NASDAQ: ISBC - Investors Bancorp, 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 = 1.32
CAGR EPS = 24.91%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 13.87 + (13.87 * 24.91% / 100) = 17.32

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) = 0.6429
Ebitda Yield = 0.0222
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 = 0.1476
Debt = 3.75
Market Cap = 3.46
Weight Debt = Market Cap / (Market Cap + Debt) = 3.46 / (3.46 + 3.75) = 0.4799
Weight Cost Debt = 100% - 0.4799 = 0.5201
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
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0 * 5.94 + 0 = 0.0282
WACC = (0.1476 / 3.75) * (100% - 0.4799) * (1 - 0.21) + 0.0282 + 0.4799 = 3.11
Terminal Value = Discount (0.6429 * (1 + 0.0222) / (3.11 - 0.0222)) = 63.64
Company Value = ∑ (0.6429 / (1 + 3.11) ^ 5) = 2.81
Price = (Terminal Value + Company Value) / Count shares = (63.64 + 2.81) / 237420000 = 279.86

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 FCF(5) * (1 + FCF Yield) / (WACC - FCF Yield)
Company Value = ∑ (Discount FCF / (1 + WACC) ^ 5)
Discount FCF(5) = 0.1031
FCF Yield = -0.0851
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 = 0.1476
Debt = 3.75
Market Cap = 3.46
Weight Debt = Market Cap / (Market Cap + Debt) = 3.46 / (3.46 + 3.75) = 0.4799
Weight Cost Debt = 100% - 0.4799 = 0.5201
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
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0 * 5.94 + 0 = 0.0282
WACC = (0.1476 / 3.75) * (100% - 0.4799) * (1 - 0.21) + 0.0282 + 0.4799 = 3.11
Terminal Value = Discount (0.1031 * (1 + -0.0851) / (3.11 - -0.0851)) = 0.697
Company Value = ∑ (0.1031 / (1 + 3.11) ^ 5) = 0.57
Price = (Terminal Value + Company Value) / Count shares = (0.697 + 0.57) / 237420000 = 5.34