NASDAQ: CCSI - Consensus Cloud Solutions, Inc.

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 = 3.94
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 21.47 + (21.47 * 8.66% / 100) = 23.32

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) = 0.1128
Ebitda Yield = -0.0743
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 = 0.0454
Debt = 0.736
Market Cap = 0.6405
Weight Debt = Market Cap / (Market Cap + Debt) = 0.6405 / (0.6405 + 0.736) = 0.4653
Weight Cost Debt = 100% - 0.4653 = 0.5347
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 = 1.25
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 1.25 * 5.94 + 0 = 0.104
WACC = (0.0454 / 0.736) * (100% - 0.4653) * (1 - 0.21) + 0.104 + 0.4653 = 4.9
Terminal Value = Discount (0.1128 * (1 + -0.0743) / (4.9 - -0.0743)) = 0.6672
Company Value = ∑ (0.1128 / (1 + 4.9) ^ 5) = 0.5792
Price = (Terminal Value + Company Value) / Count shares = (0.6672 + 0.5792) / 19600000 = 63.59

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) = 0.0365
FCF Yield = -0.1404
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 = 0.0454
Debt = 0.736
Market Cap = 0.6405
Weight Debt = Market Cap / (Market Cap + Debt) = 0.6405 / (0.6405 + 0.736) = 0.4653
Weight Cost Debt = 100% - 0.4653 = 0.5347
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 = 1.25
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 1.25 * 5.94 + 0 = 0.104
WACC = (0.0454 / 0.736) * (100% - 0.4653) * (1 - 0.21) + 0.104 + 0.4653 = 4.9
Terminal Value = Discount (0.0365 * (1 + -0.1404) / (4.9 - -0.1404)) = 0.1303
Company Value = ∑ (0.0365 / (1 + 4.9) ^ 5) = 0.2223
Price = (Terminal Value + Company Value) / Count shares = (0.1303 + 0.2223) / 19600000 = 17.99