NASDAQ: TMDX - TransMedics Group, 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 = -0.7697
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 71.7 + (71.7 * 8.66% / 100) = 77.91

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 Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = -0.0027
Ebitda Yield = -0.1871
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 = 0.0108
Debt = 0.5082
Market Cap = 2.11
Weight Debt = Market Cap / (Market Cap + Debt) = 2.11 / (2.11 + 0.5082) = 0.8059
Weight Cost Debt = 100% - 0.8059 = 0.1941
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 = 3.01
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 3.01 * 5.94 + 0 = 0.207
WACC = (0.0108 / 0.5082) * (100% - 0.8059) * (1 - 0.21) + 0.207 + 0.8059 = 1.83
Terminal Value = Discount (-0.0027 * (1 + -0.1871) / (1.83 - -0.1871)) = -0.0098
Company Value = ∑ (-0.0027 / (1 + 1.83) ^ 5) = -0.0203
Price = (Terminal Value + Company Value) / Count shares = (-0.0098 + -0.0203) / 32520000 = -0.9251

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) = -0.8351
FCF Yield = 0.3417
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 = 0.0108
Debt = 0.5082
Market Cap = 2.11
Weight Debt = Market Cap / (Market Cap + Debt) = 2.11 / (2.11 + 0.5082) = 0.8059
Weight Cost Debt = 100% - 0.8059 = 0.1941
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 = 3.01
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 3.01 * 5.94 + 0 = 0.207
WACC = (0.0108 / 0.5082) * (100% - 0.8059) * (1 - 0.21) + 0.207 + 0.8059 = 1.83
Terminal Value = Discount (-0.8351 * (1 + 0.3417) / (1.83 - 0.3417)) = -3.16
Company Value = ∑ (-0.8351 / (1 + 1.83) ^ 5) = -2.37
Price = (Terminal Value + Company Value) / Count shares = (-3.16 + -2.37) / 32520000 = -170.11