NASDAQ: KRNT - Kornit Digital Ltd.

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 = -1.31
CAGR EPS = -238.16%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0 + (0 * -238.16% / 100) = 20.88

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) = 0.0556
Ebitda Yield = -1.95
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 = 0.0134
Debt = 0.0236
Market Cap = 1.12
Weight Debt = Market Cap / (Market Cap + Debt) = 1.12 / (1.12 + 0.0236) = 0.9794
Weight Cost Debt = 100% - 0.9794 = 0.0206
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 = 1.96
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 1.96 * 5.94 + 0 = 0.1463
WACC = (0.0134 / 0.0236) * (100% - 0.9794) * (1 - 0.21) + 0.1463 + 0.9794 = 44.55
Terminal Value = Discount (0.0556 * (1 + -1.95) / (44.55 - -1.95)) = -0.0035
Company Value = ∑ (0.0556 / (1 + 44.55) ^ 5) = 0.0323
Price = (Terminal Value + Company Value) / Count shares = (-0.0035 + 0.0323) / 49160000 = 0.5866

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) = 0.0608
FCF Yield = -2.08
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 = 0.0134
Debt = 0.0236
Market Cap = 1.12
Weight Debt = Market Cap / (Market Cap + Debt) = 1.12 / (1.12 + 0.0236) = 0.9794
Weight Cost Debt = 100% - 0.9794 = 0.0206
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 = 1.96
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 1.96 * 5.94 + 0 = 0.1463
WACC = (0.0134 / 0.0236) * (100% - 0.9794) * (1 - 0.21) + 0.1463 + 0.9794 = 44.55
Terminal Value = Discount (0.0608 * (1 + -2.08) / (44.55 - -2.08)) = -0.0041
Company Value = ∑ (0.0608 / (1 + 44.55) ^ 5) = 0.0219
Price = (Terminal Value + Company Value) / Count shares = (-0.0041 + 0.0219) / 49160000 = 0.3623