NASDAQ: CSII - Cardiovascular Systems, 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 = -0.9415
CAGR EPS = 162.91%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 20 + (20 * 162.91% / 100) = 52.58

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) = -0.8782
Ebitda Yield = 0.8986
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 = 0.0016
Debt = 0.0203
Market Cap = 0.8385
Weight Debt = Market Cap / (Market Cap + Debt) = 0.8385 / (0.8385 + 0.0203) = 0.9764
Weight Cost Debt = 100% - 0.9764 = 0.0236
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
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 0 * 5.94 + 0 = 0.03
WACC = (0.0016 / 0.0203) * (100% - 0.9764) * (1 - 0.21) + 0.03 + 0.9764 = 6.2
Terminal Value = Discount (-0.8782 * (1 + 0.8986) / (6.2 - 0.8986)) = -1.48
Company Value = ∑ (-0.8782 / (1 + 6.2) ^ 5) = -1.39
Price = (Terminal Value + Company Value) / Count shares = (-1.48 + -1.39) / 39230000 = -73.17

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) = 0.0205
FCF Yield = -1.91
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 = 0.0016
Debt = 0.0203
Market Cap = 0.8385
Weight Debt = Market Cap / (Market Cap + Debt) = 0.8385 / (0.8385 + 0.0203) = 0.9764
Weight Cost Debt = 100% - 0.9764 = 0.0236
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
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 0 * 5.94 + 0 = 0.03
WACC = (0.0016 / 0.0203) * (100% - 0.9764) * (1 - 0.21) + 0.03 + 0.9764 = 6.2
Terminal Value = Discount (0.0205 * (1 + -1.91) / (6.2 - -1.91)) = -0.007
Company Value = ∑ (0.0205 / (1 + 6.2) ^ 5) = 0.0225
Price = (Terminal Value + Company Value) / Count shares = (-0.007 + 0.0225) / 39230000 = 0.3953