NASDAQ: CPSS - Consumer Portfolio Services, 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 = 1.8
CAGR EPS = 51.58%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 9.92 + (9.92 * 51.58% / 100) = 15.03

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) = 2.65
Ebitda Yield = 0.6629
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 = 0.1466
Debt = 2.34
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 2.34) = 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) = 2.89
β = 3.03
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 3.03 * 5.94 + 0 = 0.2089
WACC = (0.1466 / 2.34) * (100% - 0) * (1 - 0.21) + 0.2089 + 0 = 4.95
Terminal Value = Discount (2.65 * (1 + 0.6629) / (4.95 - 0.6629)) = 5.65
Company Value = ∑ (2.65 / (1 + 4.95) ^ 5) = 5.08
Price = (Terminal Value + Company Value) / Count shares = (5.65 + 5.08) / 25220000 = 425.39

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) = 0.2561
FCF Yield = 0.0153
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 = 0.1466
Debt = 2.34
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 2.34) = 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) = 2.89
β = 3.03
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 3.03 * 5.94 + 0 = 0.2089
WACC = (0.1466 / 2.34) * (100% - 0) * (1 - 0.21) + 0.2089 + 0 = 4.95
Terminal Value = Discount (0.2561 * (1 + 0.0153) / (4.95 - 0.0153)) = 5.96
Company Value = ∑ (0.2561 / (1 + 4.95) ^ 5) = 1.08
Price = (Terminal Value + Company Value) / Count shares = (5.96 + 1.08) / 25220000 = 279.17