NASDAQ: LIVE - Live Ventures Incorporated

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 = -8.48
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 16.79 + (16.79 * 8.66% / 100) = 18.24

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) = 0.000413
Ebitda Yield = -1.5
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 = 0.0168
Debt = 0.0967
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.0967) = 0
Weight Cost Debt = 100% - 0 = 1
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 = 4.18
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 4.18 * 5.94 + 0 = 0.2762
WACC = (0.0168 / 0.0967) * (100% - 0) * (1 - 0.21) + 0.2762 + 0 = 13.76
Terminal Value = Discount (0.000413 * (1 + -1.5) / (13.76 - -1.5)) = -6.6E-5
Company Value = ∑ (0.000413 / (1 + 13.76) ^ 5) = 0.0042
Price = (Terminal Value + Company Value) / Count shares = (-6.6E-5 + 0.0042) / 3150000 = 1.32

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 FCF(5) * (1 + FCF Yield) / (WACC - FCF Yield)
Company Value = ∑ (Discount FCF / (1 + WACC) ^ 5)
Discount FCF(5) = 0.0069
FCF Yield = -0.1071
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 = 0.0168
Debt = 0.0967
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.0967) = 0
Weight Cost Debt = 100% - 0 = 1
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 = 4.18
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 4.18 * 5.94 + 0 = 0.2762
WACC = (0.0168 / 0.0967) * (100% - 0) * (1 - 0.21) + 0.2762 + 0 = 13.76
Terminal Value = Discount (0.0069 * (1 + -0.1071) / (13.76 - -0.1071)) = 0.0132
Company Value = ∑ (0.0069 / (1 + 13.76) ^ 5) = 0.0311
Price = (Terminal Value + Company Value) / Count shares = (0.0132 + 0.0311) / 3150000 = 14.06