OTC: DGMLF - De Grey Mining 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 = -0.0059
CAGR EPS = 7.55%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 1.05 + (1.05 * 7.55% / 100) = 1.13

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) = -0.0201
Ebitda Yield = 0.1672
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 = 1.0E-5
Debt = 0.0077
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.0077) = 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 = -2.1
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -2.1 * 5.94 + 0 = -0.0949
WACC = (1.0E-5 / 0.0077) * (100% - 0) * (1 - 0.21) + -0.0949 + 0 = 0.1026
Terminal Value = Discount (-0.0201 * (1 + 0.1672) / (0.1026 - 0.1672)) = -0.1408
Company Value = ∑ (-0.0201 / (1 + 0.1026) ^ 5) = -0.0755
Price = (Terminal Value + Company Value) / Count shares = (-0.1408 + -0.0755) / 1843380000 = -0.1173

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) = -3.62
FCF Yield = 1.17
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 = 1.0E-5
Debt = 0.0077
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.0077) = 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 = -2.1
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -2.1 * 5.94 + 0 = -0.0949
WACC = (1.0E-5 / 0.0077) * (100% - 0) * (1 - 0.21) + -0.0949 + 0 = 0.1026
Terminal Value = Discount (-3.62 * (1 + 1.17) / (0.1026 - 1.17)) = -6.7
Company Value = ∑ (-3.62 / (1 + 0.1026) ^ 5) = -6.56
Price = (Terminal Value + Company Value) / Count shares = (-6.7 + -6.56) / 1843380000 = -7.19