NYSE: AAMC - Altisource Asset Management Corporation

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 = -11.12
CAGR EPS = 46.65%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 3.9 + (3.9 * 46.65% / 100) = 5.72

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) = -0.0342
Ebitda Yield = 0.0727
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 = 0.0028
Debt = 0.0009
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.0009) = 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) = 2.6
β = -8.59
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + -8.59 * 5.94 + 0 = -0.4841
WACC = (0.0028 / 0.0009) * (100% - 0) * (1 - 0.21) + -0.4841 + 0 = 245.16
Terminal Value = Discount (-0.0342 * (1 + 0.0727) / (245.16 - 0.0727)) = -3.2E-5
Company Value = ∑ (-0.0342 / (1 + 245.16) ^ 5) = -0.0108
Price = (Terminal Value + Company Value) / Count shares = (-3.2E-5 + -0.0108) / 2930000 = -3.71

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 FCF(5) * (1 + FCF Yield) / (WACC - FCF Yield)
Company Value = ∑ (Discount FCF / (1 + WACC) ^ 5)
Discount FCF(5) = 0.0125
FCF Yield = 0.1814
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 = 0.0028
Debt = 0.0009
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.0009) = 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) = 2.6
β = -8.59
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + -8.59 * 5.94 + 0 = -0.4841
WACC = (0.0028 / 0.0009) * (100% - 0) * (1 - 0.21) + -0.4841 + 0 = 245.16
Terminal Value = Discount (0.0125 * (1 + 0.1814) / (245.16 - 0.1814)) = 1.3E-5
Company Value = ∑ (0.0125 / (1 + 245.16) ^ 5) = 0.0028
Price = (Terminal Value + Company Value) / Count shares = (1.3E-5 + 0.0028) / 2930000 = 0.968