OTC: ECRTF - ATEX Resources 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 = -0.1416
CAGR EPS = 15.42%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 1.2 + (1.2 * 15.42% / 100) = 1.39

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) = -0.7208
Ebitda Yield = 0.8928
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 = 0.0037
Debt = 1.2E-5
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 1.2E-5) = 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 = -0.9099
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -0.9099 * 5.94 + 0 = -0.024
WACC = (0.0037 / 1.2E-5) * (100% - 0) * (1 - 0.21) + -0.024 + 0 = 24117.84
Terminal Value = Discount (-0.7208 * (1 + 0.8928) / (24117.84 - 0.8928)) = 0
Company Value = ∑ (-0.7208 / (1 + 24117.84) ^ 5) = -0.000234
Price = (Terminal Value + Company Value) / Count shares = (0 + -0.000234) / 208140000 = -0.0011

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) = -0.2064
FCF Yield = 0.5391
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 = 0.0037
Debt = 1.2E-5
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 1.2E-5) = 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 = -0.9099
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -0.9099 * 5.94 + 0 = -0.024
WACC = (0.0037 / 1.2E-5) * (100% - 0) * (1 - 0.21) + -0.024 + 0 = 24117.84
Terminal Value = Discount (-0.2064 * (1 + 0.5391) / (24117.84 - 0.5391)) = 0
Company Value = ∑ (-0.2064 / (1 + 24117.84) ^ 5) = -0.000153
Price = (Terminal Value + Company Value) / Count shares = (0 + -0.000153) / 208140000 = -0.000735