NASDAQ: CNTA - Centessa Pharmaceuticals Limited

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 = -1.58
CAGR EPS = 86.3%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 11.64 + (11.64 * 86.3% / 100) = 21.68

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) = -3.3
Ebitda Yield = 0.8185
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 = 0.0099
Debt = 0.0846
Market Cap = 0.6224
Weight Debt = Market Cap / (Market Cap + Debt) = 0.6224 / (0.6224 + 0.0846) = 0.8804
Weight Cost Debt = 100% - 0.8804 = 0.1196
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) = 2.89
β = 1.03
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 1.03 * 5.94 + 0 = 0.0903
WACC = (0.0099 / 0.0846) * (100% - 0.8804) * (1 - 0.21) + 0.0903 + 0.8804 = 9.25
Terminal Value = Discount (-3.3 * (1 + 0.8185) / (9.25 - 0.8185)) = -5.32
Company Value = ∑ (-3.3 / (1 + 9.25) ^ 5) = -4.9
Price = (Terminal Value + Company Value) / Count shares = (-5.32 + -4.9) / 96180000 = -106.2

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) = -2.59
FCF Yield = 0.7437
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 = 0.0099
Debt = 0.0846
Market Cap = 0.6224
Weight Debt = Market Cap / (Market Cap + Debt) = 0.6224 / (0.6224 + 0.0846) = 0.8804
Weight Cost Debt = 100% - 0.8804 = 0.1196
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) = 2.89
β = 1.03
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 1.03 * 5.94 + 0 = 0.0903
WACC = (0.0099 / 0.0846) * (100% - 0.8804) * (1 - 0.21) + 0.0903 + 0.8804 = 9.25
Terminal Value = Discount (-2.59 * (1 + 0.7437) / (9.25 - 0.7437)) = -4.45
Company Value = ∑ (-2.59 / (1 + 9.25) ^ 5) = -4.02
Price = (Terminal Value + Company Value) / Count shares = (-4.45 + -4.02) / 96180000 = -88.1