NASDAQ: IAS - Integral Ad Science Holding Corp.

Price = EPS * (1 + CAGR EPS) / (Key Rate * Excess Key Rate)
EPS = Earning Per Share
CAGR EPS = CAGR 5 EPS
Key Rate — Nøkkelrente
Excess Key Rate — Ønsket overskridelse av styringsrenten
EPS = 0.0448
CAGR EPS = 16.19%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0.0448 * (1 + 16.19%) / (0.0433 * 2) = 0.6005

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) = 0.1237
Ebitda Yield = 0.1141
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 = 0.0122
Debt = 0.1632
Market Cap = 2.2
Weight Debt = Market Cap / (Market Cap + Debt) = 2.2 / (2.2 + 0.1632) = 0.931
Weight Cost Debt = 100% - 0.931 = 0.069
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 = -0.935
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -0.935 * 5.94 + 0 = -0.0266
WACC = (0.0122 / 0.1632) * (100% - 0.931) * (1 - 0.21) + -0.0266 + 0.931 = 5.84
Terminal Value = Discount (0.1237 * (1 + 0.1141) / (5.84 - 0.1141)) = 1.86
Company Value = ∑ (0.1237 / (1 + 5.84) ^ 5) = 0.4212
Price = (Terminal Value + Company Value) / Count shares = (1.86 + 0.4212) / 161720000 = 14.13

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) = 0.8304
FCF Yield = 0.5336
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 = 0.0122
Debt = 0.1632
Market Cap = 2.2
Weight Debt = Market Cap / (Market Cap + Debt) = 2.2 / (2.2 + 0.1632) = 0.931
Weight Cost Debt = 100% - 0.931 = 0.069
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 = -0.935
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -0.935 * 5.94 + 0 = -0.0266
WACC = (0.0122 / 0.1632) * (100% - 0.931) * (1 - 0.21) + -0.0266 + 0.931 = 5.84
Terminal Value = Discount (0.8304 * (1 + 0.5336) / (5.84 - 0.5336)) = 2.02
Company Value = ∑ (0.8304 / (1 + 5.84) ^ 5) = 1.7
Price = (Terminal Value + Company Value) / Count shares = (2.02 + 1.7) / 161720000 = 23