OTC: PDYPY - Flutter Entertainment plc

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 = -2.1
CAGR EPS = -177.57%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0 + (0 * -177.57% / 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) = 2.18
Ebitda Yield = 0.153
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 = 0.2071
Debt = 5.8
Market Cap = 30.11
Weight Debt = Market Cap / (Market Cap + Debt) = 30.11 / (30.11 + 5.8) = 0.8385
Weight Cost Debt = 100% - 0.8385 = 0.1615
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
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 0 * 5.94 + 0 = 0.0289
WACC = (0.2071 / 5.8) * (100% - 0.8385) * (1 - 0.21) + 0.0289 + 0.8385 = 2.82
Terminal Value = Discount (2.18 * (1 + 0.153) / (2.82 - 0.153)) = 17.51
Company Value = ∑ (2.18 / (1 + 2.82) ^ 5) = 7.63
Price = (Terminal Value + Company Value) / Count shares = (17.51 + 7.63) / 176090000 = 142.76

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) = 2.81
FCF Yield = 0.2531
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 = 0.2071
Debt = 5.8
Market Cap = 30.11
Weight Debt = Market Cap / (Market Cap + Debt) = 30.11 / (30.11 + 5.8) = 0.8385
Weight Cost Debt = 100% - 0.8385 = 0.1615
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
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 0 * 5.94 + 0 = 0.0289
WACC = (0.2071 / 5.8) * (100% - 0.8385) * (1 - 0.21) + 0.0289 + 0.8385 = 2.82
Terminal Value = Discount (2.81 * (1 + 0.2531) / (2.82 - 0.2531)) = 13.62
Company Value = ∑ (2.81 / (1 + 2.82) ^ 5) = 8.55
Price = (Terminal Value + Company Value) / Count shares = (13.62 + 8.55) / 176090000 = 125.93