NYSE: BURL - Burlington Stores, 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 = 5.23
CAGR EPS = -5.41%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 5.23 * (1 + -5.41%) / (0.0433 * 2) = 57.15

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) = 0.8587
Ebitda Yield = 0.0017
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 = 0.0784
Debt = 4.8
Market Cap = 11.18
Weight Debt = Market Cap / (Market Cap + Debt) = 11.18 / (11.18 + 4.8) = 0.6994
Weight Cost Debt = 100% - 0.6994 = 0.3006
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 = 0.4641
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0.4641 * 5.94 + 0 = 0.0558
WACC = (0.0784 / 4.8) * (100% - 0.6994) * (1 - 0.21) + 0.0558 + 0.6994 = 1.32
Terminal Value = Discount (0.8587 * (1 + 0.0017) / (1.32 - 0.0017)) = 70.41
Company Value = ∑ (0.8587 / (1 + 1.32) ^ 5) = 4.11
Price = (Terminal Value + Company Value) / Count shares = (70.41 + 4.11) / 64920000 = 1147.9

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) = 0.2426
FCF Yield = -0.0714
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 = 0.0784
Debt = 4.8
Market Cap = 11.18
Weight Debt = Market Cap / (Market Cap + Debt) = 11.18 / (11.18 + 4.8) = 0.6994
Weight Cost Debt = 100% - 0.6994 = 0.3006
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 = 0.4641
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0.4641 * 5.94 + 0 = 0.0558
WACC = (0.0784 / 4.8) * (100% - 0.6994) * (1 - 0.21) + 0.0558 + 0.6994 = 1.32
Terminal Value = Discount (0.2426 * (1 + -0.0714) / (1.32 - -0.0714)) = 2.49
Company Value = ∑ (0.2426 / (1 + 1.32) ^ 5) = 1.36
Price = (Terminal Value + Company Value) / Count shares = (2.49 + 1.36) / 64920000 = 59.4