NYSE: DOOR - Masonite International Corporation

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 = 5.29
CAGR EPS = 24.77%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 5.29 * (1 + 24.77%) / (0.0433 * 2) = 76.23

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) = 0.5198
Ebitda Yield = 0.0613
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 = 0.0508
Debt = 1.12
Market Cap = 2.27
Weight Debt = Market Cap / (Market Cap + Debt) = 2.27 / (2.27 + 1.12) = 0.6698
Weight Cost Debt = 100% - 0.6698 = 0.3302
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) = 3
β = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 0 * 5.94 + 0 = 0.03
WACC = (0.0508 / 1.12) * (100% - 0.6698) * (1 - 0.21) + 0.03 + 0.6698 = 3.58
Terminal Value = Discount (0.5198 * (1 + 0.0613) / (3.58 - 0.0613)) = 18.19
Company Value = ∑ (0.5198 / (1 + 3.58) ^ 5) = 2.08
Price = (Terminal Value + Company Value) / Count shares = (18.19 + 2.08) / 22350000 = 906.96

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) = 0.5436
FCF Yield = 0.13
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 = 0.0508
Debt = 1.12
Market Cap = 2.27
Weight Debt = Market Cap / (Market Cap + Debt) = 2.27 / (2.27 + 1.12) = 0.6698
Weight Cost Debt = 100% - 0.6698 = 0.3302
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) = 3
β = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 0 * 5.94 + 0 = 0.03
WACC = (0.0508 / 1.12) * (100% - 0.6698) * (1 - 0.21) + 0.03 + 0.6698 = 3.58
Terminal Value = Discount (0.5436 * (1 + 0.13) / (3.58 - 0.13)) = 5.47
Company Value = ∑ (0.5436 / (1 + 3.58) ^ 5) = 1.93
Price = (Terminal Value + Company Value) / Count shares = (5.47 + 1.93) / 22350000 = 331.15