NASDAQ: VAXX - Vaxxinity, 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 = -0.45
CAGR EPS = 31.6%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 0.49 + (0.49 * 31.6% / 100) = 0.6449

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
Ebitda Yield = -0.5333
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 = 0.000696
Debt = 0.0152
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.0152) = 0
Weight Cost Debt = 100% - 0 = 1
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) = 2.6
β = 6.33
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 6.33 * 5.94 + 0 = 0.4022
WACC = (0.000696 / 0.0152) * (100% - 0) * (1 - 0.21) + 0.4022 + 0 = 3.63
Terminal Value = Discount (0 * (1 + -0.5333) / (3.63 - -0.5333)) = 0
Company Value = ∑ (0 / (1 + 3.63) ^ 5) = -4.5E-5
Price = (Terminal Value + Company Value) / Count shares = (0 + -4.5E-5) / 126510000 = -0.000363

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) = -0.2082
FCF Yield = 0.2911
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 = 0.000696
Debt = 0.0152
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.0152) = 0
Weight Cost Debt = 100% - 0 = 1
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) = 2.6
β = 6.33
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 6.33 * 5.94 + 0 = 0.4022
WACC = (0.000696 / 0.0152) * (100% - 0) * (1 - 0.21) + 0.4022 + 0 = 3.63
Terminal Value = Discount (-0.2082 * (1 + 0.2911) / (3.63 - 0.2911)) = -0.8828
Company Value = ∑ (-0.2082 / (1 + 3.63) ^ 5) = -0.5888
Price = (Terminal Value + Company Value) / Count shares = (-0.8828 + -0.5888) / 126510000 = -11.63