NYSE: BCEI - Bonanza Creek Energy, 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 = 1.92
CAGR EPS = 87.45%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 1.92 * (1 + 87.45%) / (0.0433 * 2) = 41.56

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) = 0.8639
Ebitda Yield = 0.4525
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
Debt = 0.1884
Market Cap = 1.73
Weight Debt = Market Cap / (Market Cap + Debt) = 1.73 / (1.73 + 0.1884) = 0.9018
Weight Cost Debt = 100% - 0.9018 = 0.0982
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 / 0.1884) * (100% - 0.9018) * (1 - 0.21) + 0.0282 + 0.9018 = 0.0254
Terminal Value = Discount (0.8639 * (1 + 0.4525) / (0.0254 - 0.4525)) = 2.77
Company Value = ∑ (0.8639 / (1 + 0.0254) ^ 5) = 2.34
Price = (Terminal Value + Company Value) / Count shares = (2.77 + 2.34) / 20000000 = 255.63

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) = 0.3655
FCF Yield = 0.2327
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
Debt = 0.1884
Market Cap = 1.73
Weight Debt = Market Cap / (Market Cap + Debt) = 1.73 / (1.73 + 0.1884) = 0.9018
Weight Cost Debt = 100% - 0.9018 = 0.0982
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 / 0.1884) * (100% - 0.9018) * (1 - 0.21) + 0.0282 + 0.9018 = 0.0254
Terminal Value = Discount (0.3655 * (1 + 0.2327) / (0.0254 - 0.2327)) = 1.94
Company Value = ∑ (0.3655 / (1 + 0.0254) ^ 5) = 1.25
Price = (Terminal Value + Company Value) / Count shares = (1.94 + 1.25) / 20000000 = 159.53