NASDAQ: ALXO - ALX Oncology Holdings 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 = -3.74
CAGR EPS = 33.67%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 4.47 + (4.47 * 33.67% / 100) = 5.97

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) = -1.06
Ebitda Yield = 0.4418
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 = 0.0016
Debt = 0.0112
Market Cap = 0.1938
Weight Debt = Market Cap / (Market Cap + Debt) = 0.1938 / (0.1938 + 0.0112) = 0.9453
Weight Cost Debt = 100% - 0.9453 = 0.0547
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) = 2.6
β = -7.56
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + -7.56 * 5.94 + 0 = -0.4229
WACC = (0.0016 / 0.0112) * (100% - 0.9453) * (1 - 0.21) + -0.4229 + 0.9453 = 10.52
Terminal Value = Discount (-1.06 * (1 + 0.4418) / (10.52 - 0.4418)) = -2.74
Company Value = ∑ (-1.06 / (1 + 10.52) ^ 5) = -2.02
Price = (Terminal Value + Company Value) / Count shares = (-2.74 + -2.02) / 42990000 = -110.7

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) = -0.8205
FCF Yield = 0.4419
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 = 0.0016
Debt = 0.0112
Market Cap = 0.1938
Weight Debt = Market Cap / (Market Cap + Debt) = 0.1938 / (0.1938 + 0.0112) = 0.9453
Weight Cost Debt = 100% - 0.9453 = 0.0547
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) = 2.6
β = -7.56
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + -7.56 * 5.94 + 0 = -0.4229
WACC = (0.0016 / 0.0112) * (100% - 0.9453) * (1 - 0.21) + -0.4229 + 0.9453 = 10.52
Terminal Value = Discount (-0.8205 * (1 + 0.4419) / (10.52 - 0.4419)) = -2.13
Company Value = ∑ (-0.8205 / (1 + 10.52) ^ 5) = -1.57
Price = (Terminal Value + Company Value) / Count shares = (-2.13 + -1.57) / 42990000 = -86.02