NASDAQ: NICK - Nicholas Financial, 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 = -2.85
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 6.38 + (6.38 * 8.66% / 100) = 6.93

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) = 1.1E-5
Ebitda Yield = -0.3993
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 = 0.000929
Debt = 0.0398
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.0398) = 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) = 2.89
β = 0.8876
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 0.8876 * 5.94 + 0 = 0.0816
WACC = (0.000929 / 0.0398) * (100% - 0) * (1 - 0.21) + 0.0816 + 0 = 1.84
Terminal Value = Discount (1.1E-5 * (1 + -0.3993) / (1.84 - -0.3993)) = 1.5E-5
Company Value = ∑ (1.1E-5 / (1 + 1.84) ^ 5) = 0.000194
Price = (Terminal Value + Company Value) / Count shares = (1.5E-5 + 0.000194) / 7250000 = 0.0288

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) = 0.000473
FCF Yield = -0.2358
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 = 0.000929
Debt = 0.0398
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.0398) = 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) = 2.89
β = 0.8876
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 0.8876 * 5.94 + 0 = 0.0816
WACC = (0.000929 / 0.0398) * (100% - 0) * (1 - 0.21) + 0.0816 + 0 = 1.84
Terminal Value = Discount (0.000473 * (1 + -0.2358) / (1.84 - -0.2358)) = 0.0013
Company Value = ∑ (0.000473 / (1 + 1.84) ^ 5) = 0.0042
Price = (Terminal Value + Company Value) / Count shares = (0.0013 + 0.0042) / 7250000 = 0.7519