NASDAQ: GEVO - Gevo, 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 = -0.2774
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 1.56 + (1.56 * 8.66% / 100) = 1.7

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) = -0.1622
Ebitda Yield = 0.2089
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 = 0.0022
Debt = 0.0687
Market Cap = 0.3442
Weight Debt = Market Cap / (Market Cap + Debt) = 0.3442 / (0.3442 + 0.0687) = 0.8336
Weight Cost Debt = 100% - 0.8336 = 0.1664
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 = 1.19
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 1.19 * 5.94 + 0 = 0.0997
WACC = (0.0022 / 0.0687) * (100% - 0.8336) * (1 - 0.21) + 0.0997 + 0.8336 = 2.55
Terminal Value = Discount (-0.1622 * (1 + 0.2089) / (2.55 - 0.2089)) = -0.9428
Company Value = ∑ (-0.1622 / (1 + 2.55) ^ 5) = -0.5286
Price = (Terminal Value + Company Value) / Count shares = (-0.9428 + -0.5286) / 238690000 = -6.16

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) = -0.3402
FCF Yield = 0.2575
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 = 0.0022
Debt = 0.0687
Market Cap = 0.3442
Weight Debt = Market Cap / (Market Cap + Debt) = 0.3442 / (0.3442 + 0.0687) = 0.8336
Weight Cost Debt = 100% - 0.8336 = 0.1664
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 = 1.19
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 1.19 * 5.94 + 0 = 0.0997
WACC = (0.0022 / 0.0687) * (100% - 0.8336) * (1 - 0.21) + 0.0997 + 0.8336 = 2.55
Terminal Value = Discount (-0.3402 * (1 + 0.2575) / (2.55 - 0.2575)) = -1.63
Company Value = ∑ (-0.3402 / (1 + 2.55) ^ 5) = -1.04
Price = (Terminal Value + Company Value) / Count shares = (-1.63 + -1.04) / 238690000 = -11.16