NYSE: GWH - ESS Tech, Inc.

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 = -0.485
CAGR EPS = 40.63%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 2.83 + (2.83 * 40.63% / 100) = 3.97

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) = -0.4594
Ebitda Yield = 0.4206
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 = 0.0022
Debt = 0.0025
Market Cap = 0.1789
Weight Debt = Market Cap / (Market Cap + Debt) = 0.1789 / (0.1789 + 0.0025) = 0.986
Weight Cost Debt = 100% - 0.986 = 0.014
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 = -5.13
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -5.13 * 5.94 + 0 = -0.275
WACC = (0.0022 / 0.0025) * (100% - 0.986) * (1 - 0.21) + -0.275 + 0.986 = 67.53
Terminal Value = Discount (-0.4594 * (1 + 0.4206) / (67.53 - 0.4206)) = -0.1942
Company Value = ∑ (-0.4594 / (1 + 67.53) ^ 5) = -0.2487
Price = (Terminal Value + Company Value) / Count shares = (-0.1942 + -0.2487) / 159960000 = -2.77

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) = -0.3447
FCF Yield = 0.4153
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 = 0.0022
Debt = 0.0025
Market Cap = 0.1789
Weight Debt = Market Cap / (Market Cap + Debt) = 0.1789 / (0.1789 + 0.0025) = 0.986
Weight Cost Debt = 100% - 0.986 = 0.014
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 = -5.13
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -5.13 * 5.94 + 0 = -0.275
WACC = (0.0022 / 0.0025) * (100% - 0.986) * (1 - 0.21) + -0.275 + 0.986 = 67.53
Terminal Value = Discount (-0.3447 * (1 + 0.4153) / (67.53 - 0.4153)) = -0.1422
Company Value = ∑ (-0.3447 / (1 + 67.53) ^ 5) = -0.1882
Price = (Terminal Value + Company Value) / Count shares = (-0.1422 + -0.1882) / 159960000 = -2.07