OTC: AOCIF - AutoCanada 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 = 1.53
CAGR EPS = 28.6%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 14.63 + (14.63 * 28.6% / 100) = 18.81

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) = 0.1877
Ebitda Yield = 0.0453
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 = 0.0548
Debt = 1.74
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 1.74) = 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 = 2.41
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 2.41 * 5.94 + 0 = 0.1713
WACC = (0.0548 / 1.74) * (100% - 0) * (1 - 0.21) + 0.1713 + 0 = 2.49
Terminal Value = Discount (0.1877 * (1 + 0.0453) / (2.49 - 0.0453)) = 8.52
Company Value = ∑ (0.1877 / (1 + 2.49) ^ 5) = 0.798
Price = (Terminal Value + Company Value) / Count shares = (8.52 + 0.798) / 24450000 = 381.3

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) = 0.013
FCF Yield = -0.1409
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 = 0.0548
Debt = 1.74
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 1.74) = 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 = 2.41
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 2.41 * 5.94 + 0 = 0.1713
WACC = (0.0548 / 1.74) * (100% - 0) * (1 - 0.21) + 0.1713 + 0 = 2.49
Terminal Value = Discount (0.013 * (1 + -0.1409) / (2.49 - -0.1409)) = 0.0593
Company Value = ∑ (0.013 / (1 + 2.49) ^ 5) = 0.0841
Price = (Terminal Value + Company Value) / Count shares = (0.0593 + 0.0841) / 24450000 = 5.87