NASDAQ: TEAM - Atlassian Corporation Plc

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 = -1.16
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 266.06 + (266.06 * 8.66% / 100) = 289.1

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) = 0.1124
Ebitda Yield = 0.144
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 = 0.0341
Debt = 1.25
Market Cap = 47.88
Weight Debt = Market Cap / (Market Cap + Debt) = 47.88 / (47.88 + 1.25) = 0.9746
Weight Cost Debt = 100% - 0.9746 = 0.0254
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 = 12.43
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 12.43 * 5.94 + 0 = 0.7682
WACC = (0.0341 / 1.25) * (100% - 0.9746) * (1 - 0.21) + 0.7682 + 0.9746 = 2.88
Terminal Value = Discount (0.1124 * (1 + 0.144) / (2.88 - 0.144)) = 0.9684
Company Value = ∑ (0.1124 / (1 + 2.88) ^ 5) = 0.3987
Price = (Terminal Value + Company Value) / Count shares = (0.9684 + 0.3987) / 259130000 = 5.28

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) = 3.11
FCF Yield = 0.1705
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 = 0.0341
Debt = 1.25
Market Cap = 47.88
Weight Debt = Market Cap / (Market Cap + Debt) = 47.88 / (47.88 + 1.25) = 0.9746
Weight Cost Debt = 100% - 0.9746 = 0.0254
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 = 12.43
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 12.43 * 5.94 + 0 = 0.7682
WACC = (0.0341 / 1.25) * (100% - 0.9746) * (1 - 0.21) + 0.7682 + 0.9746 = 2.88
Terminal Value = Discount (3.11 * (1 + 0.1705) / (2.88 - 0.1705)) = 22.28
Company Value = ∑ (3.11 / (1 + 2.88) ^ 5) = 10.59
Price = (Terminal Value + Company Value) / Count shares = (22.28 + 10.59) / 259130000 = 126.88