NASDAQ: CMPX - Compass 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 = -0.3345
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 2.02 + (2.02 * 8.66% / 100) = 2.19

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) = -0.0692
Ebitda Yield = 0.0737
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 = 0.0024
Debt = 0.0017
Market Cap = 0.3175
Weight Debt = Market Cap / (Market Cap + Debt) = 0.3175 / (0.3175 + 0.0017) = 0.9946
Weight Cost Debt = 100% - 0.9946 = 0.0054
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 = 6.26
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 6.26 * 5.94 + 0 = 0.4016
WACC = (0.0024 / 0.0017) * (100% - 0.9946) * (1 - 0.21) + 0.4016 + 0.9946 = 108.72
Terminal Value = Discount (-0.0692 * (1 + 0.0737) / (108.72 - 0.0737)) = -0.0019
Company Value = ∑ (-0.0692 / (1 + 108.72) ^ 5) = -0.0495
Price = (Terminal Value + Company Value) / Count shares = (-0.0019 + -0.0495) / 127670000 = -0.4022

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) = -0.049
FCF Yield = 0.0382
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 = 0.0024
Debt = 0.0017
Market Cap = 0.3175
Weight Debt = Market Cap / (Market Cap + Debt) = 0.3175 / (0.3175 + 0.0017) = 0.9946
Weight Cost Debt = 100% - 0.9946 = 0.0054
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 = 6.26
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 6.26 * 5.94 + 0 = 0.4016
WACC = (0.0024 / 0.0017) * (100% - 0.9946) * (1 - 0.21) + 0.4016 + 0.9946 = 108.72
Terminal Value = Discount (-0.049 * (1 + 0.0382) / (108.72 - 0.0382)) = -0.0012
Company Value = ∑ (-0.049 / (1 + 108.72) ^ 5) = -0.039
Price = (Terminal Value + Company Value) / Count shares = (-0.0012 + -0.039) / 127670000 = -0.3151