NASDAQ: NCMI - National CineMedia, 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 = 14.52
CAGR EPS = 99.45%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 5.52 + (5.52 * 99.45% / 100) = 11

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) = 2.25
Ebitda Yield = 0.2453
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 = 0.0279
Debt = 0.011
Market Cap = 0.3736
Weight Debt = Market Cap / (Market Cap + Debt) = 0.3736 / (0.3736 + 0.011) = 0.9714
Weight Cost Debt = 100% - 0.9714 = 0.0286
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 = 0.1826
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 0.1826 * 5.94 + 0 = 0.0397
WACC = (0.0279 / 0.011) * (100% - 0.9714) * (1 - 0.21) + 0.0397 + 0.9714 = 198.46
Terminal Value = Discount (2.25 * (1 + 0.2453) / (198.46 - 0.2453)) = 0.0068
Company Value = ∑ (2.25 / (1 + 198.46) ^ 5) = 0.5302
Price = (Terminal Value + Company Value) / Count shares = (0.0068 + 0.5302) / 48570000 = 11.06

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) = 1.7E-5
FCF Yield = -1.28
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 = 0.0279
Debt = 0.011
Market Cap = 0.3736
Weight Debt = Market Cap / (Market Cap + Debt) = 0.3736 / (0.3736 + 0.011) = 0.9714
Weight Cost Debt = 100% - 0.9714 = 0.0286
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 = 0.1826
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 0.1826 * 5.94 + 0 = 0.0397
WACC = (0.0279 / 0.011) * (100% - 0.9714) * (1 - 0.21) + 0.0397 + 0.9714 = 198.46
Terminal Value = Discount (1.7E-5 * (1 + -1.28) / (198.46 - -1.28)) = 0
Company Value = ∑ (1.7E-5 / (1 + 198.46) ^ 5) = 0.000857
Price = (Terminal Value + Company Value) / Count shares = (0 + 0.000857) / 48570000 = 0.0176