NASDAQ: CLNE - Clean Energy Fuels Corp.

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 = -0.4464
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 2.99 + (2.99 * 8.66% / 100) = 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 Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = 0.0082
Ebitda Yield = -1.76
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 = 0.0175
Debt = 0.2696
Market Cap = 0.9186
Weight Debt = Market Cap / (Market Cap + Debt) = 0.9186 / (0.9186 + 0.2696) = 0.7731
Weight Cost Debt = 100% - 0.7731 = 0.2269
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 = 0.1788
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 0.1788 * 5.94 + 0 = 0.0406
WACC = (0.0175 / 0.2696) * (100% - 0.7731) * (1 - 0.21) + 0.0406 + 0.7731 = 5.13
Terminal Value = Discount (0.0082 * (1 + -1.76) / (5.13 - -1.76)) = -0.0027
Company Value = ∑ (0.0082 / (1 + 5.13) ^ 5) = 0.0164
Price = (Terminal Value + Company Value) / Count shares = (-0.0027 + 0.0164) / 222900000 = 0.0614

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) = -0.3037
FCF Yield = 0.314
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 = 0.0175
Debt = 0.2696
Market Cap = 0.9186
Weight Debt = Market Cap / (Market Cap + Debt) = 0.9186 / (0.9186 + 0.2696) = 0.7731
Weight Cost Debt = 100% - 0.7731 = 0.2269
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 = 0.1788
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 0.1788 * 5.94 + 0 = 0.0406
WACC = (0.0175 / 0.2696) * (100% - 0.7731) * (1 - 0.21) + 0.0406 + 0.7731 = 5.13
Terminal Value = Discount (-0.3037 * (1 + 0.314) / (5.13 - 0.314)) = -1.18
Company Value = ∑ (-0.3037 / (1 + 5.13) ^ 5) = -0.795
Price = (Terminal Value + Company Value) / Count shares = (-1.18 + -0.795) / 222900000 = -8.87