NASDAQ: GIFI - Gulf Island Fabrication, 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 = -1.51
CAGR EPS = 9.16%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 4.85 + (4.85 * 9.16% / 100) = 5.29

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) = -0.0163
Ebitda Yield = -0.0762
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 = 0.0014
Debt = 0.02
Market Cap = 0.0531
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0531 / (0.0531 + 0.02) = 0.7264
Weight Cost Debt = 100% - 0.7264 = 0.2736
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 = -1.65
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + -1.65 * 5.94 + 0 = -0.0718
WACC = (0.0014 / 0.02) * (100% - 0.7264) * (1 - 0.21) + -0.0718 + 0.7264 = 5.59
Terminal Value = Discount (-0.0163 * (1 + -0.0762) / (5.59 - -0.0762)) = -0.0868
Company Value = ∑ (-0.0163 / (1 + 5.59) ^ 5) = -0.0825
Price = (Terminal Value + Company Value) / Count shares = (-0.0868 + -0.0825) / 16190000 = -10.46

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) = 0.0088
FCF Yield = 0.1525
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 = 0.0014
Debt = 0.02
Market Cap = 0.0531
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0531 / (0.0531 + 0.02) = 0.7264
Weight Cost Debt = 100% - 0.7264 = 0.2736
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 = -1.65
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + -1.65 * 5.94 + 0 = -0.0718
WACC = (0.0014 / 0.02) * (100% - 0.7264) * (1 - 0.21) + -0.0718 + 0.7264 = 5.59
Terminal Value = Discount (0.0088 * (1 + 0.1525) / (5.59 - 0.1525)) = 0.0799
Company Value = ∑ (0.0088 / (1 + 5.59) ^ 5) = 0.0283
Price = (Terminal Value + Company Value) / Count shares = (0.0799 + 0.0283) / 16190000 = 6.68