NASDAQ: TMC - TMC the metals company 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 = -0.2556
CAGR EPS = 30.02%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 1.49 + (1.49 * 30.02% / 100) = 1.94

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) = -239.99
Ebitda Yield = 4.05
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 = 0.000781
Debt = 0.014
Market Cap = 0.3677
Weight Debt = Market Cap / (Market Cap + Debt) = 0.3677 / (0.3677 + 0.014) = 0.9633
Weight Cost Debt = 100% - 0.9633 = 0.0367
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 = 5.71
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 5.71 * 5.94 + 0 = 0.369
WACC = (0.000781 / 0.014) * (100% - 0.9633) * (1 - 0.21) + 0.369 + 0.9633 = 4.72
Terminal Value = Discount (-239.99 * (1 + 4.05) / (4.72 - 4.05)) = -240.47
Company Value = ∑ (-239.99 / (1 + 4.72) ^ 5) = -240.38
Price = (Terminal Value + Company Value) / Count shares = (-240.47 + -240.38) / 288640000 = -1665.91

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) = -88.49
FCF Yield = 3.3
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 = 0.000781
Debt = 0.014
Market Cap = 0.3677
Weight Debt = Market Cap / (Market Cap + Debt) = 0.3677 / (0.3677 + 0.014) = 0.9633
Weight Cost Debt = 100% - 0.9633 = 0.0367
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 = 5.71
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 5.71 * 5.94 + 0 = 0.369
WACC = (0.000781 / 0.014) * (100% - 0.9633) * (1 - 0.21) + 0.369 + 0.9633 = 4.72
Terminal Value = Discount (-88.49 * (1 + 3.3) / (4.72 - 3.3)) = -92.88
Company Value = ∑ (-88.49 / (1 + 4.72) ^ 5) = -92.8
Price = (Terminal Value + Company Value) / Count shares = (-92.88 + -92.8) / 288640000 = -643.31