Price = EPS * (1 + CAGR EPS) / (Key Rate * Excess Key Rate)
EPS = Earning Per Share
CAGR EPS = CAGR 5 EPS
Key Rate — Nøkkelfrekvens
Excess Key Rate — Ønsket å overskride nøkkelhastigheten
EPS = 1.43
CAGR EPS = -25.75%
Key Rate = 0.0364
Excess Key Rate = 2
Price = 1.43 * (1 + -25.75%) / (0.0364 * 2) = 14.62

Price = (Terminal Value + Company Value) / Count shares
Price - Rettferdig pris
Terminal Value — Kostnad i post -prosessperioden
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) = 0.0131
Ebitda Yield = -0.2425
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - Gjeldstjeneste
Debt - Gjeld, milliarder
Weight Debt - Vekten av kapitalisering i forhold til gjeld
Weight Cost Debt - Gjeldsvekt angående kapitalisering
Tax - Avgift
Interest Expense = 0.0177
Debt = 0.002
Market Cap = 1.61
Weight Debt = Market Cap / (Market Cap + Debt) = 1.61 / (1.61 + 0.002) = 0.9988
Weight Cost Debt = 100% - 0.9988 = 0.0012
Tax = 0.21
Cost Of Equity — Rabattrente
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — Læreplan for lønnsomhet
β (beta) — Bestemmer risikoen for en aksje (eiendel) i forhold til markedet og viser følsomheten til en endring i lønnsomheten til handlingen i forhold til en endring i markedsavkastning. Betakoeffisienten kan beregnes ikke bare for en egen handling, men også for en investeringsportefølje.
Risk Premium — Premium Risiko - en pris for risiko for investering i handlingen
Country Premium - Landsrisiko
k(f) = 2.68
β = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.68 + 0 * 5.94 + 0 = 0.0268
WACC = (0.0177 / 0.002) * (100% - 0.9988) * (1 - 0.21) + 0.0268 + 0.9988 = 709.38
Terminal Value = Discount (0.0131 * (1 + -0.2425) / (709.38 - -0.2425)) = 0
Company Value = ∑ (0.0131 / (1 + 709.38) ^ 5) = 0.0054
Price = (Terminal Value + Company Value) / Count shares = (0 + 0.0054) / 37580000 = 0.1445

Price = (Terminal Value + Company Value) / Count shares
Price - Rettferdig pris
Terminal Value — Kostnad i post -prosessperioden
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) = 0.0322
FCF Yield = -0.1624
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - Gjeldstjeneste
Debt - Gjeld, milliarder
Weight Debt - Vekten av kapitalisering i forhold til gjeld
Weight Cost Debt - Gjeldsvekt angående kapitalisering
Tax - Avgift
Interest Expense = 0.0177
Debt = 0.002
Market Cap = 1.61
Weight Debt = Market Cap / (Market Cap + Debt) = 1.61 / (1.61 + 0.002) = 0.9988
Weight Cost Debt = 100% - 0.9988 = 0.0012
Tax = 0.21
Cost Of Equity — Rabattrente
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — Læreplan for lønnsomhet
β (beta) — Bestemmer risikoen for en aksje (eiendel) i forhold til markedet og viser følsomheten til en endring i lønnsomheten til handlingen i forhold til en endring i markedsavkastning. Betakoeffisienten kan beregnes ikke bare for en egen handling, men også for en investeringsportefølje.
Risk Premium — Premium Risiko - en pris for risiko for investering i handlingen
Country Premium - Landsrisiko
k(f) = 2.68
β = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.68 + 0 * 5.94 + 0 = 0.0268
WACC = (0.0177 / 0.002) * (100% - 0.9988) * (1 - 0.21) + 0.0268 + 0.9988 = 709.38
Terminal Value = Discount (0.0322 * (1 + -0.1624) / (709.38 - -0.1624)) = 0
Company Value = ∑ (0.0322 / (1 + 709.38) ^ 5) = 0.009
Price = (Terminal Value + Company Value) / Count shares = (0 + 0.009) / 37580000 = 0.2401