NASDAQ: ROCK - Gibraltar Industries, Inc.

Price = EPS * (1 + CAGR EPS) / (Key Rate * Excess Key Rate)
EPS = Earning Per Share
CAGR EPS = CAGR 5 EPS
Key Rate — Nøkkelrente
Excess Key Rate — Ønsket overskridelse av styringsrenten
EPS = 3.59
CAGR EPS = 12.53%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 3.59 * (1 + 12.53%) / (0.0433 * 2) = 46.65

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) = 0.2707
Ebitda Yield = 0.0858
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 = 0.003
Debt = 0.0463
Market Cap = 2.15
Weight Debt = Market Cap / (Market Cap + Debt) = 2.15 / (2.15 + 0.0463) = 0.9789
Weight Cost Debt = 100% - 0.9789 = 0.0211
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) = 3
β = -1.58
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -1.58 * 5.94 + 0 = -0.0639
WACC = (0.003 / 0.0463) * (100% - 0.9789) * (1 - 0.21) + -0.0639 + 0.9789 = 5.01
Terminal Value = Discount (0.2707 * (1 + 0.0858) / (5.01 - 0.0858)) = 6.46
Company Value = ∑ (0.2707 / (1 + 5.01) ^ 5) = 0.9924
Price = (Terminal Value + Company Value) / Count shares = (6.46 + 0.9924) / 30790000 = 241.99

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) = 0.3174
FCF Yield = 0.0919
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 = 0.003
Debt = 0.0463
Market Cap = 2.15
Weight Debt = Market Cap / (Market Cap + Debt) = 2.15 / (2.15 + 0.0463) = 0.9789
Weight Cost Debt = 100% - 0.9789 = 0.0211
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) = 3
β = -1.58
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -1.58 * 5.94 + 0 = -0.0639
WACC = (0.003 / 0.0463) * (100% - 0.9789) * (1 - 0.21) + -0.0639 + 0.9789 = 5.01
Terminal Value = Discount (0.3174 * (1 + 0.0919) / (5.01 - 0.0919)) = 6.5
Company Value = ∑ (0.3174 / (1 + 5.01) ^ 5) = 1.15
Price = (Terminal Value + Company Value) / Count shares = (6.5 + 1.15) / 30790000 = 248.65