NASDAQ: LUNA - Luna Innovations Incorporated

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 = -0.0706
CAGR EPS = -186.67%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 0 + (0 * -186.67% / 100) = 0.668

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) = 0.000402
Ebitda Yield = -0.208
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 = 0.002
Debt = 0.0283
Market Cap = 0.2819
Weight Debt = Market Cap / (Market Cap + Debt) = 0.2819 / (0.2819 + 0.0283) = 0.9088
Weight Cost Debt = 100% - 0.9088 = 0.0912
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 = -7.5
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + -7.5 * 5.94 + 0 = -0.4197
WACC = (0.002 / 0.0283) * (100% - 0.9088) * (1 - 0.21) + -0.4197 + 0.9088 = 5.1
Terminal Value = Discount (0.000402 * (1 + -0.208) / (5.1 - -0.208)) = 0.000959
Company Value = ∑ (0.000402 / (1 + 5.1) ^ 5) = 0.003
Price = (Terminal Value + Company Value) / Count shares = (0.000959 + 0.003) / 32590000 = 0.1211

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) = 0.0073
FCF Yield = -1.85
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 = 0.002
Debt = 0.0283
Market Cap = 0.2819
Weight Debt = Market Cap / (Market Cap + Debt) = 0.2819 / (0.2819 + 0.0283) = 0.9088
Weight Cost Debt = 100% - 0.9088 = 0.0912
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 = -7.5
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + -7.5 * 5.94 + 0 = -0.4197
WACC = (0.002 / 0.0283) * (100% - 0.9088) * (1 - 0.21) + -0.4197 + 0.9088 = 5.1
Terminal Value = Discount (0.0073 * (1 + -1.85) / (5.1 - -1.85)) = -0.0025
Company Value = ∑ (0.0073 / (1 + 5.1) ^ 5) = 0.0097
Price = (Terminal Value + Company Value) / Count shares = (-0.0025 + 0.0097) / 32590000 = 0.2187