NASDAQ: LILAK - Liberty Latin America 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 = -0.3505
CAGR EPS = 9.16%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 8.52 + (8.52 * 9.16% / 100) = 9.3

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) = 1.72
Ebitda Yield = 0.012
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 = 0.6017
Debt = 8.26
Market Cap = 1.79
Weight Debt = Market Cap / (Market Cap + Debt) = 1.79 / (1.79 + 8.26) = 0.178
Weight Cost Debt = 100% - 0.178 = 0.822
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) = 2.6
β = 1.38
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 1.38 * 5.94 + 0 = 0.1079
WACC = (0.6017 / 8.26) * (100% - 0.178) * (1 - 0.21) + 0.1079 + 0.178 = 5.76
Terminal Value = Discount (1.72 * (1 + 0.012) / (5.76 - 0.012)) = 28.77
Company Value = ∑ (1.72 / (1 + 5.76) ^ 5) = 7.09
Price = (Terminal Value + Company Value) / Count shares = (28.77 + 7.09) / 210000000 = 170.78

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) = 0.299
FCF Yield = -0.0085
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 = 0.6017
Debt = 8.26
Market Cap = 1.79
Weight Debt = Market Cap / (Market Cap + Debt) = 1.79 / (1.79 + 8.26) = 0.178
Weight Cost Debt = 100% - 0.178 = 0.822
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) = 2.6
β = 1.38
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 1.38 * 5.94 + 0 = 0.1079
WACC = (0.6017 / 8.26) * (100% - 0.178) * (1 - 0.21) + 0.1079 + 0.178 = 5.76
Terminal Value = Discount (0.299 * (1 + -0.0085) / (5.76 - -0.0085)) = 3.39
Company Value = ∑ (0.299 / (1 + 5.76) ^ 5) = 1.29
Price = (Terminal Value + Company Value) / Count shares = (3.39 + 1.29) / 210000000 = 22.29