NASDAQ: APLD - Applied Blockchain, 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 = -1.31
CAGR EPS = 141.58%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 7.17 + (7.17 * 141.58% / 100) = 17.31

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) = -3.61
Ebitda Yield = 1.42
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 = 0.0268
Debt = 0.4278
Market Cap = 0.6237
Weight Debt = Market Cap / (Market Cap + Debt) = 0.6237 / (0.6237 + 0.4278) = 0.5931
Weight Cost Debt = 100% - 0.5931 = 0.4069
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 = 0.5467
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0.5467 * 5.94 + 0 = 0.0607
WACC = (0.0268 / 0.4278) * (100% - 0.5931) * (1 - 0.21) + 0.0607 + 0.5931 = 4.96
Terminal Value = Discount (-3.61 * (1 + 1.42) / (4.96 - 1.42)) = -5
Company Value = ∑ (-3.61 / (1 + 4.96) ^ 5) = -4.92
Price = (Terminal Value + Company Value) / Count shares = (-5 + -4.92) / 114060000 = -87.01

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) = -3.81
FCF Yield = 0.9712
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 = 0.0268
Debt = 0.4278
Market Cap = 0.6237
Weight Debt = Market Cap / (Market Cap + Debt) = 0.6237 / (0.6237 + 0.4278) = 0.5931
Weight Cost Debt = 100% - 0.5931 = 0.4069
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 = 0.5467
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0.5467 * 5.94 + 0 = 0.0607
WACC = (0.0268 / 0.4278) * (100% - 0.5931) * (1 - 0.21) + 0.0607 + 0.5931 = 4.96
Terminal Value = Discount (-3.81 * (1 + 0.9712) / (4.96 - 0.9712)) = -6.4
Company Value = ∑ (-3.81 / (1 + 4.96) ^ 5) = -6.12
Price = (Terminal Value + Company Value) / Count shares = (-6.4 + -6.12) / 114060000 = -109.76