NASDAQ: NBTX - Nanobiotix S.A.

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 = -1.08
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 5.19 + (5.19 * 8.66% / 100) = 5.64

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) = -0.0219
Ebitda Yield = -0.0612
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 = 0.008
Debt = 0.0467
Market Cap = 0.2945
Weight Debt = Market Cap / (Market Cap + Debt) = 0.2945 / (0.2945 + 0.0467) = 0.8632
Weight Cost Debt = 100% - 0.8632 = 0.1368
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) = 2.75
β = -2.88
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -2.88 * 5.94 + 0 = -0.1435
WACC = (0.008 / 0.0467) * (100% - 0.8632) * (1 - 0.21) + -0.1435 + 0.8632 = 13.27
Terminal Value = Discount (-0.0219 * (1 + -0.0612) / (13.27 - -0.0612)) = -0.057
Company Value = ∑ (-0.0219 / (1 + 13.27) ^ 5) = -0.0887
Price = (Terminal Value + Company Value) / Count shares = (-0.057 + -0.0887) / 36930000 = -3.95

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) = -0.005
FCF Yield = -0.1709
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 = 0.008
Debt = 0.0467
Market Cap = 0.2945
Weight Debt = Market Cap / (Market Cap + Debt) = 0.2945 / (0.2945 + 0.0467) = 0.8632
Weight Cost Debt = 100% - 0.8632 = 0.1368
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) = 2.75
β = -2.88
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -2.88 * 5.94 + 0 = -0.1435
WACC = (0.008 / 0.0467) * (100% - 0.8632) * (1 - 0.21) + -0.1435 + 0.8632 = 13.27
Terminal Value = Discount (-0.005 * (1 + -0.1709) / (13.27 - -0.1709)) = -0.0074
Company Value = ∑ (-0.005 / (1 + 13.27) ^ 5) = -0.0276
Price = (Terminal Value + Company Value) / Count shares = (-0.0074 + -0.0276) / 36930000 = -0.9475