NYSE: MHK - Mohawk Industries

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 = -6.9
CAGR EPS = -192.31%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0 + (0 * -192.31% / 100) = 73.6

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) = 0.0055
Ebitda Yield = -1.45
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 = 0.0775
Debt = 2.81
Market Cap = 6.22
Weight Debt = Market Cap / (Market Cap + Debt) = 6.22 / (6.22 + 2.81) = 0.6885
Weight Cost Debt = 100% - 0.6885 = 0.3115
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 = 2.82
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 2.82 * 5.94 + 0 = 0.1958
WACC = (0.0775 / 2.81) * (100% - 0.6885) * (1 - 0.21) + 0.1958 + 0.6885 = 2.3
Terminal Value = Discount (0.0055 * (1 + -1.45) / (2.3 - -1.45)) = -0.0015
Company Value = ∑ (0.0055 / (1 + 2.3) ^ 5) = 0.0899
Price = (Terminal Value + Company Value) / Count shares = (-0.0015 + 0.0899) / 63659999 = 1.39

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) = 0.6117
FCF Yield = -0.0311
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 = 0.0775
Debt = 2.81
Market Cap = 6.22
Weight Debt = Market Cap / (Market Cap + Debt) = 6.22 / (6.22 + 2.81) = 0.6885
Weight Cost Debt = 100% - 0.6885 = 0.3115
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 = 2.82
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 2.82 * 5.94 + 0 = 0.1958
WACC = (0.0775 / 2.81) * (100% - 0.6885) * (1 - 0.21) + 0.1958 + 0.6885 = 2.3
Terminal Value = Discount (0.6117 * (1 + -0.0311) / (2.3 - -0.0311)) = 9.79
Company Value = ∑ (0.6117 / (1 + 2.3) ^ 5) = 3.05
Price = (Terminal Value + Company Value) / Count shares = (9.79 + 3.05) / 63659999 = 201.73