NASDAQ: CFLT - Confluent, 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 = -1.47
CAGR EPS = 26.75%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 28.73 + (28.73 * 26.75% / 100) = 36.42

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) = -1.6
Ebitda Yield = 0.2916
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 = 0.0038
Debt = 1.1
Market Cap = 9.72
Weight Debt = Market Cap / (Market Cap + Debt) = 9.72 / (9.72 + 1.1) = 0.8987
Weight Cost Debt = 100% - 0.8987 = 0.1013
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 = 1.61
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 1.61 * 5.94 + 0 = 0.124
WACC = (0.0038 / 1.1) * (100% - 0.8987) * (1 - 0.21) + 0.124 + 0.8987 = 0.3828
Terminal Value = Discount (-1.6 * (1 + 0.2916) / (0.3828 - 0.2916)) = -7.03
Company Value = ∑ (-1.6 / (1 + 0.3828) ^ 5) = -5.03
Price = (Terminal Value + Company Value) / Count shares = (-7.03 + -5.03) / 300730000 = -40.1

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) = -0.1934
FCF Yield = 0.0924
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 = 0.0038
Debt = 1.1
Market Cap = 9.72
Weight Debt = Market Cap / (Market Cap + Debt) = 9.72 / (9.72 + 1.1) = 0.8987
Weight Cost Debt = 100% - 0.8987 = 0.1013
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 = 1.61
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 1.61 * 5.94 + 0 = 0.124
WACC = (0.0038 / 1.1) * (100% - 0.8987) * (1 - 0.21) + 0.124 + 0.8987 = 0.3828
Terminal Value = Discount (-0.1934 * (1 + 0.0924) / (0.3828 - 0.0924)) = -2.34
Company Value = ∑ (-0.1934 / (1 + 0.3828) ^ 5) = -0.8068
Price = (Terminal Value + Company Value) / Count shares = (-2.34 + -0.8068) / 300730000 = -10.47