OTC: BDRBF - Bombardier 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 = 4.56
CAGR EPS = 51.56%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 54.52 + (54.52 * 51.56% / 100) = 82.63

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) = 1.51
Ebitda Yield = 0.2535
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 = 0.463
Debt = 6.02
Market Cap = 3.69
Weight Debt = Market Cap / (Market Cap + Debt) = 3.69 / (3.69 + 6.02) = 0.38
Weight Cost Debt = 100% - 0.38 = 0.62
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 = -0.3259
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -0.3259 * 5.94 + 0 = 0.0095
WACC = (0.463 / 6.02) * (100% - 0.38) * (1 - 0.21) + 0.0095 + 0.38 = 6.06
Terminal Value = Discount (1.51 * (1 + 0.2535) / (6.06 - 0.2535)) = 7.31
Company Value = ∑ (1.51 / (1 + 6.06) ^ 5) = 4.14
Price = (Terminal Value + Company Value) / Count shares = (7.31 + 4.14) / 97660000 = 117.29

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) = 0.4892
FCF Yield = 0.1374
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 = 0.463
Debt = 6.02
Market Cap = 3.69
Weight Debt = Market Cap / (Market Cap + Debt) = 3.69 / (3.69 + 6.02) = 0.38
Weight Cost Debt = 100% - 0.38 = 0.62
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 = -0.3259
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -0.3259 * 5.94 + 0 = 0.0095
WACC = (0.463 / 6.02) * (100% - 0.38) * (1 - 0.21) + 0.0095 + 0.38 = 6.06
Terminal Value = Discount (0.4892 * (1 + 0.1374) / (6.06 - 0.1374)) = 5.4
Company Value = ∑ (0.4892 / (1 + 6.06) ^ 5) = 1.59
Price = (Terminal Value + Company Value) / Count shares = (5.4 + 1.59) / 97660000 = 71.58