NASDAQ: DCT - Duck Creek Technologies, 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 = -0.063
CAGR EPS = 16.37%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 18.99 + (18.99 * 16.37% / 100) = 22.1

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 Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = 0.0173
Ebitda Yield = 0.028
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 = 0.000604
Debt = 0.0224
Market Cap = 2.52
Weight Debt = Market Cap / (Market Cap + Debt) = 2.52 / (2.52 + 0.0224) = 0.9912
Weight Cost Debt = 100% - 0.9912 = 0.0088
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 = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 0 * 5.94 + 0 = 0.0289
WACC = (0.000604 / 0.0224) * (100% - 0.9912) * (1 - 0.21) + 0.0289 + 0.9912 = 2.14
Terminal Value = Discount (0.0173 * (1 + 0.028) / (2.14 - 0.028)) = 2.43
Company Value = ∑ (0.0173 / (1 + 2.14) ^ 5) = 0.0769
Price = (Terminal Value + Company Value) / Count shares = (2.43 + 0.0769) / 132210000 = 18.97

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) = 0.0154
FCF Yield = 0.1511
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 = 0.000604
Debt = 0.0224
Market Cap = 2.52
Weight Debt = Market Cap / (Market Cap + Debt) = 2.52 / (2.52 + 0.0224) = 0.9912
Weight Cost Debt = 100% - 0.9912 = 0.0088
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 = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 0 * 5.94 + 0 = 0.0289
WACC = (0.000604 / 0.0224) * (100% - 0.9912) * (1 - 0.21) + 0.0289 + 0.9912 = 2.14
Terminal Value = Discount (0.0154 * (1 + 0.1511) / (2.14 - 0.1511)) = 0.1226
Company Value = ∑ (0.0154 / (1 + 2.14) ^ 5) = 0.0552
Price = (Terminal Value + Company Value) / Count shares = (0.1226 + 0.0552) / 132210000 = 1.34