NASDAQ: ODP - The ODP Corporation

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 = 3.48
CAGR EPS = 14.06%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 37.34 + (37.34 * 14.06% / 100) = 42.59

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) = 0.2084
Ebitda Yield = -0.0906
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 = 0.02
Debt = 0.426
Market Cap = 1.86
Weight Debt = Market Cap / (Market Cap + Debt) = 1.86 / (1.86 + 0.426) = 0.8136
Weight Cost Debt = 100% - 0.8136 = 0.1864
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 = -1.82
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -1.82 * 5.94 + 0 = -0.0794
WACC = (0.02 / 0.426) * (100% - 0.8136) * (1 - 0.21) + -0.0794 + 0.8136 = 3.61
Terminal Value = Discount (0.2084 * (1 + -0.0906) / (3.61 - -0.0906)) = 1.25
Company Value = ∑ (0.2084 / (1 + 3.61) ^ 5) = 1.15
Price = (Terminal Value + Company Value) / Count shares = (1.25 + 1.15) / 40000000 = 60.09

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) = 0.2343
FCF Yield = 0.0073
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 = 0.02
Debt = 0.426
Market Cap = 1.86
Weight Debt = Market Cap / (Market Cap + Debt) = 1.86 / (1.86 + 0.426) = 0.8136
Weight Cost Debt = 100% - 0.8136 = 0.1864
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 = -1.82
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -1.82 * 5.94 + 0 = -0.0794
WACC = (0.02 / 0.426) * (100% - 0.8136) * (1 - 0.21) + -0.0794 + 0.8136 = 3.61
Terminal Value = Discount (0.2343 * (1 + 0.0073) / (3.61 - 0.0073)) = 6.85
Company Value = ∑ (0.2343 / (1 + 3.61) ^ 5) = 1.04
Price = (Terminal Value + Company Value) / Count shares = (6.85 + 1.04) / 40000000 = 197.15