NASDAQ: LYFT - Lyft, 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 = -0.8832
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 13.01 + (13.01 * 8.66% / 100) = 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 Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = -0.0263
Ebitda Yield = -0.3261
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 = 0.0262
Debt = 0.9329
Market Cap = 4.3
Weight Debt = Market Cap / (Market Cap + Debt) = 4.3 / (4.3 + 0.9329) = 0.8217
Weight Cost Debt = 100% - 0.8217 = 0.1783
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 = 1.08
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 1.08 * 5.94 + 0 = 0.0928
WACC = (0.0262 / 0.9329) * (100% - 0.8217) * (1 - 0.21) + 0.0928 + 0.8217 = 2.28
Terminal Value = Discount (-0.0263 * (1 + -0.3261) / (2.28 - -0.3261)) = -0.0453
Company Value = ∑ (-0.0263 / (1 + 2.28) ^ 5) = -0.3197
Price = (Terminal Value + Company Value) / Count shares = (-0.0453 + -0.3197) / 385340000 = -0.9473

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) = -0.2228
FCF Yield = -0.0212
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 = 0.0262
Debt = 0.9329
Market Cap = 4.3
Weight Debt = Market Cap / (Market Cap + Debt) = 4.3 / (4.3 + 0.9329) = 0.8217
Weight Cost Debt = 100% - 0.8217 = 0.1783
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 = 1.08
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 1.08 * 5.94 + 0 = 0.0928
WACC = (0.0262 / 0.9329) * (100% - 0.8217) * (1 - 0.21) + 0.0928 + 0.8217 = 2.28
Terminal Value = Discount (-0.2228 * (1 + -0.0212) / (2.28 - -0.0212)) = -4.42
Company Value = ∑ (-0.2228 / (1 + 2.28) ^ 5) = -1.09
Price = (Terminal Value + Company Value) / Count shares = (-4.42 + -1.09) / 385340000 = -14.31