NASDAQ: OCDX - Ortho Clinical Diagnostics Holdings plc

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 = -0.24
CAGR EPS = 15.49%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 18.94 + (18.94 * 15.49% / 100) = 21.87

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) = 0.3293
Ebitda Yield = -0.0452
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
Debt = 2.26
Market Cap = 4.2
Weight Debt = Market Cap / (Market Cap + Debt) = 4.2 / (4.2 + 2.26) = 0.6502
Weight Cost Debt = 100% - 0.6502 = 0.3498
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
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 0 * 5.94 + 0 = 0.0289
WACC = (0 / 2.26) * (100% - 0.6502) * (1 - 0.21) + 0.0289 + 0.6502 = 0.0188
Terminal Value = Discount (0.3293 * (1 + -0.0452) / (0.0188 - -0.0452)) = 6.92
Company Value = ∑ (0.3293 / (1 + 0.0188) ^ 5) = 1.81
Price = (Terminal Value + Company Value) / Count shares = (6.92 + 1.81) / 216000000 = 40.43

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) = 1.66
FCF Yield = 0.4868
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
Debt = 2.26
Market Cap = 4.2
Weight Debt = Market Cap / (Market Cap + Debt) = 4.2 / (4.2 + 2.26) = 0.6502
Weight Cost Debt = 100% - 0.6502 = 0.3498
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
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 0 * 5.94 + 0 = 0.0289
WACC = (0 / 2.26) * (100% - 0.6502) * (1 - 0.21) + 0.0289 + 0.6502 = 0.0188
Terminal Value = Discount (1.66 * (1 + 0.4868) / (0.0188 - 0.4868)) = 5.06
Company Value = ∑ (1.66 / (1 + 0.0188) ^ 5) = 4.36
Price = (Terminal Value + Company Value) / Count shares = (5.06 + 4.36) / 216000000 = 43.6