OTC: BXPHF - Botanix Pharmaceuticals 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 = -0.0092
CAGR EPS = 0.9737%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0.1975 + (0.1975 * 0.9737% / 100) = 0.1994

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) = -0.0119
Ebitda Yield = -0.029
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 = 1.1E-5
Debt = 0.000122
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.000122) = 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) = 3
β = -2.48
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -2.48 * 5.94 + 0 = -0.1172
WACC = (1.1E-5 / 0.000122) * (100% - 0) * (1 - 0.21) + -0.1172 + 0 = 6.9
Terminal Value = Discount (-0.0119 * (1 + -0.029) / (6.9 - -0.029)) = -0.0845
Company Value = ∑ (-0.0119 / (1 + 6.9) ^ 5) = -0.0521
Price = (Terminal Value + Company Value) / Count shares = (-0.0845 + -0.0521) / 1501560000 = -0.091

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) = -0.0362
FCF Yield = 0.0673
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 = 1.1E-5
Debt = 0.000122
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.000122) = 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) = 3
β = -2.48
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -2.48 * 5.94 + 0 = -0.1172
WACC = (1.1E-5 / 0.000122) * (100% - 0) * (1 - 0.21) + -0.1172 + 0 = 6.9
Terminal Value = Discount (-0.0362 * (1 + 0.0673) / (6.9 - 0.0673)) = -15.8
Company Value = ∑ (-0.0362 / (1 + 6.9) ^ 5) = -0.13
Price = (Terminal Value + Company Value) / Count shares = (-15.8 + -0.13) / 1501560000 = -10.61