NYSE: REX - REX American Resources Corporation

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 = 3.47
CAGR EPS = 41.36%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 40.46 + (40.46 * 41.36% / 100) = 57.19

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 Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = 0.2918
Ebitda Yield = 0.26
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 = 0.0115
Debt = 0.0128
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.0128) = 0
Weight Cost Debt = 100% - 0 = 1
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 = 3.94
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 3.94 * 5.94 + 0 = 0.2622
WACC = (0.0115 / 0.0128) * (100% - 0) * (1 - 0.21) + 0.2622 + 0 = 70.5
Terminal Value = Discount (0.2918 * (1 + 0.26) / (70.5 - 0.26)) = 0.0573
Company Value = ∑ (0.2918 / (1 + 70.5) ^ 5) = 0.2028
Price = (Terminal Value + Company Value) / Count shares = (0.0573 + 0.2028) / 17580000 = 14.8

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) = 0.8079
FCF Yield = 0.55
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 = 0.0115
Debt = 0.0128
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.0128) = 0
Weight Cost Debt = 100% - 0 = 1
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 = 3.94
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 3.94 * 5.94 + 0 = 0.2622
WACC = (0.0115 / 0.0128) * (100% - 0) * (1 - 0.21) + 0.2622 + 0 = 70.5
Terminal Value = Discount (0.8079 * (1 + 0.55) / (70.5 - 0.55)) = 0.5608
Company Value = ∑ (0.8079 / (1 + 70.5) ^ 5) = 0.3423
Price = (Terminal Value + Company Value) / Count shares = (0.5608 + 0.3423) / 17580000 = 51.37