NYSE: PRM - Perimeter Solutions, SA

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 = 0.4054
CAGR EPS = 28.49%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0.4054 * (1 + 28.49%) / (0.0433 * 2) = 6.02

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 Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = 0.4784
Ebitda Yield = 0.2255
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 = 0.0414
Debt = 0.6692
Market Cap = 0.8684
Weight Debt = Market Cap / (Market Cap + Debt) = 0.8684 / (0.8684 + 0.6692) = 0.5648
Weight Cost Debt = 100% - 0.5648 = 0.4352
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 = 3.73
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 3.73 * 5.94 + 0 = 0.2497
WACC = (0.0414 / 0.6692) * (100% - 0.5648) * (1 - 0.21) + 0.2497 + 0.5648 = 5
Terminal Value = Discount (0.4784 * (1 + 0.2255) / (5 - 0.2255)) = 2.62
Company Value = ∑ (0.4784 / (1 + 5) ^ 5) = 1.41
Price = (Terminal Value + Company Value) / Count shares = (2.62 + 1.41) / 166450000 = 24.19

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) = -0.0094
FCF Yield = 0.0043
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 = 0.0414
Debt = 0.6692
Market Cap = 0.8684
Weight Debt = Market Cap / (Market Cap + Debt) = 0.8684 / (0.8684 + 0.6692) = 0.5648
Weight Cost Debt = 100% - 0.5648 = 0.4352
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 = 3.73
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 3.73 * 5.94 + 0 = 0.2497
WACC = (0.0414 / 0.6692) * (100% - 0.5648) * (1 - 0.21) + 0.2497 + 0.5648 = 5
Terminal Value = Discount (-0.0094 * (1 + 0.0043) / (5 - 0.0043)) = -0.1625
Company Value = ∑ (-0.0094 / (1 + 5) ^ 5) = -0.0405
Price = (Terminal Value + Company Value) / Count shares = (-0.1625 + -0.0405) / 166450000 = -1.22