NASDAQ: ZNTL - Zentalis 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 = -4.47
CAGR EPS = 26.3%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 8.02 + (8.02 * 26.3% / 100) = 10.13

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) = -1.19
Ebitda Yield = 0.3409
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 = 0.0026
Debt = 0.0458
Market Cap = 1.82
Weight Debt = Market Cap / (Market Cap + Debt) = 1.82 / (1.82 + 0.0458) = 0.9755
Weight Cost Debt = 100% - 0.9755 = 0.0245
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 = 3.88
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 3.88 * 5.94 + 0 = 0.2588
WACC = (0.0026 / 0.0458) * (100% - 0.9755) * (1 - 0.21) + 0.2588 + 0.9755 = 4.7
Terminal Value = Discount (-1.19 * (1 + 0.3409) / (4.7 - 0.3409)) = -4.33
Company Value = ∑ (-1.19 / (1 + 4.7) ^ 5) = -3.07
Price = (Terminal Value + Company Value) / Count shares = (-4.33 + -3.07) / 65409999 = -113.22

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) = -0.8306
FCF Yield = 0.3186
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 = 0.0026
Debt = 0.0458
Market Cap = 1.82
Weight Debt = Market Cap / (Market Cap + Debt) = 1.82 / (1.82 + 0.0458) = 0.9755
Weight Cost Debt = 100% - 0.9755 = 0.0245
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 = 3.88
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 3.88 * 5.94 + 0 = 0.2588
WACC = (0.0026 / 0.0458) * (100% - 0.9755) * (1 - 0.21) + 0.2588 + 0.9755 = 4.7
Terminal Value = Discount (-0.8306 * (1 + 0.3186) / (4.7 - 0.3186)) = -3.21
Company Value = ∑ (-0.8306 / (1 + 4.7) ^ 5) = -2.19
Price = (Terminal Value + Company Value) / Count shares = (-3.21 + -2.19) / 65409999 = -82.55