NASDAQ: RSVR - Reservoir Media, 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 = 0.0099
CAGR EPS = -42.48%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0.0099 * (1 + -42.48%) / (0.0433 * 2) = 0.0656

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) = 0.0896
Ebitda Yield = 0.1256
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 = 0.0211
Debt = 0.3318
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.3318) = 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) = 2.75
β = 1.46
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 1.46 * 5.94 + 0 = 0.1143
WACC = (0.0211 / 0.3318) * (100% - 0) * (1 - 0.21) + 0.1143 + 0 = 5.02
Terminal Value = Discount (0.0896 * (1 + 0.1256) / (5.02 - 0.1256)) = 1.05
Company Value = ∑ (0.0896 / (1 + 5.02) ^ 5) = 0.3066
Price = (Terminal Value + Company Value) / Count shares = (1.05 + 0.3066) / 64830000 = 20.87

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 FCF(5) * (1 + FCF Yield) / (WACC - FCF Yield)
Company Value = ∑ (Discount FCF / (1 + WACC) ^ 5)
Discount FCF(5) = 0.0015
FCF Yield = -1.64
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 = 0.0211
Debt = 0.3318
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.3318) = 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) = 2.75
β = 1.46
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 1.46 * 5.94 + 0 = 0.1143
WACC = (0.0211 / 0.3318) * (100% - 0) * (1 - 0.21) + 0.1143 + 0 = 5.02
Terminal Value = Discount (0.0015 * (1 + -1.64) / (5.02 - -1.64)) = -0.000436
Company Value = ∑ (0.0015 / (1 + 5.02) ^ 5) = 0.0058
Price = (Terminal Value + Company Value) / Count shares = (-0.000436 + 0.0058) / 64830000 = 0.0826