NASDAQ: ACRV - Acrivon Therapeutics, 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 = -2.74
CAGR EPS = 60.54%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 5.31 + (5.31 * 60.54% / 100) = 8.52

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) = -1.35
Ebitda Yield = 0.8637
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 = 0.0015
Debt = 0.0046
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.0046) = 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 = 3.97
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 3.97 * 5.94 + 0 = 0.2641
WACC = (0.0015 / 0.0046) * (100% - 0) * (1 - 0.21) + 0.2641 + 0 = 25.52
Terminal Value = Discount (-1.35 * (1 + 0.8637) / (25.52 - 0.8637)) = -1.32
Company Value = ∑ (-1.35 / (1 + 25.52) ^ 5) = -1.14
Price = (Terminal Value + Company Value) / Count shares = (-1.32 + -1.14) / 22080000 = -111.53

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) = -0.8122
FCF Yield = 0.7922
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 = 0.0015
Debt = 0.0046
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.0046) = 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 = 3.97
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 3.97 * 5.94 + 0 = 0.2641
WACC = (0.0015 / 0.0046) * (100% - 0) * (1 - 0.21) + 0.2641 + 0 = 25.52
Terminal Value = Discount (-0.8122 * (1 + 0.7922) / (25.52 - 0.7922)) = -0.87
Company Value = ∑ (-0.8122 / (1 + 25.52) ^ 5) = -0.7234
Price = (Terminal Value + Company Value) / Count shares = (-0.87 + -0.7234) / 22080000 = -72.17