NYSE: BHG - Bright Health Group, 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 = -1.01
CAGR EPS = 67.68%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 10.74 + (10.74 * 67.68% / 100) = 18.01

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) = -9.62
Ebitda Yield = 0.4854
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 = 0.0334
Debt = 0.3039
Market Cap = 0.0763
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0763 / (0.0763 + 0.3039) = 0.2007
Weight Cost Debt = 100% - 0.2007 = 0.7993
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) = 2.89
β = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 0 * 5.94 + 0 = 0.0289
WACC = (0.0334 / 0.3039) * (100% - 0.2007) * (1 - 0.21) + 0.0289 + 0.2007 = 8.67
Terminal Value = Discount (-9.62 * (1 + 0.4854) / (8.67 - 0.4854)) = -23.64
Company Value = ∑ (-9.62 / (1 + 8.67) ^ 5) = -18.69
Price = (Terminal Value + Company Value) / Count shares = (-23.64 + -18.69) / 629460000 = -67.26

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) = -281.78
FCF Yield = 1.62
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 = 0.0334
Debt = 0.3039
Market Cap = 0.0763
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0763 / (0.0763 + 0.3039) = 0.2007
Weight Cost Debt = 100% - 0.2007 = 0.7993
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) = 2.89
β = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 0 * 5.94 + 0 = 0.0289
WACC = (0.0334 / 0.3039) * (100% - 0.2007) * (1 - 0.21) + 0.0289 + 0.2007 = 8.67
Terminal Value = Discount (-281.78 * (1 + 1.62) / (8.67 - 1.62)) = -317.73
Company Value = ∑ (-281.78 / (1 + 8.67) ^ 5) = -313.84
Price = (Terminal Value + Company Value) / Count shares = (-317.73 + -313.84) / 629460000 = -1003.35