NASDAQ: HCDI - Harbor Custom Development, 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 = -24.19
CAGR EPS = 52.51%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0.1007 + (0.1007 * 52.51% / 100) = 0.1535

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) = 0.0026
Ebitda Yield = 0.0896
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 = 0.0029
Debt = 0.1453
Market Cap = 0.0037
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0037 / (0.0037 + 0.1453) = 0.0248
Weight Cost Debt = 100% - 0.0248 = 0.9752
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 = (0.0029 / 0.1453) * (100% - 0.0248) * (1 - 0.21) + 0.0289 + 0.0248 = 1.56
Terminal Value = Discount (0.0026 * (1 + 0.0896) / (1.56 - 0.0896)) = 0.0356
Company Value = ∑ (0.0026 / (1 + 1.56) ^ 5) = 0.0105
Price = (Terminal Value + Company Value) / Count shares = (0.0356 + 0.0105) / 699500 = 65.96

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) = -0.3811
FCF Yield = 0.5143
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 = 0.0029
Debt = 0.1453
Market Cap = 0.0037
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0037 / (0.0037 + 0.1453) = 0.0248
Weight Cost Debt = 100% - 0.0248 = 0.9752
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 = (0.0029 / 0.1453) * (100% - 0.0248) * (1 - 0.21) + 0.0289 + 0.0248 = 1.56
Terminal Value = Discount (-0.3811 * (1 + 0.5143) / (1.56 - 0.5143)) = -1.07
Company Value = ∑ (-0.3811 / (1 + 1.56) ^ 5) = -0.9257
Price = (Terminal Value + Company Value) / Count shares = (-1.07 + -0.9257) / 699500 = -2854.43