NASDAQ: TMCI - Treace Medical Concepts, 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 = -0.8139
CAGR EPS = 49.22%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 11.28 + (11.28 * 49.22% / 100) = 16.83

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) = -0.3743
Ebitda Yield = 0.5718
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 = 0.0052
Debt = 0.0544
Market Cap = 1.03
Weight Debt = Market Cap / (Market Cap + Debt) = 1.03 / (1.03 + 0.0544) = 0.9498
Weight Cost Debt = 100% - 0.9498 = 0.0502
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 = 7.82
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 7.82 * 5.94 + 0 = 0.4934
WACC = (0.0052 / 0.0544) * (100% - 0.9498) * (1 - 0.21) + 0.4934 + 0.9498 = 7.9
Terminal Value = Discount (-0.3743 * (1 + 0.5718) / (7.9 - 0.5718)) = -0.8162
Company Value = ∑ (-0.3743 / (1 + 7.9) ^ 5) = -0.6918
Price = (Terminal Value + Company Value) / Count shares = (-0.8162 + -0.6918) / 60850000 = -24.78

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) = -0.1768
FCF Yield = 0.3088
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 = 0.0052
Debt = 0.0544
Market Cap = 1.03
Weight Debt = Market Cap / (Market Cap + Debt) = 1.03 / (1.03 + 0.0544) = 0.9498
Weight Cost Debt = 100% - 0.9498 = 0.0502
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 = 7.82
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 7.82 * 5.94 + 0 = 0.4934
WACC = (0.0052 / 0.0544) * (100% - 0.9498) * (1 - 0.21) + 0.4934 + 0.9498 = 7.9
Terminal Value = Discount (-0.1768 * (1 + 0.3088) / (7.9 - 0.3088)) = -0.6884
Company Value = ∑ (-0.1768 / (1 + 7.9) ^ 5) = -0.4263
Price = (Terminal Value + Company Value) / Count shares = (-0.6884 + -0.4263) / 60850000 = -18.32