NYSE: CACI - CACI International 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 = 18.6
CAGR EPS = 8.09%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 18.6 * (1 + 8.09%) / (0.0458 * 2) = 219.51

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) = 1.03
Ebitda Yield = 0.0549
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 = 0.1051
Debt = 1.59
Market Cap = 7.46
Weight Debt = Market Cap / (Market Cap + Debt) = 7.46 / (7.46 + 1.59) = 0.824
Weight Cost Debt = 100% - 0.824 = 0.176
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) = 2.6
β = 2.53
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 2.53 * 5.94 + 0 = 0.1761
WACC = (0.1051 / 1.59) * (100% - 0.824) * (1 - 0.21) + 0.1761 + 0.824 = 5.31
Terminal Value = Discount (1.03 * (1 + 0.0549) / (5.31 - 0.0549)) = 479.42
Company Value = ∑ (1.03 / (1 + 5.31) ^ 5) = 3.98
Price = (Terminal Value + Company Value) / Count shares = (479.42 + 3.98) / 23410000 = 20649.25

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) = 0.4237
FCF Yield = -0.0046
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 = 0.1051
Debt = 1.59
Market Cap = 7.46
Weight Debt = Market Cap / (Market Cap + Debt) = 7.46 / (7.46 + 1.59) = 0.824
Weight Cost Debt = 100% - 0.824 = 0.176
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) = 2.6
β = 2.53
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 2.53 * 5.94 + 0 = 0.1761
WACC = (0.1051 / 1.59) * (100% - 0.824) * (1 - 0.21) + 0.1761 + 0.824 = 5.31
Terminal Value = Discount (0.4237 * (1 + -0.0046) / (5.31 - -0.0046)) = 5.64
Company Value = ∑ (0.4237 / (1 + 5.31) ^ 5) = 1.84
Price = (Terminal Value + Company Value) / Count shares = (5.64 + 1.84) / 23410000 = 319.44