NYSE: LEJU - Leju Holdings Limited

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 = -6.63
CAGR EPS = 156.1%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 1.15 + (1.15 * 156.1% / 100) = 2.95

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) = 0.000388
Ebitda Yield = -0.071
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 = 0.164
Debt = 0.0212
Market Cap = 0.0262
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0262 / (0.0262 + 0.0212) = 0.5527
Weight Cost Debt = 100% - 0.5527 = 0.4473
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) = 2.75
β = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0 * 5.94 + 0 = 0.0275
WACC = (0.164 / 0.0212) * (100% - 0.5527) * (1 - 0.21) + 0.0275 + 0.5527 = 607.77
Terminal Value = Discount (0.000388 * (1 + -0.071) / (607.77 - -0.071)) = 0
Company Value = ∑ (0.000388 / (1 + 607.77) ^ 5) = 8.5E-5
Price = (Terminal Value + Company Value) / Count shares = (0 + 8.5E-5) / 137170000 = 0.000617

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) = 3.17
FCF Yield = -2.96
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 = 0.164
Debt = 0.0212
Market Cap = 0.0262
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0262 / (0.0262 + 0.0212) = 0.5527
Weight Cost Debt = 100% - 0.5527 = 0.4473
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) = 2.75
β = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0 * 5.94 + 0 = 0.0275
WACC = (0.164 / 0.0212) * (100% - 0.5527) * (1 - 0.21) + 0.0275 + 0.5527 = 607.77
Terminal Value = Discount (3.17 * (1 + -2.96) / (607.77 - -2.96)) = -3.9E-5
Company Value = ∑ (3.17 / (1 + 607.77) ^ 5) = 0.0235
Price = (Terminal Value + Company Value) / Count shares = (-3.9E-5 + 0.0235) / 137170000 = 0.1713