NYSE: MEC - Mayville Engineering Company, 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 = 1.24
CAGR EPS = 40.5%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 13.57 + (13.57 * 40.5% / 100) = 19.06

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) = 0.0698
Ebitda Yield = 0.0938
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 = 0.011
Debt = 0.153
Market Cap = 0.239
Weight Debt = Market Cap / (Market Cap + Debt) = 0.239 / (0.239 + 0.153) = 0.6097
Weight Cost Debt = 100% - 0.6097 = 0.3903
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 = 2.54
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 2.54 * 5.94 + 0 = 0.1791
WACC = (0.011 / 0.153) * (100% - 0.6097) * (1 - 0.21) + 0.1791 + 0.6097 = 5.75
Terminal Value = Discount (0.0698 * (1 + 0.0938) / (5.75 - 0.0938)) = 1.59
Company Value = ∑ (0.0698 / (1 + 5.75) ^ 5) = 0.2468
Price = (Terminal Value + Company Value) / Count shares = (1.59 + 0.2468) / 20970000 = 87.51

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) = 0.1751
FCF Yield = 0.1764
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 = 0.011
Debt = 0.153
Market Cap = 0.239
Weight Debt = Market Cap / (Market Cap + Debt) = 0.239 / (0.239 + 0.153) = 0.6097
Weight Cost Debt = 100% - 0.6097 = 0.3903
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 = 2.54
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 2.54 * 5.94 + 0 = 0.1791
WACC = (0.011 / 0.153) * (100% - 0.6097) * (1 - 0.21) + 0.1791 + 0.6097 = 5.75
Terminal Value = Discount (0.1751 * (1 + 0.1764) / (5.75 - 0.1764)) = 1.31
Company Value = ∑ (0.1751 / (1 + 5.75) ^ 5) = 0.5409
Price = (Terminal Value + Company Value) / Count shares = (1.31 + 0.5409) / 20970000 = 88.26