NYSE: VTOL - Bristow Group 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 = -0.2395
CAGR EPS = 224.37%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 29.23 + (29.23 * 224.37% / 100) = 94.81

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) = 0.3629
Ebitda Yield = 0.2013
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 = 0.5481
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.5481) = 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 = 2.54
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 2.54 * 5.94 + 0 = 0.1793
WACC = (0.0414 / 0.5481) * (100% - 0) * (1 - 0.21) + 0.1793 + 0 = 5.97
Terminal Value = Discount (0.3629 * (1 + 0.2013) / (5.97 - 0.2013)) = 2.3
Company Value = ∑ (0.3629 / (1 + 5.97) ^ 5) = 1.07
Price = (Terminal Value + Company Value) / Count shares = (2.3 + 1.07) / 28570000 = 118.17

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) = 0.0117
FCF Yield = -1.75
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 = 0.5481
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.5481) = 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 = 2.54
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 2.54 * 5.94 + 0 = 0.1793
WACC = (0.0414 / 0.5481) * (100% - 0) * (1 - 0.21) + 0.1793 + 0 = 5.97
Terminal Value = Discount (0.0117 * (1 + -1.75) / (5.97 - -1.75)) = -0.0036
Company Value = ∑ (0.0117 / (1 + 5.97) ^ 5) = 0.0241
Price = (Terminal Value + Company Value) / Count shares = (-0.0036 + 0.0241) / 28570000 = 0.7179