NASDAQ: GT - The Goodyear Tire & Rubber Company

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 = -2.42
CAGR EPS = 13.74%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 11.31 + (11.31 * 13.74% / 100) = 12.86

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) = 0.5437
Ebitda Yield = -0.0868
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 = 0.532
Debt = 7.82
Market Cap = 3.59
Weight Debt = Market Cap / (Market Cap + Debt) = 3.59 / (3.59 + 7.82) = 0.3145
Weight Cost Debt = 100% - 0.3145 = 0.6855
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) = 2.82
β = -0.0958
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + -0.0958 * 5.94 + 0 = 0.0225
WACC = (0.532 / 7.82) * (100% - 0.3145) * (1 - 0.21) + 0.0225 + 0.3145 = 5.36
Terminal Value = Discount (0.5437 * (1 + -0.0868) / (5.36 - -0.0868)) = 2.72
Company Value = ∑ (0.5437 / (1 + 5.36) ^ 5) = 2.84
Price = (Terminal Value + Company Value) / Count shares = (2.72 + 2.84) / 285000000 = 19.53

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) = 1.0E-5
FCF Yield = -1.22
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 = 0.532
Debt = 7.82
Market Cap = 3.59
Weight Debt = Market Cap / (Market Cap + Debt) = 3.59 / (3.59 + 7.82) = 0.3145
Weight Cost Debt = 100% - 0.3145 = 0.6855
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) = 2.82
β = -0.0958
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + -0.0958 * 5.94 + 0 = 0.0225
WACC = (0.532 / 7.82) * (100% - 0.3145) * (1 - 0.21) + 0.0225 + 0.3145 = 5.36
Terminal Value = Discount (1.0E-5 * (1 + -1.22) / (5.36 - -1.22)) = 0
Company Value = ∑ (1.0E-5 / (1 + 5.36) ^ 5) = 0.0031
Price = (Terminal Value + Company Value) / Count shares = (0 + 0.0031) / 285000000 = 0.011