NASDAQ: RKLB - Rocket Lab USA, 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 = -0.379
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 11.46 + (11.46 * 8.66% / 100) = 12.45

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) = -0.5902
Ebitda Yield = 0.3173
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 = 0.0042
Debt = 0.1054
Market Cap = 2.83
Weight Debt = Market Cap / (Market Cap + Debt) = 2.83 / (2.83 + 0.1054) = 0.9641
Weight Cost Debt = 100% - 0.9641 = 0.0359
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) = 2.82
β = 1.18
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 1.18 * 5.94 + 0 = 0.0986
WACC = (0.0042 / 0.1054) * (100% - 0.9641) * (1 - 0.21) + 0.0986 + 0.9641 = 3.25
Terminal Value = Discount (-0.5902 * (1 + 0.3173) / (3.25 - 0.3173)) = -2.33
Company Value = ∑ (-0.5902 / (1 + 3.25) ^ 5) = -1.64
Price = (Terminal Value + Company Value) / Count shares = (-2.33 + -1.64) / 481770000 = -8.23

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) = -0.4126
FCF Yield = 0.2186
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 = 0.0042
Debt = 0.1054
Market Cap = 2.83
Weight Debt = Market Cap / (Market Cap + Debt) = 2.83 / (2.83 + 0.1054) = 0.9641
Weight Cost Debt = 100% - 0.9641 = 0.0359
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) = 2.82
β = 1.18
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 1.18 * 5.94 + 0 = 0.0986
WACC = (0.0042 / 0.1054) * (100% - 0.9641) * (1 - 0.21) + 0.0986 + 0.9641 = 3.25
Terminal Value = Discount (-0.4126 * (1 + 0.2186) / (3.25 - 0.2186)) = -2.3
Company Value = ∑ (-0.4126 / (1 + 3.25) ^ 5) = -1.3
Price = (Terminal Value + Company Value) / Count shares = (-2.3 + -1.3) / 481770000 = -7.47