OTC: PRRUF - Immutep 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 = -0.1634
CAGR EPS = 40.35%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0.215 + (0.215 * 40.35% / 100) = 0.3018

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) = -2.32
Ebitda Yield = 0.6255
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 = 0.000141
Debt = 0.0073
Market Cap = 0.1602
Weight Debt = Market Cap / (Market Cap + Debt) = 0.1602 / (0.1602 + 0.0073) = 0.9564
Weight Cost Debt = 100% - 0.9564 = 0.0436
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) = 2.89
β = -2.2
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -2.2 * 5.94 + 0 = -0.1021
WACC = (0.000141 / 0.0073) * (100% - 0.9564) * (1 - 0.21) + -0.1021 + 0.9564 = 1.41
Terminal Value = Discount (-2.32 * (1 + 0.6255) / (1.41 - 0.6255)) = -5.76
Company Value = ∑ (-2.32 / (1 + 1.41) ^ 5) = -5.21
Price = (Terminal Value + Company Value) / Count shares = (-5.76 + -5.21) / 1201060000 = -9.13

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 FCF(5) * (1 + FCF Yield) / (WACC - FCF Yield)
Company Value = ∑ (Discount FCF / (1 + WACC) ^ 5)
Discount FCF(5) = -1.58
FCF Yield = 0.5737
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 = 0.000141
Debt = 0.0073
Market Cap = 0.1602
Weight Debt = Market Cap / (Market Cap + Debt) = 0.1602 / (0.1602 + 0.0073) = 0.9564
Weight Cost Debt = 100% - 0.9564 = 0.0436
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) = 2.89
β = -2.2
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -2.2 * 5.94 + 0 = -0.1021
WACC = (0.000141 / 0.0073) * (100% - 0.9564) * (1 - 0.21) + -0.1021 + 0.9564 = 1.41
Terminal Value = Discount (-1.58 * (1 + 0.5737) / (1.41 - 0.5737)) = -4.15
Company Value = ∑ (-1.58 / (1 + 1.41) ^ 5) = -3.69
Price = (Terminal Value + Company Value) / Count shares = (-4.15 + -3.69) / 1201060000 = -6.53