NASDAQ: NCPL - Netcapital 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 = -0.4119
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 7.23 + (7.23 * 8.66% / 100) = 7.86

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) = 0.0056
Ebitda Yield = -1.95
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 = 4.6E-5
Debt = 0.0024
Market Cap = 0.0064
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0064 / (0.0064 + 0.0024) = 0.7256
Weight Cost Debt = 100% - 0.7256 = 0.2744
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 = 3.04
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 3.04 * 5.94 + 0 = 0.2104
WACC = (4.6E-5 / 0.0024) * (100% - 0.7256) * (1 - 0.21) + 0.2104 + 0.7256 = 1.64
Terminal Value = Discount (0.0056 * (1 + -1.95) / (1.64 - -1.95)) = -0.0025
Company Value = ∑ (0.0056 / (1 + 1.64) ^ 5) = 0.006
Price = (Terminal Value + Company Value) / Count shares = (-0.0025 + 0.006) / 12110000 = 0.2871

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) = -0.0049
FCF Yield = 0
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 = 4.6E-5
Debt = 0.0024
Market Cap = 0.0064
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0064 / (0.0064 + 0.0024) = 0.7256
Weight Cost Debt = 100% - 0.7256 = 0.2744
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 = 3.04
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 3.04 * 5.94 + 0 = 0.2104
WACC = (4.6E-5 / 0.0024) * (100% - 0.7256) * (1 - 0.21) + 0.2104 + 0.7256 = 1.64
Terminal Value = Discount (-0.0049 * (1 + 0) / (1.64 - 0)) = -0.2738
Company Value = ∑ (-0.0049 / (1 + 1.64) ^ 5) = -0.0232
Price = (Terminal Value + Company Value) / Count shares = (-0.2738 + -0.0232) / 12110000 = -24.53