NASDAQ: CNFR - Conifer Holdings, 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 = -2.12
CAGR EPS = 18.06%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 1.12 + (1.12 * 18.06% / 100) = 1.32

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) = -0.0544
Ebitda Yield = 0.1601
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 = 0.0032
Debt = 0.0253
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.0253) = 0
Weight Cost Debt = 100% - 0 = 1
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) = 2.6
β = -0.5688
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + -0.5688 * 5.94 + 0 = -0.0078
WACC = (0.0032 / 0.0253) * (100% - 0) * (1 - 0.21) + -0.0078 + 0 = 10
Terminal Value = Discount (-0.0544 * (1 + 0.1601) / (10 - 0.1601)) = -0.6518
Company Value = ∑ (-0.0544 / (1 + 10) ^ 5) = -0.1523
Price = (Terminal Value + Company Value) / Count shares = (-0.6518 + -0.1523) / 12220000 = -65.8

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) = 0.000871
FCF Yield = -1.58
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 = 0.0032
Debt = 0.0253
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.0253) = 0
Weight Cost Debt = 100% - 0 = 1
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) = 2.6
β = -0.5688
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + -0.5688 * 5.94 + 0 = -0.0078
WACC = (0.0032 / 0.0253) * (100% - 0) * (1 - 0.21) + -0.0078 + 0 = 10
Terminal Value = Discount (0.000871 * (1 + -1.58) / (10 - -1.58)) = -0.000187
Company Value = ∑ (0.000871 / (1 + 10) ^ 5) = 0.0048
Price = (Terminal Value + Company Value) / Count shares = (-0.000187 + 0.0048) / 12220000 = 0.3779