NYSE: GSAH - GS Acquisition Holdings Corp II

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 = -0.47
CAGR EPS = -179.98%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0 + (0 * -179.98% / 100) = 4.34

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) = 0.0036
Ebitda Yield = -1.77
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
Debt = 0.002
Market Cap = 1.01
Weight Debt = Market Cap / (Market Cap + Debt) = 1.01 / (1.01 + 0.002) = 0.998
Weight Cost Debt = 100% - 0.998 = 0.002
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
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0 * 5.94 + 0 = 0.0282
WACC = (0 / 0.002) * (100% - 0.998) * (1 - 0.21) + 0.0282 + 0.998 = 0.0281
Terminal Value = Discount (0.0036 * (1 + -1.77) / (0.0281 - -1.77)) = -0.0016
Company Value = ∑ (0.0036 / (1 + 0.0281) ^ 5) = 0.0074
Price = (Terminal Value + Company Value) / Count shares = (-0.0016 + 0.0074) / 56000000 = 0.1053

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) = -0.0065
FCF Yield = 0.2908
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
Debt = 0.002
Market Cap = 1.01
Weight Debt = Market Cap / (Market Cap + Debt) = 1.01 / (1.01 + 0.002) = 0.998
Weight Cost Debt = 100% - 0.998 = 0.002
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
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0 * 5.94 + 0 = 0.0282
WACC = (0 / 0.002) * (100% - 0.998) * (1 - 0.21) + 0.0282 + 0.998 = 0.0281
Terminal Value = Discount (-0.0065 * (1 + 0.2908) / (0.0281 - 0.2908)) = -0.0286
Company Value = ∑ (-0.0065 / (1 + 0.0281) ^ 5) = -0.0206
Price = (Terminal Value + Company Value) / Count shares = (-0.0286 + -0.0206) / 56000000 = -0.8793