NASDAQ: PRCT - PROCEPT BioRobotics Corporation

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 = -1.75
CAGR EPS = 3.04%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 52.43 + (52.43 * 3.04% / 100) = 54.02

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) = -0.1337
Ebitda Yield = 0.1028
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 = 0.0042
Debt = 0.0803
Market Cap = 1.51
Weight Debt = Market Cap / (Market Cap + Debt) = 1.51 / (1.51 + 0.0803) = 0.9495
Weight Cost Debt = 100% - 0.9495 = 0.0505
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) = 2.39
β = 2.56
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.39 + 2.56 * 5.94 + 0 = 0.1757
WACC = (0.0042 / 0.0803) * (100% - 0.9495) * (1 - 0.21) + 0.1757 + 0.9495 = 4.25
Terminal Value = Discount (-0.1337 * (1 + 0.1028) / (4.25 - 0.1028)) = -1.99
Company Value = ∑ (-0.1337 / (1 + 4.25) ^ 5) = -0.4869
Price = (Terminal Value + Company Value) / Count shares = (-1.99 + -0.4869) / 52130000 = -47.43

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) = -0.1916
FCF Yield = 0.1308
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 = 0.0042
Debt = 0.0803
Market Cap = 1.51
Weight Debt = Market Cap / (Market Cap + Debt) = 1.51 / (1.51 + 0.0803) = 0.9495
Weight Cost Debt = 100% - 0.9495 = 0.0505
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) = 2.39
β = 2.56
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.39 + 2.56 * 5.94 + 0 = 0.1757
WACC = (0.0042 / 0.0803) * (100% - 0.9495) * (1 - 0.21) + 0.1757 + 0.9495 = 4.25
Terminal Value = Discount (-0.1916 * (1 + 0.1308) / (4.25 - 0.1308)) = -1.99
Company Value = ∑ (-0.1916 / (1 + 4.25) ^ 5) = -0.6657
Price = (Terminal Value + Company Value) / Count shares = (-1.99 + -0.6657) / 52130000 = -50.99