Price = Avg Price + (Avg Price * CAGR EPS% / 100)
EPS = Earning Per Share
CAGR EPS = CAGR 5 EPS
Key Rate — Nøkkelfrekvens
Excess Key Rate — Ønsket å overskride nøkkelhastigheten
EPS = -0.000329
CAGR EPS = 7.28%
Key Rate = 0.0364
Excess Key Rate = 2
Price = 0.0198 + (0.0198 * 7.28% / 100) = 0.0212

Price = (Terminal Value + Company Value) / Count shares
Price - Rettferdig pris
Terminal Value — Kostnad i post -prosessperioden
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) = -0.004
FCF Yield = 0.025
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - Gjeldstjeneste
Debt - Gjeld, milliarder
Weight Debt - Vekten av kapitalisering i forhold til gjeld
Weight Cost Debt - Gjeldsvekt angående kapitalisering
Tax - Avgift
Interest Expense = 0
Debt = 0
Market Cap = 0.0358
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0358 / (0.0358 + 0) = 0
Weight Cost Debt = 100% - 0 = 1
Tax = 0.21
Cost Of Equity — Rabattrente
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — Læreplan for lønnsomhet
β (beta) — Bestemmer risikoen for en aksje (eiendel) i forhold til markedet og viser følsomheten til en endring i lønnsomheten til handlingen i forhold til en endring i markedsavkastning. Betakoeffisienten kan beregnes ikke bare for en egen handling, men også for en investeringsportefølje.
Risk Premium — Premium Risiko - en pris for risiko for investering i handlingen
Country Premium - Landsrisiko
k(f) = 2.68
β = -6.26
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.68 + -6.26 * 5.94 + 0 = -0.35
WACC = (0 / 0) * (100% - 0) * (1 - 0.21) + -0.35 + 0 = 0
Terminal Value = Discount (-0.004 * (1 + 0.025) / (0 - 0.025)) = -0.16
Company Value = ∑ (-0.004 / (1 + 0) ^ 5) = -0.0189
Price = (Terminal Value + Company Value) / Count shares = (-0.16 + -0.0189) / 2620910000 = -0.069