NASDAQ: INFI - Infinity Pharmaceuticals, 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 = -0.4847
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0.0037 + (0.0037 * 8.66% / 100) = 0.004

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) = -0.042
Ebitda Yield = -0.0075
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 = 0.00018
Debt = 0.000917
Market Cap = 0.0086
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0086 / (0.0086 + 0.000917) = 0.9036
Weight Cost Debt = 100% - 0.9036 = 0.0964
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 = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 0 * 5.94 + 0 = 0.0289
WACC = (0.00018 / 0.000917) * (100% - 0.9036) * (1 - 0.21) + 0.0289 + 0.9036 = 15.39
Terminal Value = Discount (-0.042 * (1 + -0.0075) / (15.39 - -0.0075)) = -0.1262
Company Value = ∑ (-0.042 / (1 + 15.39) ^ 5) = -0.1419
Price = (Terminal Value + Company Value) / Count shares = (-0.1262 + -0.1419) / 89250000 = -3

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) = -0.0397
FCF Yield = -0.0089
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 = 0.00018
Debt = 0.000917
Market Cap = 0.0086
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0086 / (0.0086 + 0.000917) = 0.9036
Weight Cost Debt = 100% - 0.9036 = 0.0964
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 = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 0 * 5.94 + 0 = 0.0289
WACC = (0.00018 / 0.000917) * (100% - 0.9036) * (1 - 0.21) + 0.0289 + 0.9036 = 15.39
Terminal Value = Discount (-0.0397 * (1 + -0.0089) / (15.39 - -0.0089)) = -0.118
Company Value = ∑ (-0.0397 / (1 + 15.39) ^ 5) = -0.1345
Price = (Terminal Value + Company Value) / Count shares = (-0.118 + -0.1345) / 89250000 = -2.83