NASDAQ: AURA - Aura Biosciences, 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 = -1.93
CAGR EPS = 2.08%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 8.42 + (8.42 * 2.08% / 100) = 8.6

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) = -0.2361
Ebitda Yield = 0.2305
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 = 0.00085
Debt = 0.0196
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.0196) = 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) = 2.6
β = 3.33
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 3.33 * 5.94 + 0 = 0.2237
WACC = (0.00085 / 0.0196) * (100% - 0) * (1 - 0.21) + 0.2237 + 0 = 3.43
Terminal Value = Discount (-0.2361 * (1 + 0.2305) / (3.43 - 0.2305)) = -1.25
Company Value = ∑ (-0.2361 / (1 + 3.43) ^ 5) = -0.726
Price = (Terminal Value + Company Value) / Count shares = (-1.25 + -0.726) / 39620000 = -49.9

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) = -0.1504
FCF Yield = 0.1843
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 = 0.00085
Debt = 0.0196
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.0196) = 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) = 2.6
β = 3.33
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 3.33 * 5.94 + 0 = 0.2237
WACC = (0.00085 / 0.0196) * (100% - 0) * (1 - 0.21) + 0.2237 + 0 = 3.43
Terminal Value = Discount (-0.1504 * (1 + 0.1843) / (3.43 - 0.1843)) = -1
Company Value = ∑ (-0.1504 / (1 + 3.43) ^ 5) = -0.4934
Price = (Terminal Value + Company Value) / Count shares = (-1 + -0.4934) / 39620000 = -37.78