NYSE: TGB - Taseko Mines Limited

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 = 0.2843
CAGR EPS = 24.7%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 1.69 + (1.69 * 24.7% / 100) = 2.11

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) = 0.878
Ebitda Yield = 0.3036
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 = 0.0434
Debt = 0.631
Market Cap = 0.4034
Weight Debt = Market Cap / (Market Cap + Debt) = 0.4034 / (0.4034 + 0.631) = 0.39
Weight Cost Debt = 100% - 0.39 = 0.61
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) = 2.75
β = -0.5505
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -0.5505 * 5.94 + 0 = -0.0052
WACC = (0.0434 / 0.631) * (100% - 0.39) * (1 - 0.21) + -0.0052 + 0.39 = 5.41
Terminal Value = Discount (0.878 * (1 + 0.3036) / (5.41 - 0.3036)) = 3.53
Company Value = ∑ (0.878 / (1 + 5.41) ^ 5) = 2.31
Price = (Terminal Value + Company Value) / Count shares = (3.53 + 2.31) / 290980000 = 20.04

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) = 0.1476
FCF Yield = 0.3481
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 = 0.0434
Debt = 0.631
Market Cap = 0.4034
Weight Debt = Market Cap / (Market Cap + Debt) = 0.4034 / (0.4034 + 0.631) = 0.39
Weight Cost Debt = 100% - 0.39 = 0.61
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) = 2.75
β = -0.5505
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -0.5505 * 5.94 + 0 = -0.0052
WACC = (0.0434 / 0.631) * (100% - 0.39) * (1 - 0.21) + -0.0052 + 0.39 = 5.41
Terminal Value = Discount (0.1476 * (1 + 0.3481) / (5.41 - 0.3481)) = 0.5202
Company Value = ∑ (0.1476 / (1 + 5.41) ^ 5) = 0.3681
Price = (Terminal Value + Company Value) / Count shares = (0.5202 + 0.3681) / 290980000 = 3.05