OTC: AFGYF - AFC Energy plc

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 = -0.0236
CAGR EPS = 22.63%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0.159 + (0.159 * 22.63% / 100) = 0.195

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) = -0.0711
Ebitda Yield = 0.3188
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 = 6.9E-5
Debt = 0.0011
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.0011) = 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) = 2.39
β = 3.77
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.39 + 3.77 * 5.94 + 0 = 0.2479
WACC = (6.9E-5 / 0.0011) * (100% - 0) * (1 - 0.21) + 0.2479 + 0 = 4.85
Terminal Value = Discount (-0.0711 * (1 + 0.3188) / (4.85 - 0.3188)) = -0.2738
Company Value = ∑ (-0.0711 / (1 + 4.85) ^ 5) = -0.1869
Price = (Terminal Value + Company Value) / Count shares = (-0.2738 + -0.1869) / 741450000 = -0.6213

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) = -0.0574
FCF Yield = 0.3113
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 = 6.9E-5
Debt = 0.0011
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.0011) = 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) = 2.39
β = 3.77
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.39 + 3.77 * 5.94 + 0 = 0.2479
WACC = (6.9E-5 / 0.0011) * (100% - 0) * (1 - 0.21) + 0.2479 + 0 = 4.85
Terminal Value = Discount (-0.0574 * (1 + 0.3113) / (4.85 - 0.3113)) = -0.2261
Company Value = ∑ (-0.0574 / (1 + 4.85) ^ 5) = -0.1522
Price = (Terminal Value + Company Value) / Count shares = (-0.2261 + -0.1522) / 741450000 = -0.5102