NASDAQ: SOHO - Sotherly Hotels 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 = 0.2092
CAGR EPS = 19.4%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 1.26 + (1.26 * 19.4% / 100) = 1.5

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) = 0.0317
Ebitda Yield = -0.0301
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 = 0.0176
Debt = 0.3193
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.3193) = 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) = 2.89
β = -1.77
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -1.77 * 5.94 + 0 = -0.076
WACC = (0.0176 / 0.3193) * (100% - 0) * (1 - 0.21) + -0.076 + 0 = 4.35
Terminal Value = Discount (0.0317 * (1 + -0.0301) / (4.35 - -0.0301)) = 0.3376
Company Value = ∑ (0.0317 / (1 + 4.35) ^ 5) = 0.1492
Price = (Terminal Value + Company Value) / Count shares = (0.3376 + 0.1492) / 18840000 = 25.84

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) = 0.0206
FCF Yield = -0.008
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 = 0.0176
Debt = 0.3193
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.3193) = 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) = 2.89
β = -1.77
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -1.77 * 5.94 + 0 = -0.076
WACC = (0.0176 / 0.3193) * (100% - 0) * (1 - 0.21) + -0.076 + 0 = 4.35
Terminal Value = Discount (0.0206 * (1 + -0.008) / (4.35 - -0.008)) = 0.3201
Company Value = ∑ (0.0206 / (1 + 4.35) ^ 5) = 0.0922
Price = (Terminal Value + Company Value) / Count shares = (0.3201 + 0.0922) / 18840000 = 21.88