NASDAQ: SNDX - Syndax Pharmaceuticals, 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 = -2.98
CAGR EPS = 10.74%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 17.09 + (17.09 * 10.74% / 100) = 18.93

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) = -0.7341
Ebitda Yield = 0.2613
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 = 0.000208
Debt = 0.0016
Market Cap = 1.24
Weight Debt = Market Cap / (Market Cap + Debt) = 1.24 / (1.24 + 0.0016) = 0.9987
Weight Cost Debt = 100% - 0.9987 = 0.0013
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 = -1.56
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -1.56 * 5.94 + 0 = -0.0637
WACC = (0.000208 / 0.0016) * (100% - 0.9987) * (1 - 0.21) + -0.0637 + 0.9987 = 9.89
Terminal Value = Discount (-0.7341 * (1 + 0.2613) / (9.89 - 0.2613)) = -3.56
Company Value = ∑ (-0.7341 / (1 + 9.89) ^ 5) = -1.77
Price = (Terminal Value + Company Value) / Count shares = (-3.56 + -1.77) / 70370000 = -75.73

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) = -0.4128
FCF Yield = 0.2078
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 = 0.000208
Debt = 0.0016
Market Cap = 1.24
Weight Debt = Market Cap / (Market Cap + Debt) = 1.24 / (1.24 + 0.0016) = 0.9987
Weight Cost Debt = 100% - 0.9987 = 0.0013
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 = -1.56
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -1.56 * 5.94 + 0 = -0.0637
WACC = (0.000208 / 0.0016) * (100% - 0.9987) * (1 - 0.21) + -0.0637 + 0.9987 = 9.89
Terminal Value = Discount (-0.4128 * (1 + 0.2078) / (9.89 - 0.2078)) = -2.86
Company Value = ∑ (-0.4128 / (1 + 9.89) ^ 5) = -1.08
Price = (Terminal Value + Company Value) / Count shares = (-2.86 + -1.08) / 70370000 = -55.88