NASDAQ: INCR - InterCure Ltd.

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 = -1.36
CAGR EPS = 60.26%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 1.84 + (1.84 * 60.26% / 100) = 2.95

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) = -0.0263
Ebitda Yield = 0.0194
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 = 0.0242
Debt = 0.175
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.175) = 0
Weight Cost Debt = 100% - 0 = 1
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) = 2.39
β = 0.5568
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.39 + 0.5568 * 5.94 + 0 = 0.057
WACC = (0.0242 / 0.175) * (100% - 0) * (1 - 0.21) + 0.057 + 0 = 10.93
Terminal Value = Discount (-0.0263 * (1 + 0.0194) / (10.93 - 0.0194)) = -0.1775
Company Value = ∑ (-0.0263 / (1 + 10.93) ^ 5) = -0.0934
Price = (Terminal Value + Company Value) / Count shares = (-0.1775 + -0.0934) / 45560000 = -5.95

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) = -0.5138
FCF Yield = 0.5564
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 = 0.0242
Debt = 0.175
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.175) = 0
Weight Cost Debt = 100% - 0 = 1
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) = 2.39
β = 0.5568
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.39 + 0.5568 * 5.94 + 0 = 0.057
WACC = (0.0242 / 0.175) * (100% - 0) * (1 - 0.21) + 0.057 + 0 = 10.93
Terminal Value = Discount (-0.5138 * (1 + 0.5564) / (10.93 - 0.5564)) = -1.06
Company Value = ∑ (-0.5138 / (1 + 10.93) ^ 5) = -0.8689
Price = (Terminal Value + Company Value) / Count shares = (-1.06 + -0.8689) / 45560000 = -42.44