NYSE: GNRC - Generac Holdings 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 = 3.27
CAGR EPS = -4.08%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 3.27 * (1 + -4.08%) / (0.0433 * 2) = 36.25

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 Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = 0.6903
Ebitda Yield = 0.0452
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 = 0.0976
Debt = 1.51
Market Cap = 7.06
Weight Debt = Market Cap / (Market Cap + Debt) = 7.06 / (7.06 + 1.51) = 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) = 2.82
β = 2.79
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 2.79 * 5.94 + 0 = 0.1941
WACC = (0.0976 / 1.51) * (100% - 0.824) * (1 - 0.21) + 0.1941 + 0.824 = 5.23
Terminal Value = Discount (0.6903 * (1 + 0.0452) / (5.23 - 0.0452)) = 78.93
Company Value = ∑ (0.6903 / (1 + 5.23) ^ 5) = 2.71
Price = (Terminal Value + Company Value) / Count shares = (78.93 + 2.71) / 62060000 = 1315.57

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) = 0.5687
FCF Yield = 0.0769
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 = 0.0976
Debt = 1.51
Market Cap = 7.06
Weight Debt = Market Cap / (Market Cap + Debt) = 7.06 / (7.06 + 1.51) = 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) = 2.82
β = 2.79
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 2.79 * 5.94 + 0 = 0.1941
WACC = (0.0976 / 1.51) * (100% - 0.824) * (1 - 0.21) + 0.1941 + 0.824 = 5.23
Terminal Value = Discount (0.5687 * (1 + 0.0769) / (5.23 - 0.0769)) = 19.31
Company Value = ∑ (0.5687 / (1 + 5.23) ^ 5) = 2.1
Price = (Terminal Value + Company Value) / Count shares = (19.31 + 2.1) / 62060000 = 344.99