NYSE: NEWR - New Relic, 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 = -2.64
CAGR EPS = 29.76%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 86.99 + (86.99 * 29.76% / 100) = 112.88

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) = 0.0379
Ebitda Yield = -1.81
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 = 0.0049
Debt = 0.5494
Market Cap = 5.93
Weight Debt = Market Cap / (Market Cap + Debt) = 5.93 / (5.93 + 0.5494) = 0.9152
Weight Cost Debt = 100% - 0.9152 = 0.0848
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 = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 0 * 5.94 + 0 = 0.0289
WACC = (0.0049 / 0.5494) * (100% - 0.9152) * (1 - 0.21) + 0.0289 + 0.9152 = 0.7308
Terminal Value = Discount (0.0379 * (1 + -1.81) / (0.7308 - -1.81)) = -0.0163
Company Value = ∑ (0.0379 / (1 + 0.7308) ^ 5) = 0.0643
Price = (Terminal Value + Company Value) / Count shares = (-0.0163 + 0.0643) / 67610000 = 0.7101

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) = 0.0197
FCF Yield = -0.1026
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 = 0.0049
Debt = 0.5494
Market Cap = 5.93
Weight Debt = Market Cap / (Market Cap + Debt) = 5.93 / (5.93 + 0.5494) = 0.9152
Weight Cost Debt = 100% - 0.9152 = 0.0848
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 = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 0 * 5.94 + 0 = 0.0289
WACC = (0.0049 / 0.5494) * (100% - 0.9152) * (1 - 0.21) + 0.0289 + 0.9152 = 0.7308
Terminal Value = Discount (0.0197 * (1 + -0.1026) / (0.7308 - -0.1026)) = 0.1547
Company Value = ∑ (0.0197 / (1 + 0.7308) ^ 5) = 0.121
Price = (Terminal Value + Company Value) / Count shares = (0.1547 + 0.121) / 67610000 = 4.08