NASDAQ: XERS - Xeris Pharmaceuticals, 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 = -0.4522
CAGR EPS = 9.16%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 2.37 + (2.37 * 9.16% / 100) = 2.58

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) = -0.0109
Ebitda Yield = -0.1881
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 = 0.0266
Debt = 0.1944
Market Cap = 0.33
Weight Debt = Market Cap / (Market Cap + Debt) = 0.33 / (0.33 + 0.1944) = 0.6293
Weight Cost Debt = 100% - 0.6293 = 0.3707
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 = 3.3
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 3.3 * 5.94 + 0 = 0.2222
WACC = (0.0266 / 0.1944) * (100% - 0.6293) * (1 - 0.21) + 0.2222 + 0.6293 = 10.88
Terminal Value = Discount (-0.0109 * (1 + -0.1881) / (10.88 - -0.1881)) = -0.0178
Company Value = ∑ (-0.0109 / (1 + 10.88) ^ 5) = -0.0666
Price = (Terminal Value + Company Value) / Count shares = (-0.0178 + -0.0666) / 137670000 = -0.6128

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) = -0.0283
FCF Yield = -0.109
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 = 0.0266
Debt = 0.1944
Market Cap = 0.33
Weight Debt = Market Cap / (Market Cap + Debt) = 0.33 / (0.33 + 0.1944) = 0.6293
Weight Cost Debt = 100% - 0.6293 = 0.3707
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 = 3.3
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 3.3 * 5.94 + 0 = 0.2222
WACC = (0.0266 / 0.1944) * (100% - 0.6293) * (1 - 0.21) + 0.2222 + 0.6293 = 10.88
Terminal Value = Discount (-0.0283 * (1 + -0.109) / (10.88 - -0.109)) = -0.0691
Company Value = ∑ (-0.0283 / (1 + 10.88) ^ 5) = -0.1373
Price = (Terminal Value + Company Value) / Count shares = (-0.0691 + -0.1373) / 137670000 = -1.5