NASDAQ: FRG - Franchise Group, 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 = -1.74
CAGR EPS = 72.02%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 29.88 + (29.88 * 72.02% / 100) = 51.4

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) = 7.59
Ebitda Yield = 0.7941
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 = 0.34
Debt = 2.73
Market Cap = 1.05
Weight Debt = Market Cap / (Market Cap + Debt) = 1.05 / (1.05 + 2.73) = 0.2778
Weight Cost Debt = 100% - 0.2778 = 0.7222
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) = 2.75
β = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0 * 5.94 + 0 = 0.0275
WACC = (0.34 / 2.73) * (100% - 0.2778) * (1 - 0.21) + 0.0275 + 0.2778 = 9.82
Terminal Value = Discount (7.59 * (1 + 0.7941) / (9.82 - 0.7941)) = 12.25
Company Value = ∑ (7.59 / (1 + 9.82) ^ 5) = 11.2
Price = (Terminal Value + Company Value) / Count shares = (12.25 + 11.2) / 39310000 = 596.61

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) = 0.1895
FCF Yield = -2.06
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 = 0.34
Debt = 2.73
Market Cap = 1.05
Weight Debt = Market Cap / (Market Cap + Debt) = 1.05 / (1.05 + 2.73) = 0.2778
Weight Cost Debt = 100% - 0.2778 = 0.7222
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) = 2.75
β = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0 * 5.94 + 0 = 0.0275
WACC = (0.34 / 2.73) * (100% - 0.2778) * (1 - 0.21) + 0.0275 + 0.2778 = 9.82
Terminal Value = Discount (0.1895 * (1 + -2.06) / (9.82 - -2.06)) = -0.0584
Company Value = ∑ (0.1895 / (1 + 9.82) ^ 5) = 0.1265
Price = (Terminal Value + Company Value) / Count shares = (-0.0584 + 0.1265) / 39310000 = 1.73