NASDAQ: GOSS - Gossamer Bio

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 = -1.18
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 1.39 + (1.39 * 8.66% / 100) = 1.51

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) = -0.1669
Ebitda Yield = -0.0061
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 = 0.0135
Debt = 0.2123
Market Cap = 0.2276
Weight Debt = Market Cap / (Market Cap + Debt) = 0.2276 / (0.2276 + 0.2123) = 0.5174
Weight Cost Debt = 100% - 0.5174 = 0.4826
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 = -3.55
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -3.55 * 5.94 + 0 = -0.1811
WACC = (0.0135 / 0.2123) * (100% - 0.5174) * (1 - 0.21) + -0.1811 + 0.5174 = 4.91
Terminal Value = Discount (-0.1669 * (1 + -0.0061) / (4.91 - -0.0061)) = -2.37
Company Value = ∑ (-0.1669 / (1 + 4.91) ^ 5) = -0.734
Price = (Terminal Value + Company Value) / Count shares = (-2.37 + -0.734) / 152620000 = -20.31

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) = -0.1657
FCF Yield = 0.008
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 = 0.0135
Debt = 0.2123
Market Cap = 0.2276
Weight Debt = Market Cap / (Market Cap + Debt) = 0.2276 / (0.2276 + 0.2123) = 0.5174
Weight Cost Debt = 100% - 0.5174 = 0.4826
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 = -3.55
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -3.55 * 5.94 + 0 = -0.1811
WACC = (0.0135 / 0.2123) * (100% - 0.5174) * (1 - 0.21) + -0.1811 + 0.5174 = 4.91
Terminal Value = Discount (-0.1657 * (1 + 0.008) / (4.91 - 0.008)) = -3.2
Company Value = ∑ (-0.1657 / (1 + 4.91) ^ 5) = -0.7071
Price = (Terminal Value + Company Value) / Count shares = (-3.2 + -0.7071) / 152620000 = -25.62