NASDAQ: EMBK - Embark Technology, 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 = -2.36
CAGR EPS = 74.91%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 2.88 + (2.88 * 74.91% / 100) = 5.04

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) = -1.81
Ebitda Yield = 0.5864
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 = 0.00036
Debt = 0.0243
Market Cap = 0.0687
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0687 / (0.0687 + 0.0243) = 0.7387
Weight Cost Debt = 100% - 0.7387 = 0.2613
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 = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 0 * 5.94 + 0 = 0.03
WACC = (0.00036 / 0.0243) * (100% - 0.7387) * (1 - 0.21) + 0.03 + 0.7387 = 1.18
Terminal Value = Discount (-1.81 * (1 + 0.5864) / (1.18 - 0.5864)) = -4.7
Company Value = ∑ (-1.81 / (1 + 1.18) ^ 5) = -4.2
Price = (Terminal Value + Company Value) / Count shares = (-4.7 + -4.2) / 23000000 = -387.18

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) = -0.5887
FCF Yield = 0.4042
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 = 0.00036
Debt = 0.0243
Market Cap = 0.0687
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0687 / (0.0687 + 0.0243) = 0.7387
Weight Cost Debt = 100% - 0.7387 = 0.2613
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 = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 0 * 5.94 + 0 = 0.03
WACC = (0.00036 / 0.0243) * (100% - 0.7387) * (1 - 0.21) + 0.03 + 0.7387 = 1.18
Terminal Value = Discount (-0.5887 * (1 + 0.4042) / (1.18 - 0.4042)) = -1.99
Company Value = ∑ (-0.5887 / (1 + 1.18) ^ 5) = -1.6
Price = (Terminal Value + Company Value) / Count shares = (-1.99 + -1.6) / 23000000 = -155.95