NYSE: BE - Bloom Energy 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 = -1.42
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 17.56 + (17.56 * 8.66% / 100) = 19.08

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) = -0.1257
Ebitda Yield = -0.0143
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 = 0.1083
Debt = 0.9069
Market Cap = 3.26
Weight Debt = Market Cap / (Market Cap + Debt) = 3.26 / (3.26 + 0.9069) = 0.7824
Weight Cost Debt = 100% - 0.7824 = 0.2176
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 = 1.63
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 1.63 * 5.94 + 0 = 0.1249
WACC = (0.1083 / 0.9069) * (100% - 0.7824) * (1 - 0.21) + 0.1249 + 0.7824 = 9.46
Terminal Value = Discount (-0.1257 * (1 + -0.0143) / (9.46 - -0.0143)) = -0.7244
Company Value = ∑ (-0.1257 / (1 + 9.46) ^ 5) = -0.4989
Price = (Terminal Value + Company Value) / Count shares = (-0.7244 + -0.4989) / 212680000 = -5.75

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) = 0.2124
FCF Yield = -1.86
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 = 0.1083
Debt = 0.9069
Market Cap = 3.26
Weight Debt = Market Cap / (Market Cap + Debt) = 3.26 / (3.26 + 0.9069) = 0.7824
Weight Cost Debt = 100% - 0.7824 = 0.2176
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 = 1.63
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 1.63 * 5.94 + 0 = 0.1249
WACC = (0.1083 / 0.9069) * (100% - 0.7824) * (1 - 0.21) + 0.1249 + 0.7824 = 9.46
Terminal Value = Discount (0.2124 * (1 + -1.86) / (9.46 - -1.86)) = -0.0594
Company Value = ∑ (0.2124 / (1 + 9.46) ^ 5) = 0.2599
Price = (Terminal Value + Company Value) / Count shares = (-0.0594 + 0.2599) / 212680000 = 0.9428