.2172) * (100% - 0.2985) * (1 - 0.21) + -0.2522 + 0.2985 = 13.02
Terminal Value = Discount (1.0E-5 * (1 + -1.28) / (13.02 - -1.28)) = 0
Company Value = ∑ (1.0E-5 / (1 + 13.02) ^ 5) = 0.0012
Price = (Terminal Value + Company Value) / Count shares = (0 + 0.0012) / 22420000 = 0.0552

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) = 0.000631
FCF Yield = -1.49
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 = 0.0361
Debt = 0.2172
Market Cap = 0.0924
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0924 / (0.0924 + 0.2172) = 0.2985
Weight Cost Debt = 100% - 0.2985 = 0.7015
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) = 3
β = -4.75
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -4.75 * 5.94 + 0 = -0.2522
WACC = (0.0361 / 0.2172) * (100% - 0.2985) * (1 - 0.21) + -0.2522 + 0.2985 = 13.02
Terminal Value = Discount (0.000631 * (1 + -1.49) / (13.02 - -1.49)) = -0.000104
Company Value = ∑ (0.000631 / (1 + 13.02) ^ 5) = 0.0067
Price = (Terminal Value + Company Value) / Count shares = (-0.000104 + 0.0067) / 22420000 = 0.2955