OTC: FMCKJ - Freddie Mac

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 = 18.24
CAGR EPS = 348.96%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 7.67 + (7.67 * 348.96% / 100) = 34.44

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) = 11.81
Ebitda Yield = 0.0057
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 = 98.14
Debt = 3304.95
Market Cap = 1.46
Weight Debt = Market Cap / (Market Cap + Debt) = 1.46 / (1.46 + 3304.95) = 0.000442
Weight Cost Debt = 100% - 0.000442 = 0.999558
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) = 3
β = 10.41
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 10.41 * 5.94 + 0 = 0.6481
WACC = (98.14 / 3304.95) * (100% - 0.000442) * (1 - 0.21) + 0.6481 + 0.000442 = 2.35
Terminal Value = Discount (11.81 * (1 + 0.0057) / (2.35 - 0.0057)) = 596.29
Company Value = ∑ (11.81 / (1 + 2.35) ^ 5) = 54.46
Price = (Terminal Value + Company Value) / Count shares = (596.29 + 54.46) / 650060000 = 1001.06

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) = 34.48
FCF Yield = 0.3908
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 = 98.14
Debt = 3304.95
Market Cap = 1.46
Weight Debt = Market Cap / (Market Cap + Debt) = 1.46 / (1.46 + 3304.95) = 0.000442
Weight Cost Debt = 100% - 0.000442 = 0.999558
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) = 3
β = 10.41
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 10.41 * 5.94 + 0 = 0.6481
WACC = (98.14 / 3304.95) * (100% - 0.000442) * (1 - 0.21) + 0.6481 + 0.000442 = 2.35
Terminal Value = Discount (34.48 * (1 + 0.3908) / (2.35 - 0.3908)) = 116.27
Company Value = ∑ (34.48 / (1 + 2.35) ^ 5) = 91.18
Price = (Terminal Value + Company Value) / Count shares = (116.27 + 91.18) / 650060000 = 319.12