NASDAQ: IVVD - Invivyd, 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 = -1.81
CAGR EPS = 32.57%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 2.71 + (2.71 * 32.57% / 100) = 3.6

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) = -0.6092
Ebitda Yield = 0.2538
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 = 0.0431
Debt = 0.0022
Market Cap = 0.1533
Weight Debt = Market Cap / (Market Cap + Debt) = 0.1533 / (0.1533 + 0.0022) = 0.9861
Weight Cost Debt = 100% - 0.9861 = 0.0139
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 = -5.66
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -5.66 * 5.94 + 0 = -0.3061
WACC = (0.0431 / 0.0022) * (100% - 0.9861) * (1 - 0.21) + -0.3061 + 0.9861 = 1556.89
Terminal Value = Discount (-0.6092 * (1 + 0.2538) / (1556.89 - 0.2538)) = 0
Company Value = ∑ (-0.6092 / (1 + 1556.89) ^ 5) = -0.0161
Price = (Terminal Value + Company Value) / Count shares = (0 + -0.0161) / 109530000 = -0.147

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) = -2.37
FCF Yield = 0.6859
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 = 0.0431
Debt = 0.0022
Market Cap = 0.1533
Weight Debt = Market Cap / (Market Cap + Debt) = 0.1533 / (0.1533 + 0.0022) = 0.9861
Weight Cost Debt = 100% - 0.9861 = 0.0139
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 = -5.66
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -5.66 * 5.94 + 0 = -0.3061
WACC = (0.0431 / 0.0022) * (100% - 0.9861) * (1 - 0.21) + -0.3061 + 0.9861 = 1556.89
Terminal Value = Discount (-2.37 * (1 + 0.6859) / (1556.89 - 0.6859)) = 0
Company Value = ∑ (-2.37 / (1 + 1556.89) ^ 5) = -0.0197
Price = (Terminal Value + Company Value) / Count shares = (0 + -0.0197) / 109530000 = -0.1797