NYSE: AMK - AssetMark Financial Holdings, Inc.

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 = 1.65
CAGR EPS = 178.45%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 34.75 + (34.75 * 178.45% / 100) = 96.76

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) = 0.7073
Ebitda Yield = 0.2529
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 = 0.0091
Debt = 0.0981
Market Cap = 2.08
Weight Debt = Market Cap / (Market Cap + Debt) = 2.08 / (2.08 + 0.0981) = 0.955
Weight Cost Debt = 100% - 0.955 = 0.045
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
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0 * 5.94 + 0 = 0.0282
WACC = (0.0091 / 0.0981) * (100% - 0.955) * (1 - 0.21) + 0.0282 + 0.955 = 7.29
Terminal Value = Discount (0.7073 * (1 + 0.2529) / (7.29 - 0.2529)) = 3.46
Company Value = ∑ (0.7073 / (1 + 7.29) ^ 5) = 1.87
Price = (Terminal Value + Company Value) / Count shares = (3.46 + 1.87) / 74440000 = 71.61

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) = 0.4025
FCF Yield = 0.2529
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 = 0.0091
Debt = 0.0981
Market Cap = 2.08
Weight Debt = Market Cap / (Market Cap + Debt) = 2.08 / (2.08 + 0.0981) = 0.955
Weight Cost Debt = 100% - 0.955 = 0.045
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
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0 * 5.94 + 0 = 0.0282
WACC = (0.0091 / 0.0981) * (100% - 0.955) * (1 - 0.21) + 0.0282 + 0.955 = 7.29
Terminal Value = Discount (0.4025 * (1 + 0.2529) / (7.29 - 0.2529)) = 1.97
Company Value = ∑ (0.4025 / (1 + 7.29) ^ 5) = 1.06
Price = (Terminal Value + Company Value) / Count shares = (1.97 + 1.06) / 74440000 = 40.75