NASDAQ: TBBK - The Bancorp, 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 = 3.49
CAGR EPS = 31.16%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 45.88 + (45.88 * 31.16% / 100) = 60.17

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
Ebitda Yield = -0.8211
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 = 0.0069
Debt = 0.1479
Market Cap = 1.91
Weight Debt = Market Cap / (Market Cap + Debt) = 1.91 / (1.91 + 0.1479) = 0.9281
Weight Cost Debt = 100% - 0.9281 = 0.0719
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 = 0.5113
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0.5113 * 5.94 + 0 = 0.0579
WACC = (0.0069 / 0.1479) * (100% - 0.9281) * (1 - 0.21) + 0.0579 + 0.9281 = 3.72
Terminal Value = Discount (0 * (1 + -0.8211) / (3.72 - -0.8211)) = 0
Company Value = ∑ (0 / (1 + 3.72) ^ 5) = 0
Price = (Terminal Value + Company Value) / Count shares = (0 + 0) / 55050000 = 0

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) = 0.3488
FCF Yield = 0.1492
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 = 0.0069
Debt = 0.1479
Market Cap = 1.91
Weight Debt = Market Cap / (Market Cap + Debt) = 1.91 / (1.91 + 0.1479) = 0.9281
Weight Cost Debt = 100% - 0.9281 = 0.0719
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 = 0.5113
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0.5113 * 5.94 + 0 = 0.0579
WACC = (0.0069 / 0.1479) * (100% - 0.9281) * (1 - 0.21) + 0.0579 + 0.9281 = 3.72
Terminal Value = Discount (0.3488 * (1 + 0.1492) / (3.72 - 0.1492)) = 2.98
Company Value = ∑ (0.3488 / (1 + 3.72) ^ 5) = 1.2
Price = (Terminal Value + Company Value) / Count shares = (2.98 + 1.2) / 55050000 = 75.89