Average price: 51.76 $
Price based on EPS: 54.32 $ +39.56%
Price according to DCF model (FCF): 49.21 $ +26.43%
Price based on EPS
Price = EPS * (1 + CAGR EPS) / (Key Rate * Excess Key Rate)
Key Rate = Key rate
Fair price = 54.32 $
Current price = 38.92 $ (difference = +39.56%)
Data
Discounted Cash Flow (Based on EBITDA)
Price = (Terminal Value + Company Value) / Count shares
Price - Fair price
Terminal Value — cost in the post-forecast period
Company Value — cost during the forecast period
Count shares - Number of shares
Terminal Value = Discount Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Future Ebitda / (1 + WACC) ^ 5)
WACC - weighted average cost of capital (taking into account country risks, inflation, taxes, etc.)
Fair price = 145.25 $
Current price = 38.92 $ (difference = +273.21%)
Data
Discounted Cash Flow (Based on FCF)
Price = (Terminal Value + Company Value) / Count shares
Price - Fair price
Terminal Value — cost in the post-forecast period
Company Value — cost during the forecast period
Count shares - Number of shares
Terminal Value = Discount FCF(5) * (1 + FCF Yield) / (WACC - FCF Yield) ^ 5
Company Value = ∑ (FCF / (1 + WACC) ^ 5)
WACC - weighted average cost of capital (taking into account country risks, inflation, taxes, etc.)
Fair price = 49.21 $
Current price = 38.92 $ (difference = +26.43%)
Data
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