NASDAQ: WAY - Waystar Holding 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 = -0.308
CAGR EPS = 2.9%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 18.41 + (18.41 * 2.9% / 100) = 18.94

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) = 0.4469
Ebitda Yield = 0.0701
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 = 0.2059
Debt = 2.22
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 2.22) = 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) = 3
β = 3.81
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 3.81 * 5.94 + 0 = 0.2561
WACC = (0.2059 / 2.22) * (100% - 0) * (1 - 0.21) + 0.2561 + 0 = 7.32
Terminal Value = Discount (0.4469 * (1 + 0.0701) / (7.32 - 0.0701)) = 107.37
Company Value = ∑ (0.4469 / (1 + 7.32) ^ 5) = 1.58
Price = (Terminal Value + Company Value) / Count shares = (107.37 + 1.58) / 166660000 = 653.69

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) = 0.0071
FCF Yield = -0.2495
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 = 0.2059
Debt = 2.22
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 2.22) = 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) = 3
β = 3.81
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 3.81 * 5.94 + 0 = 0.2561
WACC = (0.2059 / 2.22) * (100% - 0) * (1 - 0.21) + 0.2561 + 0 = 7.32
Terminal Value = Discount (0.0071 * (1 + -0.2495) / (7.32 - -0.2495)) = 0.0116
Company Value = ∑ (0.0071 / (1 + 7.32) ^ 5) = 0.058
Price = (Terminal Value + Company Value) / Count shares = (0.0116 + 0.058) / 166660000 = 0.4179