NASDAQ: ZI - ZoomInfo Technologies Inc.

Price = EPS * (1 + CAGR EPS) / (Key Rate * Excess Key Rate)
EPS = Earning Per Share
CAGR EPS = CAGR 5 EPS
Key Rate — Nøkkelrente
Excess Key Rate — Ønsket overskridelse av styringsrenten
EPS = 0.0803
CAGR EPS = 18.97%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0.0803 * (1 + 18.97%) / (0.0433 * 2) = 1.1

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) = 0.1972
Ebitda Yield = 0.0476
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 = 0.0393
Debt = 0.167
Market Cap = 7
Weight Debt = Market Cap / (Market Cap + Debt) = 7 / (7 + 0.167) = 0.9767
Weight Cost Debt = 100% - 0.9767 = 0.0233
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 = -1.24
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + -1.24 * 5.94 + 0 = -0.0457
WACC = (0.0393 / 0.167) * (100% - 0.9767) * (1 - 0.21) + -0.0457 + 0.9767 = 18.36
Terminal Value = Discount (0.1972 * (1 + 0.0476) / (18.36 - 0.0476)) = 0.6533
Company Value = ∑ (0.1972 / (1 + 18.36) ^ 5) = 0.5499
Price = (Terminal Value + Company Value) / Count shares = (0.6533 + 0.5499) / 362190000 = 3.32

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 FCF(5) * (1 + FCF Yield) / (WACC - FCF Yield)
Company Value = ∑ (Discount FCF / (1 + WACC) ^ 5)
Discount FCF(5) = 0.7576
FCF Yield = 0.1545
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 = 0.0393
Debt = 0.167
Market Cap = 7
Weight Debt = Market Cap / (Market Cap + Debt) = 7 / (7 + 0.167) = 0.9767
Weight Cost Debt = 100% - 0.9767 = 0.0233
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 = -1.24
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + -1.24 * 5.94 + 0 = -0.0457
WACC = (0.0393 / 0.167) * (100% - 0.9767) * (1 - 0.21) + -0.0457 + 0.9767 = 18.36
Terminal Value = Discount (0.7576 * (1 + 0.1545) / (18.36 - 0.1545)) = 12.9
Company Value = ∑ (0.7576 / (1 + 18.36) ^ 5) = 1.71
Price = (Terminal Value + Company Value) / Count shares = (12.9 + 1.71) / 362190000 = 40.36