NASDAQ: HOOD - Robinhood Markets

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 = -0.6073
CAGR EPS = 32.79%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 33.3 + (33.3 * 32.79% / 100) = 44.21

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) = -1.52
Ebitda Yield = 0.2797
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 = 0.023
Debt = 5.25
Market Cap = 9.34
Weight Debt = Market Cap / (Market Cap + Debt) = 9.34 / (9.34 + 5.25) = 0.6403
Weight Cost Debt = 100% - 0.6403 = 0.3597
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) = 3
β = 15.93
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 15.93 * 5.94 + 0 = 0.976
WACC = (0.023 / 5.25) * (100% - 0.6403) * (1 - 0.21) + 0.976 + 0.6403 = 0.9689
Terminal Value = Discount (-1.52 * (1 + 0.2797) / (0.9689 - 0.2797)) = -6.85
Company Value = ∑ (-1.52 / (1 + 0.9689) ^ 5) = -4.76
Price = (Terminal Value + Company Value) / Count shares = (-6.85 + -4.76) / 890860000 = -13.03

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) = 0.2719
FCF Yield = -0.1256
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 = 0.023
Debt = 5.25
Market Cap = 9.34
Weight Debt = Market Cap / (Market Cap + Debt) = 9.34 / (9.34 + 5.25) = 0.6403
Weight Cost Debt = 100% - 0.6403 = 0.3597
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) = 3
β = 15.93
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 15.93 * 5.94 + 0 = 0.976
WACC = (0.023 / 5.25) * (100% - 0.6403) * (1 - 0.21) + 0.976 + 0.6403 = 0.9689
Terminal Value = Discount (0.2719 * (1 + -0.1256) / (0.9689 - -0.1256)) = 1.67
Company Value = ∑ (0.2719 / (1 + 0.9689) ^ 5) = 1.76
Price = (Terminal Value + Company Value) / Count shares = (1.67 + 1.76) / 890860000 = 3.86