NYSE: ARNC - Arconic

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 = -1.75
CAGR EPS = -202.66%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 0 + (0 * -202.66% / 100) = 19.58

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) = 0.3327
Ebitda Yield = -0.0531
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 = 0.104
Debt = 1.71
Market Cap = 3.01
Weight Debt = Market Cap / (Market Cap + Debt) = 3.01 / (3.01 + 1.71) = 0.6372
Weight Cost Debt = 100% - 0.6372 = 0.3628
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 = -0.0558
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -0.0558 * 5.94 + 0 = 0.0242
WACC = (0.104 / 1.71) * (100% - 0.6372) * (1 - 0.21) + 0.0242 + 0.6372 = 4.78
Terminal Value = Discount (0.3327 * (1 + -0.0531) / (4.78 - -0.0531)) = 2.47
Company Value = ∑ (0.3327 / (1 + 4.78) ^ 5) = 1.63
Price = (Terminal Value + Company Value) / Count shares = (2.47 + 1.63) / 103600000 = 39.6

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) = 0.2874
FCF Yield = 0.0104
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 = 0.104
Debt = 1.71
Market Cap = 3.01
Weight Debt = Market Cap / (Market Cap + Debt) = 3.01 / (3.01 + 1.71) = 0.6372
Weight Cost Debt = 100% - 0.6372 = 0.3628
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 = -0.0558
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -0.0558 * 5.94 + 0 = 0.0242
WACC = (0.104 / 1.71) * (100% - 0.6372) * (1 - 0.21) + 0.0242 + 0.6372 = 4.78
Terminal Value = Discount (0.2874 * (1 + 0.0104) / (4.78 - 0.0104)) = 6.14
Company Value = ∑ (0.2874 / (1 + 4.78) ^ 5) = 1.23
Price = (Terminal Value + Company Value) / Count shares = (6.14 + 1.23) / 103600000 = 71.13