NYSE: DDL - Dingdong (Cayman) Limited

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 = -0.461
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 2.75 + (2.75 * 8.66% / 100) = 2.98

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) = 0.3336
Ebitda Yield = 0.1287
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 = 0.099
Debt = 4.52
Market Cap = 0.4867
Weight Debt = Market Cap / (Market Cap + Debt) = 0.4867 / (0.4867 + 4.52) = 0.0972
Weight Cost Debt = 100% - 0.0972 = 0.9028
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) = 2.75
β = 9.54
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 9.54 * 5.94 + 0 = 0.5941
WACC = (0.099 / 4.52) * (100% - 0.0972) * (1 - 0.21) + 0.5941 + 0.0972 = 1.78
Terminal Value = Discount (0.3336 * (1 + 0.1287) / (1.78 - 0.1287)) = 3.11
Company Value = ∑ (0.3336 / (1 + 1.78) ^ 5) = 1.25
Price = (Terminal Value + Company Value) / Count shares = (3.11 + 1.25) / 216650000 = 20.14

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) = -0.1218
FCF Yield = -0.1746
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 = 0.099
Debt = 4.52
Market Cap = 0.4867
Weight Debt = Market Cap / (Market Cap + Debt) = 0.4867 / (0.4867 + 4.52) = 0.0972
Weight Cost Debt = 100% - 0.0972 = 0.9028
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) = 2.75
β = 9.54
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 9.54 * 5.94 + 0 = 0.5941
WACC = (0.099 / 4.52) * (100% - 0.0972) * (1 - 0.21) + 0.5941 + 0.0972 = 1.78
Terminal Value = Discount (-0.1218 * (1 + -0.1746) / (1.78 - -0.1746)) = -0.4781
Company Value = ∑ (-0.1218 / (1 + 1.78) ^ 5) = -0.8854
Price = (Terminal Value + Company Value) / Count shares = (-0.4781 + -0.8854) / 216650000 = -6.29