NASDAQ: OFIX - Orthofix Medical 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 = -3.25
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 15.71 + (15.71 * 8.66% / 100) = 17.07

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) = 0.000561
Ebitda Yield = -1.5
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 = 0.0296
Debt = 0.1796
Market Cap = 0.6698
Weight Debt = Market Cap / (Market Cap + Debt) = 0.6698 / (0.6698 + 0.1796) = 0.7885
Weight Cost Debt = 100% - 0.7885 = 0.2115
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) = 2.82
β = 0.639
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0.639 * 5.94 + 0 = 0.0662
WACC = (0.0296 / 0.1796) * (100% - 0.7885) * (1 - 0.21) + 0.0662 + 0.7885 = 12.98
Terminal Value = Discount (0.000561 * (1 + -1.5) / (12.98 - -1.5)) = -9.3E-5
Company Value = ∑ (0.000561 / (1 + 12.98) ^ 5) = 0.0057
Price = (Terminal Value + Company Value) / Count shares = (-9.3E-5 + 0.0057) / 38130000 = 0.1464

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) = 5.1E-5
FCF Yield = -1.35
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 = 0.0296
Debt = 0.1796
Market Cap = 0.6698
Weight Debt = Market Cap / (Market Cap + Debt) = 0.6698 / (0.6698 + 0.1796) = 0.7885
Weight Cost Debt = 100% - 0.7885 = 0.2115
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) = 2.82
β = 0.639
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0.639 * 5.94 + 0 = 0.0662
WACC = (0.0296 / 0.1796) * (100% - 0.7885) * (1 - 0.21) + 0.0662 + 0.7885 = 12.98
Terminal Value = Discount (5.1E-5 * (1 + -1.35) / (12.98 - -1.35)) = 0
Company Value = ∑ (5.1E-5 / (1 + 12.98) ^ 5) = 0.0022
Price = (Terminal Value + Company Value) / Count shares = (0 + 0.0022) / 38130000 = 0.0569