TSE: 9162 - Bleach, 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 = -3281.46
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 387.5 + (387.5 * 8.66% / 100) = 421.06

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 Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = 2391.03
Ebitda Yield = -3.13
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 = 3.85
Debt = 378.48
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 378.48) = 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 = -5.85
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + -5.85 * 5.94 + 0 = -0.3191
WACC = (3.85 / 378.48) * (100% - 0) * (1 - 0.21) + -0.3191 + 0 = 0.8036
Terminal Value = Discount (2391.03 * (1 + -3.13) / (0.8036 - -3.13)) = -1558.97
Company Value = ∑ (2391.03 / (1 + 0.8036) ^ 5) = 1596.1
Price = (Terminal Value + Company Value) / Count shares = (-1558.97 + 1596.1) / 25380000 = 1462.88

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) = 242359.36
FCF Yield = -4.83
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 = 3.85
Debt = 378.48
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 378.48) = 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 = -5.85
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + -5.85 * 5.94 + 0 = -0.3191
WACC = (3.85 / 378.48) * (100% - 0) * (1 - 0.21) + -0.3191 + 0 = 0.8036
Terminal Value = Discount (242359.36 * (1 + -4.83) / (0.8036 - -4.83)) = -184310.5
Company Value = ∑ (242359.36 / (1 + 0.8036) ^ 5) = 184544.04
Price = (Terminal Value + Company Value) / Count shares = (-184310.5 + 184544.04) / 25380000 = 9201.53