NYSE: HBI - Hanesbrands

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 = -0.0506
CAGR EPS = -149.86%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0 + (0 * -149.86% / 100) = 0.2911

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) = 0.1658
Ebitda Yield = -0.1452
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 = 0.2754
Debt = 3.41
Market Cap = 1.91
Weight Debt = Market Cap / (Market Cap + Debt) = 1.91 / (1.91 + 3.41) = 0.3593
Weight Cost Debt = 100% - 0.3593 = 0.6407
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) = 2.89
β = 4.57
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 4.57 * 5.94 + 0 = 0.3005
WACC = (0.2754 / 3.41) * (100% - 0.3593) * (1 - 0.21) + 0.3005 + 0.3593 = 6.47
Terminal Value = Discount (0.1658 * (1 + -0.1452) / (6.47 - -0.1452)) = 0.4934
Company Value = ∑ (0.1658 / (1 + 6.47) ^ 5) = 0.9861
Price = (Terminal Value + Company Value) / Count shares = (0.4934 + 0.9861) / 350590000 = 4.22

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) = 0.4062
FCF Yield = -0.0473
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 = 0.2754
Debt = 3.41
Market Cap = 1.91
Weight Debt = Market Cap / (Market Cap + Debt) = 1.91 / (1.91 + 3.41) = 0.3593
Weight Cost Debt = 100% - 0.3593 = 0.6407
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) = 2.89
β = 4.57
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 4.57 * 5.94 + 0 = 0.3005
WACC = (0.2754 / 3.41) * (100% - 0.3593) * (1 - 0.21) + 0.3005 + 0.3593 = 6.47
Terminal Value = Discount (0.4062 * (1 + -0.0473) / (6.47 - -0.0473)) = 2.52
Company Value = ∑ (0.4062 / (1 + 6.47) ^ 5) = 1.88
Price = (Terminal Value + Company Value) / Count shares = (2.52 + 1.88) / 350590000 = 12.55