NYSE: PKI - PerkinElmer

Price = EPS * (1 + CAGR EPS) / (Key Rate * Excess Key Rate)
EPS = Earning Per Share
CAGR EPS = CAGR 5 EPS
Key Rate — Nøkkelrente
Excess Key Rate — Ønsket overskridelse av styringsrenten
EPS = 4.58
CAGR EPS = 9.01%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 4.58 * (1 + 9.01%) / (0.0433 * 2) = 57.65

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) = 1.64
Ebitda Yield = 0.0976
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 = 0.104
Debt = 4.56
Market Cap = 16.96
Weight Debt = Market Cap / (Market Cap + Debt) = 16.96 / (16.96 + 4.56) = 0.7881
Weight Cost Debt = 100% - 0.7881 = 0.2119
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) = 3
β = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 0 * 5.94 + 0 = 0.03
WACC = (0.104 / 4.56) * (100% - 0.7881) * (1 - 0.21) + 0.03 + 0.7881 = 1.81
Terminal Value = Discount (1.64 * (1 + 0.0976) / (1.81 - 0.0976)) = 20.71
Company Value = ∑ (1.64 / (1 + 1.81) ^ 5) = 6.49
Price = (Terminal Value + Company Value) / Count shares = (20.71 + 6.49) / 126429999 = 215.13

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) = 0.4754
FCF Yield = 0.0476
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 = 0.104
Debt = 4.56
Market Cap = 16.96
Weight Debt = Market Cap / (Market Cap + Debt) = 16.96 / (16.96 + 4.56) = 0.7881
Weight Cost Debt = 100% - 0.7881 = 0.2119
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) = 3
β = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 0 * 5.94 + 0 = 0.03
WACC = (0.104 / 4.56) * (100% - 0.7881) * (1 - 0.21) + 0.03 + 0.7881 = 1.81
Terminal Value = Discount (0.4754 * (1 + 0.0476) / (1.81 - 0.0476)) = 15.42
Company Value = ∑ (0.4754 / (1 + 1.81) ^ 5) = 2.05
Price = (Terminal Value + Company Value) / Count shares = (15.42 + 2.05) / 126429999 = 138.22