NASDAQ: TNGX - Tango Therapeutics, 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 = -1.08
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 6.5 + (6.5 * 8.66% / 100) = 7.06

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) = -0.6088
Ebitda Yield = 0.4036
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 = 0.0029
Debt = 0.0389
Market Cap = 0.2971
Weight Debt = Market Cap / (Market Cap + Debt) = 0.2971 / (0.2971 + 0.0389) = 0.8842
Weight Cost Debt = 100% - 0.8842 = 0.1158
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 = -5.39
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -5.39 * 5.94 + 0 = -0.2914
WACC = (0.0029 / 0.0389) * (100% - 0.8842) * (1 - 0.21) + -0.2914 + 0.8842 = 5.58
Terminal Value = Discount (-0.6088 * (1 + 0.4036) / (5.58 - 0.4036)) = -1.87
Company Value = ∑ (-0.6088 / (1 + 5.58) ^ 5) = -1.42
Price = (Terminal Value + Company Value) / Count shares = (-1.87 + -1.42) / 94570000 = -34.84

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) = -0.4113
FCF Yield = 0.2804
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 = 0.0029
Debt = 0.0389
Market Cap = 0.2971
Weight Debt = Market Cap / (Market Cap + Debt) = 0.2971 / (0.2971 + 0.0389) = 0.8842
Weight Cost Debt = 100% - 0.8842 = 0.1158
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 = -5.39
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -5.39 * 5.94 + 0 = -0.2914
WACC = (0.0029 / 0.0389) * (100% - 0.8842) * (1 - 0.21) + -0.2914 + 0.8842 = 5.58
Terminal Value = Discount (-0.4113 * (1 + 0.2804) / (5.58 - 0.2804)) = -1.79
Company Value = ∑ (-0.4113 / (1 + 5.58) ^ 5) = -1.11
Price = (Terminal Value + Company Value) / Count shares = (-1.79 + -1.11) / 94570000 = -30.59