NYSE: W - Wayfair 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 = -6.47
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 49.94 + (49.94 * 8.66% / 100) = 54.26

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) = -0.1437
Ebitda Yield = -0.134
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 = 0.017
Debt = 3.34
Market Cap = 8.17
Weight Debt = Market Cap / (Market Cap + Debt) = 8.17 / (8.17 + 3.34) = 0.7097
Weight Cost Debt = 100% - 0.7097 = 0.2903
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) = 2.89
β = -0.1635
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -0.1635 * 5.94 + 0 = 0.0192
WACC = (0.017 / 3.34) * (100% - 0.7097) * (1 - 0.21) + 0.0192 + 0.7097 = 0.4126
Terminal Value = Discount (-0.1437 * (1 + -0.134) / (0.4126 - -0.134)) = -0.883
Company Value = ∑ (-0.1437 / (1 + 0.4126) ^ 5) = -0.9672
Price = (Terminal Value + Company Value) / Count shares = (-0.883 + -0.9672) / 114000000 = -16.23

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) = -3.9E-5
FCF Yield = -0.5441
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 = 0.017
Debt = 3.34
Market Cap = 8.17
Weight Debt = Market Cap / (Market Cap + Debt) = 8.17 / (8.17 + 3.34) = 0.7097
Weight Cost Debt = 100% - 0.7097 = 0.2903
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) = 2.89
β = -0.1635
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -0.1635 * 5.94 + 0 = 0.0192
WACC = (0.017 / 3.34) * (100% - 0.7097) * (1 - 0.21) + 0.0192 + 0.7097 = 0.4126
Terminal Value = Discount (-3.9E-5 * (1 + -0.5441) / (0.4126 - -0.5441)) = -3.2E-5
Company Value = ∑ (-3.9E-5 / (1 + 0.4126) ^ 5) = -0.0016
Price = (Terminal Value + Company Value) / Count shares = (-3.2E-5 + -0.0016) / 114000000 = -0.0146