NASDAQ: SCPL - SciPlay 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 = 6.16
CAGR EPS = 11.12%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 22.94 + (22.94 * 11.12% / 100) = 25.49

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) = 0.2772
Ebitda Yield = 0.0809
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 = 0.0054
Market Cap = 0.481
Weight Debt = Market Cap / (Market Cap + Debt) = 0.481 / (0.481 + 0.0054) = 0.9889
Weight Cost Debt = 100% - 0.9889 = 0.0111
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 = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0 * 5.94 + 0 = 0.0282
WACC = (0.003 / 0.0054) * (100% - 0.9889) * (1 - 0.21) + 0.0282 + 0.9889 = 43.48
Terminal Value = Discount (0.2772 * (1 + 0.0809) / (43.48 - 0.0809)) = 0.1392
Company Value = ∑ (0.2772 / (1 + 43.48) ^ 5) = 0.4346
Price = (Terminal Value + Company Value) / Count shares = (0.1392 + 0.4346) / 24500000 = 23.42

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) = 0.2172
FCF Yield = 0.0884
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 = 0.0054
Market Cap = 0.481
Weight Debt = Market Cap / (Market Cap + Debt) = 0.481 / (0.481 + 0.0054) = 0.9889
Weight Cost Debt = 100% - 0.9889 = 0.0111
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 = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0 * 5.94 + 0 = 0.0282
WACC = (0.003 / 0.0054) * (100% - 0.9889) * (1 - 0.21) + 0.0282 + 0.9889 = 43.48
Terminal Value = Discount (0.2172 * (1 + 0.0884) / (43.48 - 0.0884)) = 0.1122
Company Value = ∑ (0.2172 / (1 + 43.48) ^ 5) = 0.3346
Price = (Terminal Value + Company Value) / Count shares = (0.1122 + 0.3346) / 24500000 = 18.24