NYSE: QTS - QTS Realty Trust

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 = -0.56
CAGR EPS = 45.57%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 77.98 + (77.98 * 45.57% / 100) = 113.52

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) = 0.3746
Ebitda Yield = 0.0772
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
Debt = 1.63
Market Cap = 5.4
Weight Debt = Market Cap / (Market Cap + Debt) = 5.4 / (5.4 + 1.63) = 0.7682
Weight Cost Debt = 100% - 0.7682 = 0.2318
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 / 1.63) * (100% - 0.7682) * (1 - 0.21) + 0.03 + 0.7682 = 0.023
Terminal Value = Discount (0.3746 * (1 + 0.0772) / (0.023 - 0.0772)) = 5.24
Company Value = ∑ (0.3746 / (1 + 0.023) ^ 5) = 1.62
Price = (Terminal Value + Company Value) / Count shares = (5.24 + 1.62) / 64000000 = 107.2

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) = -1.64
FCF Yield = 0.2505
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
Debt = 1.63
Market Cap = 5.4
Weight Debt = Market Cap / (Market Cap + Debt) = 5.4 / (5.4 + 1.63) = 0.7682
Weight Cost Debt = 100% - 0.7682 = 0.2318
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 / 1.63) * (100% - 0.7682) * (1 - 0.21) + 0.03 + 0.7682 = 0.023
Terminal Value = Discount (-1.64 * (1 + 0.2505) / (0.023 - 0.2505)) = -8.16
Company Value = ∑ (-1.64 / (1 + 0.023) ^ 5) = -5.49
Price = (Terminal Value + Company Value) / Count shares = (-8.16 + -5.49) / 64000000 = -213.29