NASDAQ: UTSI - UTStarcom Holdings Corp.

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 = -0.4226
CAGR EPS = 0.9385%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 2.69 + (2.69 * 0.9385% / 100) = 2.71

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) = -0.0079
Ebitda Yield = 0.0385
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 = 0.0014
Debt = 0.0028
Market Cap = 0.0356
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0356 / (0.0356 + 0.0028) = 0.926
Weight Cost Debt = 100% - 0.926 = 0.074
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 = 0.5583
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0.5583 * 5.94 + 0 = 0.0614
WACC = (0.0014 / 0.0028) * (100% - 0.926) * (1 - 0.21) + 0.0614 + 0.926 = 38.59
Terminal Value = Discount (-0.0079 * (1 + 0.0385) / (38.59 - 0.0385)) = -0.0046
Company Value = ∑ (-0.0079 / (1 + 38.59) ^ 5) = -0.015
Price = (Terminal Value + Company Value) / Count shares = (-0.0046 + -0.015) / 9110000 = -2.16

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) = -0.0013
FCF Yield = -0.2251
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 = 0.0014
Debt = 0.0028
Market Cap = 0.0356
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0356 / (0.0356 + 0.0028) = 0.926
Weight Cost Debt = 100% - 0.926 = 0.074
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 = 0.5583
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0.5583 * 5.94 + 0 = 0.0614
WACC = (0.0014 / 0.0028) * (100% - 0.926) * (1 - 0.21) + 0.0614 + 0.926 = 38.59
Terminal Value = Discount (-0.0013 * (1 + -0.2251) / (38.59 - -0.2251)) = -0.000328
Company Value = ∑ (-0.0013 / (1 + 38.59) ^ 5) = -0.0057
Price = (Terminal Value + Company Value) / Count shares = (-0.000328 + -0.0057) / 9110000 = -0.6589