NASDAQ: NB - NioCorp Developments 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 = -0.3332
CAGR EPS = 14.46%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 2.3 + (2.3 * 14.46% / 100) = 2.63

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) = -0.0138
Ebitda Yield = 0.1276
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 = 0.0045
Debt = 0.0079
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.0079) = 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) = 2.89
β = -2.63
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -2.63 * 5.94 + 0 = -0.1273
WACC = (0.0045 / 0.0079) * (100% - 0) * (1 - 0.21) + -0.1273 + 0 = 45.13
Terminal Value = Discount (-0.0138 * (1 + 0.1276) / (45.13 - 0.1276)) = -0.0074
Company Value = ∑ (-0.0138 / (1 + 45.13) ^ 5) = -0.0188
Price = (Terminal Value + Company Value) / Count shares = (-0.0074 + -0.0188) / 31200000 = -0.8424

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) = -0.0359
FCF Yield = 0.2508
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 = 0.0045
Debt = 0.0079
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.0079) = 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) = 2.89
β = -2.63
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -2.63 * 5.94 + 0 = -0.1273
WACC = (0.0045 / 0.0079) * (100% - 0) * (1 - 0.21) + -0.1273 + 0 = 45.13
Terminal Value = Discount (-0.0359 * (1 + 0.2508) / (45.13 - 0.2508)) = -0.0348
Company Value = ∑ (-0.0359 / (1 + 45.13) ^ 5) = -0.0384
Price = (Terminal Value + Company Value) / Count shares = (-0.0348 + -0.0384) / 31200000 = -2.35