NYSE: OSCR - Oscar Health, 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 = -1.22
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 13.9 + (13.9 * 8.66% / 100) = 15.1

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) = -0.2229
Ebitda Yield = -0.011
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 = 0.0246
Debt = 0.2988
Market Cap = 1.59
Weight Debt = Market Cap / (Market Cap + Debt) = 1.59 / (1.59 + 0.2988) = 0.8418
Weight Cost Debt = 100% - 0.8418 = 0.1582
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 = -1.55
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -1.55 * 5.94 + 0 = -0.0634
WACC = (0.0246 / 0.2988) * (100% - 0.8418) * (1 - 0.21) + -0.0634 + 0.8418 = 6.4
Terminal Value = Discount (-0.2229 * (1 + -0.011) / (6.4 - -0.011)) = -2.16
Company Value = ∑ (-0.2229 / (1 + 6.4) ^ 5) = -0.9512
Price = (Terminal Value + Company Value) / Count shares = (-2.16 + -0.9512) / 221660000 = -14.02

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) = -0.426
FCF Yield = 0.0743
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 = 0.0246
Debt = 0.2988
Market Cap = 1.59
Weight Debt = Market Cap / (Market Cap + Debt) = 1.59 / (1.59 + 0.2988) = 0.8418
Weight Cost Debt = 100% - 0.8418 = 0.1582
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 = -1.55
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -1.55 * 5.94 + 0 = -0.0634
WACC = (0.0246 / 0.2988) * (100% - 0.8418) * (1 - 0.21) + -0.0634 + 0.8418 = 6.4
Terminal Value = Discount (-0.426 * (1 + 0.0743) / (6.4 - 0.0743)) = -32.57
Company Value = ∑ (-0.426 / (1 + 6.4) ^ 5) = -1.53
Price = (Terminal Value + Company Value) / Count shares = (-32.57 + -1.53) / 221660000 = -153.84