SSE: 688322 - Orbbec 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 = -0.6897
CAGR EPS = 9.16%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 32.61 + (32.61 * 9.16% / 100) = 35.59

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) = 0.5018
Ebitda Yield = 0.0687
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 = 0.0044
Debt = 0.1237
Market Cap = 18.04
Weight Debt = Market Cap / (Market Cap + Debt) = 18.04 / (18.04 + 0.1237) = 0.9932
Weight Cost Debt = 100% - 0.9932 = 0.0068
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) = 2.75
β = 2.38
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 2.38 * 5.94 + 0 = 0.1689
WACC = (0.0044 / 0.1237) * (100% - 0.9932) * (1 - 0.21) + 0.1689 + 0.9932 = 2.94
Terminal Value = Discount (0.5018 * (1 + 0.0687) / (2.94 - 0.0687)) = 11.82
Company Value = ∑ (0.5018 / (1 + 2.94) ^ 5) = 2.02
Price = (Terminal Value + Company Value) / Count shares = (11.82 + 2.02) / 400000000 = 34.59

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) = -0.3057
FCF Yield = -0.0186
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 = 0.0044
Debt = 0.1237
Market Cap = 18.04
Weight Debt = Market Cap / (Market Cap + Debt) = 18.04 / (18.04 + 0.1237) = 0.9932
Weight Cost Debt = 100% - 0.9932 = 0.0068
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) = 2.75
β = 2.38
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 2.38 * 5.94 + 0 = 0.1689
WACC = (0.0044 / 0.1237) * (100% - 0.9932) * (1 - 0.21) + 0.1689 + 0.9932 = 2.94
Terminal Value = Discount (-0.3057 * (1 + -0.0186) / (2.94 - -0.0186)) = -5.4
Company Value = ∑ (-0.3057 / (1 + 2.94) ^ 5) = -1.46
Price = (Terminal Value + Company Value) / Count shares = (-5.4 + -1.46) / 400000000 = -17.15