OTC: CURLF - Curaleaf Holdings, 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 = -0.3832
CAGR EPS = 20.64%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 3.24 + (3.24 * 20.64% / 100) = 3.91

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) = 0.0978
Ebitda Yield = 0.1766
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 = 0.1004
Debt = 0.5878
Market Cap = 2.03
Weight Debt = Market Cap / (Market Cap + Debt) = 2.03 / (2.03 + 0.5878) = 0.7755
Weight Cost Debt = 100% - 0.7755 = 0.2245
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 = 7.96
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 7.96 * 5.94 + 0 = 0.5011
WACC = (0.1004 / 0.5878) * (100% - 0.7755) * (1 - 0.21) + 0.5011 + 0.7755 = 13.78
Terminal Value = Discount (0.0978 * (1 + 0.1766) / (13.78 - 0.1766)) = 1.55
Company Value = ∑ (0.0978 / (1 + 13.78) ^ 5) = 0.2401
Price = (Terminal Value + Company Value) / Count shares = (1.55 + 0.2401) / 733730000 = 2.45

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) = 0.0088
FCF Yield = 0.1227
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 = 0.1004
Debt = 0.5878
Market Cap = 2.03
Weight Debt = Market Cap / (Market Cap + Debt) = 2.03 / (2.03 + 0.5878) = 0.7755
Weight Cost Debt = 100% - 0.7755 = 0.2245
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 = 7.96
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 7.96 * 5.94 + 0 = 0.5011
WACC = (0.1004 / 0.5878) * (100% - 0.7755) * (1 - 0.21) + 0.5011 + 0.7755 = 13.78
Terminal Value = Discount (0.0088 * (1 + 0.1227) / (13.78 - 0.1227)) = 0.3464
Company Value = ∑ (0.0088 / (1 + 13.78) ^ 5) = 0.0238
Price = (Terminal Value + Company Value) / Count shares = (0.3464 + 0.0238) / 733730000 = 0.5046