NYSE: ARGO - Argo Group International Holdings, Ltd.

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 = -5.01
CAGR EPS = 89.05%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 29.99 + (29.99 * 89.05% / 100) = 56.69

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 Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = 0.0749
Ebitda Yield = -1.82
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 = 0.0268
Debt = 0.3991
Market Cap = 1.05
Weight Debt = Market Cap / (Market Cap + Debt) = 1.05 / (1.05 + 0.3991) = 0.7246
Weight Cost Debt = 100% - 0.7246 = 0.2754
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) = 2.75
β = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0 * 5.94 + 0 = 0.0275
WACC = (0.0268 / 0.3991) * (100% - 0.7246) * (1 - 0.21) + 0.0275 + 0.7246 = 5.29
Terminal Value = Discount (0.0749 * (1 + -1.82) / (5.29 - -1.82)) = -0.0253
Company Value = ∑ (0.0749 / (1 + 5.29) ^ 5) = 0.1146
Price = (Terminal Value + Company Value) / Count shares = (-0.0253 + 0.1146) / 34980000 = 2.55

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) = 0.0892
FCF Yield = -0.0469
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 = 0.0268
Debt = 0.3991
Market Cap = 1.05
Weight Debt = Market Cap / (Market Cap + Debt) = 1.05 / (1.05 + 0.3991) = 0.7246
Weight Cost Debt = 100% - 0.7246 = 0.2754
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) = 2.75
β = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0 * 5.94 + 0 = 0.0275
WACC = (0.0268 / 0.3991) * (100% - 0.7246) * (1 - 0.21) + 0.0275 + 0.7246 = 5.29
Terminal Value = Discount (0.0892 * (1 + -0.0469) / (5.29 - -0.0469)) = 0.6585
Company Value = ∑ (0.0892 / (1 + 5.29) ^ 5) = 0.4248
Price = (Terminal Value + Company Value) / Count shares = (0.6585 + 0.4248) / 34980000 = 30.97