NASDAQ: BLTE - Belite Bio, 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 = -1.19
CAGR EPS = 49.39%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 54.94 + (54.94 * 49.39% / 100) = 82.07

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) = -0.1865
Ebitda Yield = 0.4269
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 = 2.5E-5
Debt = 0.000886
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.000886) = 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) = 3
β = 1.5
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 1.5 * 5.94 + 0 = 0.119
WACC = (2.5E-5 / 0.000886) * (100% - 0) * (1 - 0.21) + 0.119 + 0 = 2.23
Terminal Value = Discount (-0.1865 * (1 + 0.4269) / (2.23 - 0.4269)) = -0.589
Company Value = ∑ (-0.1865 / (1 + 2.23) ^ 5) = -0.4778
Price = (Terminal Value + Company Value) / Count shares = (-0.589 + -0.4778) / 26590000 = -40.12

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) = -0.2155
FCF Yield = 0.4844
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 = 2.5E-5
Debt = 0.000886
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.000886) = 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) = 3
β = 1.5
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 1.5 * 5.94 + 0 = 0.119
WACC = (2.5E-5 / 0.000886) * (100% - 0) * (1 - 0.21) + 0.119 + 0 = 2.23
Terminal Value = Discount (-0.2155 * (1 + 0.4844) / (2.23 - 0.4844)) = -0.62
Company Value = ∑ (-0.2155 / (1 + 2.23) ^ 5) = -0.5239
Price = (Terminal Value + Company Value) / Count shares = (-0.62 + -0.5239) / 26590000 = -43.02