NASDAQ: INDV - Indivior PLC

Price = EPS * (1 + CAGR EPS) / (Key Rate * Excess Key Rate)
EPS = Earning Per Share
CAGR EPS = CAGR 5 EPS
Key Rate — Nøkkelrente
Excess Key Rate — Ønsket overskridelse av styringsrenten
EPS = 0.0141
CAGR EPS = -56.61%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 0.0141 * (1 + -56.61%) / (0.0458 * 2) = 0.0668

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) = 0.3557
Ebitda Yield = 0.0396
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 = 0.037
Debt = 0.248
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.248) = 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) = 2.6
β = -5.32
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + -5.32 * 5.94 + 0 = -0.2903
WACC = (0.037 / 0.248) * (100% - 0) * (1 - 0.21) + -0.2903 + 0 = 11.79
Terminal Value = Discount (0.3557 * (1 + 0.0396) / (11.79 - 0.0396)) = 2.71
Company Value = ∑ (0.3557 / (1 + 11.79) ^ 5) = 1.18
Price = (Terminal Value + Company Value) / Count shares = (2.71 + 1.18) / 136530000 = 28.5

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) = 0.1018
FCF Yield = -1.77
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 = 0.037
Debt = 0.248
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.248) = 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) = 2.6
β = -5.32
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + -5.32 * 5.94 + 0 = -0.2903
WACC = (0.037 / 0.248) * (100% - 0) * (1 - 0.21) + -0.2903 + 0 = 11.79
Terminal Value = Discount (0.1018 * (1 + -1.77) / (11.79 - -1.77)) = -0.0238
Company Value = ∑ (0.1018 / (1 + 11.79) ^ 5) = 0.1775
Price = (Terminal Value + Company Value) / Count shares = (-0.0238 + 0.1775) / 136530000 = 1.13