NYSE: KD - Kyndryl Holdings, 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 = -1.48
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 29.74 + (29.74 * 8.66% / 100) = 32.31

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) = 5.64
Ebitda Yield = 0.3561
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 = 0.122
Debt = 4.15
Market Cap = 3.62
Weight Debt = Market Cap / (Market Cap + Debt) = 3.62 / (3.62 + 4.15) = 0.4662
Weight Cost Debt = 100% - 0.4662 = 0.5338
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 = 9.03
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 9.03 * 5.94 + 0 = 0.5653
WACC = (0.122 / 4.15) * (100% - 0.4662) * (1 - 0.21) + 0.5653 + 0.4662 = 2.58
Terminal Value = Discount (5.64 * (1 + 0.3561) / (2.58 - 0.3561)) = 20.37
Company Value = ∑ (5.64 / (1 + 2.58) ^ 5) = 15.33
Price = (Terminal Value + Company Value) / Count shares = (20.37 + 15.33) / 229200000 = 155.78

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) = -0.111
FCF Yield = -0.1084
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 = 0.122
Debt = 4.15
Market Cap = 3.62
Weight Debt = Market Cap / (Market Cap + Debt) = 3.62 / (3.62 + 4.15) = 0.4662
Weight Cost Debt = 100% - 0.4662 = 0.5338
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 = 9.03
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 9.03 * 5.94 + 0 = 0.5653
WACC = (0.122 / 4.15) * (100% - 0.4662) * (1 - 0.21) + 0.5653 + 0.4662 = 2.58
Terminal Value = Discount (-0.111 * (1 + -0.1084) / (2.58 - -0.1084)) = -0.6494
Company Value = ∑ (-0.111 / (1 + 2.58) ^ 5) = -0.6596
Price = (Terminal Value + Company Value) / Count shares = (-0.6494 + -0.6596) / 229200000 = -5.71