NASDAQ: SPWR - SunPower 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 = -1.41
CAGR EPS = 224.89%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 1.64 + (1.64 * 224.89% / 100) = 5.32

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) = 0.029
Ebitda Yield = -1.74
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 = 0.029
Debt = 0.3794
Market Cap = 1.26
Weight Debt = Market Cap / (Market Cap + Debt) = 1.26 / (1.26 + 0.3794) = 0.7686
Weight Cost Debt = 100% - 0.7686 = 0.2314
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 = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 0 * 5.94 + 0 = 0.03
WACC = (0.029 / 0.3794) * (100% - 0.7686) * (1 - 0.21) + 0.03 + 0.7686 = 6.01
Terminal Value = Discount (0.029 * (1 + -1.74) / (6.01 - -1.74)) = -0.0089
Company Value = ∑ (0.029 / (1 + 6.01) ^ 5) = 0.0614
Price = (Terminal Value + Company Value) / Count shares = (-0.0089 + 0.0614) / 175040000 = 0.2996

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) = -0.1098
FCF Yield = -0.1041
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 = 0.029
Debt = 0.3794
Market Cap = 1.26
Weight Debt = Market Cap / (Market Cap + Debt) = 1.26 / (1.26 + 0.3794) = 0.7686
Weight Cost Debt = 100% - 0.7686 = 0.2314
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 = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 0 * 5.94 + 0 = 0.03
WACC = (0.029 / 0.3794) * (100% - 0.7686) * (1 - 0.21) + 0.03 + 0.7686 = 6.01
Terminal Value = Discount (-0.1098 * (1 + -0.1041) / (6.01 - -0.1041)) = -0.4479
Company Value = ∑ (-0.1098 / (1 + 6.01) ^ 5) = -0.5908
Price = (Terminal Value + Company Value) / Count shares = (-0.4479 + -0.5908) / 175040000 = -5.93