NYSE: YETI - YETI Holdings, Inc.

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 = 1.94
CAGR EPS = 27.18%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 1.94 * (1 + 27.18%) / (0.0433 * 2) = 28.55

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) = 0.5359
Ebitda Yield = 0.1454
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 = 0.000942
Debt = 0.0965
Market Cap = 3.94
Weight Debt = Market Cap / (Market Cap + Debt) = 3.94 / (3.94 + 0.0965) = 0.9761
Weight Cost Debt = 100% - 0.9761 = 0.0239
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 = 1.39
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 1.39 * 5.94 + 0 = 0.1106
WACC = (0.000942 / 0.0965) * (100% - 0.9761) * (1 - 0.21) + 0.1106 + 0.9761 = 0.8715
Terminal Value = Discount (0.5359 * (1 + 0.1454) / (0.8715 - 0.1454)) = 4.3
Company Value = ∑ (0.5359 / (1 + 0.8715) ^ 5) = 2.02
Price = (Terminal Value + Company Value) / Count shares = (4.3 + 2.02) / 87400000 = 72.36

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) = 0.8811
FCF Yield = 0.3282
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 = 0.000942
Debt = 0.0965
Market Cap = 3.94
Weight Debt = Market Cap / (Market Cap + Debt) = 3.94 / (3.94 + 0.0965) = 0.9761
Weight Cost Debt = 100% - 0.9761 = 0.0239
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 = 1.39
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 1.39 * 5.94 + 0 = 0.1106
WACC = (0.000942 / 0.0965) * (100% - 0.9761) * (1 - 0.21) + 0.1106 + 0.9761 = 0.8715
Terminal Value = Discount (0.8811 * (1 + 0.3282) / (0.8715 - 0.3282)) = 3.51
Company Value = ∑ (0.8811 / (1 + 0.8715) ^ 5) = 2.62
Price = (Terminal Value + Company Value) / Count shares = (3.51 + 2.62) / 87400000 = 70.11