OTC: CYBQF - CYBERDYNE 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 = -6.99
CAGR EPS = 58%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 1.35 + (1.35 * 58% / 100) = 2.13

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) = 0.0014
Ebitda Yield = -0.4043
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 = 0.482
Debt = 0.632
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.632) = 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 = 0.6785
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.39 + 0.6785 * 5.94 + 0 = 0.0642
WACC = (0.482 / 0.632) * (100% - 0) * (1 - 0.21) + 0.0642 + 0 = 60.25
Terminal Value = Discount (0.0014 * (1 + -0.4043) / (60.25 - -0.4043)) = 7.6E-5
Company Value = ∑ (0.0014 / (1 + 60.25) ^ 5) = 0.0106
Price = (Terminal Value + Company Value) / Count shares = (7.6E-5 + 0.0106) / 211130000 = 0.0504

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) = -1.67
FCF Yield = 0.0929
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 = 0.482
Debt = 0.632
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.632) = 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 = 0.6785
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.39 + 0.6785 * 5.94 + 0 = 0.0642
WACC = (0.482 / 0.632) * (100% - 0) * (1 - 0.21) + 0.0642 + 0 = 60.25
Terminal Value = Discount (-1.67 * (1 + 0.0929) / (60.25 - 0.0929)) = -0.3399
Company Value = ∑ (-1.67 / (1 + 60.25) ^ 5) = -1.96
Price = (Terminal Value + Company Value) / Count shares = (-0.3399 + -1.96) / 211130000 = -10.91