NASDAQ: BBBY - Bed Bath & Beyond

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 = -36.03
CAGR EPS = 103.99%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0.301 + (0.301 * 103.99% / 100) = 0.614

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) = 0.2251
Ebitda Yield = -1.79
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 = 0.1105
Debt = 1.97
Market Cap = 0.1199
Weight Debt = Market Cap / (Market Cap + Debt) = 0.1199 / (0.1199 + 1.97) = 0.0573
Weight Cost Debt = 100% - 0.0573 = 0.9427
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 = (0.1105 / 1.97) * (100% - 0.0573) * (1 - 0.21) + 0.0282 + 0.0573 = 4.42
Terminal Value = Discount (0.2251 * (1 + -1.79) / (4.42 - -1.79)) = -0.0781
Company Value = ∑ (0.2251 / (1 + 4.42) ^ 5) = 0.393
Price = (Terminal Value + Company Value) / Count shares = (-0.0781 + 0.393) / 97110000 = 3.24

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) = 0.2926
FCF Yield = -1.74
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 = 0.1105
Debt = 1.97
Market Cap = 0.1199
Weight Debt = Market Cap / (Market Cap + Debt) = 0.1199 / (0.1199 + 1.97) = 0.0573
Weight Cost Debt = 100% - 0.0573 = 0.9427
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 = (0.1105 / 1.97) * (100% - 0.0573) * (1 - 0.21) + 0.0282 + 0.0573 = 4.42
Terminal Value = Discount (0.2926 * (1 + -1.74) / (4.42 - -1.74)) = -0.0977
Company Value = ∑ (0.2926 / (1 + 4.42) ^ 5) = 0.6465
Price = (Terminal Value + Company Value) / Count shares = (-0.0977 + 0.6465) / 97110000 = 5.65